Government Review Recommends Replacing Wheat Port Code with Industry-Managed Framework

The Australian Department of Agriculture, Fisheries and Forestry (DAFF) has recommended replacing the Wheat Port Code with an industry-managed framework, following the release of the second review of the code. The Wheat Port Code, introduced in 2014 to ensure fair and transparent access for wheat exporters to port terminals, was initially set to expire on October 1, 2023. However, the Attorney-General decided to extend its sunset clause until October 1, 2026, to allow time for further review and potential changes. DAFF's Deputy Secretary for Agriculture, Fisheries, and Forestry Policy, Matt Lowe, explained that while parts of the Wheat Port Code continue to benefit the wheat export industry, the code as it stands is no longer suitable for the current landscape. The review suggests that Grain Trade Australia (GTA) work alongside the grain export industry to develop a new, industry-managed code, building on the aspects of the existing code that still offer value. The review also proposes that the new industry-led framework include provisions such as: A commitment to deal in good faith with grain exporters Timely publication of port loading statements A dispute resolution mechanism Transparent publication of standard terms and reference prices While some parts of the industry agree with the recommendation to replace the Wheat Port Code, there are divergent views on how to move forward. Bulk wheat port terminal service providers (PTSPs) and the GTA are in favor of an industry-managed framework or