Grain and oilseed prices for Melbourne, Adelaide, Oaklands

Canola prices bump up to $800 a tonne in Victoria this week. See how grain and oilseed prices are performing.

Victorian canola prices have shot up from $747 a tonne this time last week to $800 a tonne.

Despite the positive price rise there were some concerns about crop selections to fit in winter programs due to tariffs from overseas countries and the world political scene.

Agricultural consultant Colin Peace said the current price being offered for canola futures was $756 which was still $20 a tonne below the current crop price.

He said grain growers would consider rotations for the upcoming season based on a multitude of market factors.

In addition lentils have been a shining light for many growers with a promising seasonal peak price of $950 a tonne which was achieved in January.

“Lentil prices at $950 a tonne are in the highest 20 per cent of prices achieved in the past five years and one of the highest gross margins available,” Mr Peace said.

However, the risk could become evident on March 31 when the deadline for India’s tariff free period ends.

“India’s underlying tariff for lentils is 30 per cent and any reintroduction of this tariff will slow the lentil trade substantially,” he said.

Since the tariff free exports of Australian lentils to India began in 2021, lentil exports to India have grown from 190,000 tonnes or 20 per cent of total lentil exports to 776,000 tonnes or 46 per cent of the total.

online artwork hay/grain rolling coverage Feb 19

Prices based on per tonne price for the week ending February 17, 2025.

Melbourne, Victoria

Non GM canola: $800

GM canola: $740

H2 wheat: $378

APW wheat: $367

ASW wheat: $361

AGP wheat: $357

Malt 1 barley: $350

Maximus (MX1) barley: $345

BAR1 barley: $338

Milling oats: $490

Feed oats: $440

Lupins: $650

Field peas: $640

Desi chickpeas: NA

Kabuli chickpeas: NA

Hallmark lentils: $900

Faba beans: $677

Adelaide, South Australia

Non GM canola: $755

GM canola: $655

H2 wheat: $387

APW wheat: $377

ASW wheat: $370

AGP wheat: $362

Malt 1 barley: $353

Maximus (MX1) barley: $353

BAR1 barley: $340

Milling oats: $510

Feed oats: $430

Lupins: $655

Field peas: $640

Desi chickpeas: NA

Kabuli chickpeas: NA

Hallmark lentils: $900

Faba beans: $675

Oaklands, NSW

Non GM canola: $753

GM canola: $738

H2 wheat: $308

APW wheat: $308

ASW wheat: $308

AGP wheat: $308

Malt 1 barley: $290

Maximus (MX1) barley: $287

BAR1 barley: $278

Milling oats: $430

Feed oats: $403

Lupins: $592

Field peas: $615

Desi chickpeas: NA

Kabuli chickpeas: NA

Hallmark lentils: $842

Faba beans: $619

Cash prices are for 2024-25 season and based on the higher of capital city, port or country price, less freight and compulsory charges. Quality payments for protein, screenings and moisture may apply.