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Graydon takes on grains at Rabobank

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article image Graydon Chong
World-leading food and agribusiness bank, Rabobank Australia & New Zealand has appointed Graydon Chong as the senior grains and oilseeds analyst in its Food & Agribusiness Research and Advisory (FAR) division.

The FAR division is a dedicated unit within Rabobank, which undertakes research into food and agribusiness sectors. The local FAR team is part of a global network of approximately 80 research analysts across the bank.

Mr Chong will be responsible for analysing developments in the domestic grain and oilseed markets, supporting Rabobank’s high-level research in key agricultural sectors.

Mr Chong brings a wealth of knowledge to the research team, given his experience in multinational grain companies, according to Rabobank Australia & New Zealand general manager for FAR, Luke Chandler.

Mr Chandler explains that Graydon’s industry experience has given him a solid understanding of not only the global grains and oilseeds complex, but also its impact on domestic market conditions. Mr Chong will be supported by Rabobank’s global team of grain and oilseed analysts based in the major crop-producing regions around the world.

Mr Chong has an agricultural economics background with a number of years’ experience in risk management and trading. Mr Chong has worked closely with growers and is well versed in the complexity of the grains market.

He believes that Rabobank’s global research network is invaluable in this volatile market as it allows them to tap into people on the ground about local conditions. Mr Chong added that while the current focus was on closely monitoring the huge jump in wheat, corn and soybean prices, as well as the condition of the domestic crop, the longer-term fundamentals for the sector remained strong.

He also observed that the increasing global population, which is expected to reach 9 billion by 2050, will require a corresponding increase of around 70% in agricultural production, creating significant opportunities for Australian domestic producers, given their close proximity to the Asian market.

Rabobank is one of Australia and New Zealand’s largest rural banks and a major provider of corporate financial services to the region’s food and agribusiness sector.

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