SOUTHAustralian and West Australian hay growers are being urged to release hay supplies to take advantage of burgeoning international demand and favourable prices.
Australia’s leading hay processor and exporter Balco is looking to buyhay from farmers to help meet increased demand from across Asia.
Balco chief executive Rob Lawson said many growers had reported hay was thebest gross margin crop this season, with favourable prices currently on offer.
“Now is the time to open shed doors and get any excess hay onto the export market,” he said.
“The expectation is the international market will continue to provide better returns than the domestic market for hay.
“China has a growing appetite for high-quality Australian hay while there is continued demand from Japan, Taiwan, Malaysia, Indonesia and Korea.”
Mr Lawson said adding to the demand was the emergence of new markets where dairies are acquiring a taste for Australian hay.
“Balco has recently exportedhay for the first time to Vietnam, where we see strong potential over the coming years,” he said.
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