## Review of Operations 

## Highlights 

More than 12.1 million tonnes of grain received across south-east Australia 

Record Victorian receivals of 5.1 million tonnes 

7.2 million tonnes exported through GrainCorp Terminals 

$60 million capital works program saw daily receival records smashed across Western, Central and Southern Divisions 

A new moisture standard of 12.8% was introduced, an increase of 0.3%, dependent on stack average 

1 million tonnes of grain was moved via rail by GrainCorp crewed trains 

In an extraordinary season characterised by extremes across NSW and Victoria, GrainCorp received more than 12.1 million tonnes of grain into its storage and handling system for the 2000/01 winter and summer harvests. 

Damaging November rains significantly reduced production in the Northern Division and some areas of the Western Division. In contrast, ideal production conditions in Central and Southern Divisions saw higher than average yields. 

## Trading 

Markets remained steady to the end of the season, which contrasts to the falling prices at the same time the previous year. Larger volumes of feed grades were received due to pre-harvest rains in the northern areas. Despite increased supply, feed grades maintained their value due to strong domestic demand. Stronger world export prices were offset by a rally in the value of the Australian dollar. 

## Rail 

In total, nine million tonnes of product was loaded onto ships throughout the year from GrainCorp’s four export terminals at Newcastle, Port Kembla, Geelong and Portland. This figure includes one million tonnes of woodchips though the Victorian terminals. 

GrainCorp has invested $1.4 million to help build dual gauge rail access at the Port of Geelong. Rail freight deliveries from the standardised networks in the western areas of Victoria and southern NSW will be able to access the Port at the project’s completion. GrainCorp’s service to its growers and end-user customers will be enhanced with the improved access. 

## Ports 

The Port Kembla grain terminal has been upgraded so that it is now one of the most modern grain terminals in the world. Originally commissioned in 1988, the automation system was almost completely replaced. With work starting in June, the port was shut down for six weeks and is now back up to full production levels. 

At GrainCorp’s Newcastle terminal, construction of a $2.5 million grain-grading plant will increase prices to producers. The grading plant is available to AWB Limited and other domestic and export buyers to clean large parcels of grain for export and domestic use. 

