Grain Silo Storage Cost Index (GSCI)

Published: 15/06/2021

The Bureau for Economic Research (BER) has received the information of 30 different silos across 9 storage operators and calculated a preliminary index.  The three largest cost items include salaries, depreciation and maintenance. Over the most recent three years, the year on year changes in the Grain Silo Cost Index compared closely to that of the PPI (Producer Price Index).  The BER is busy verifying the data and finalising the report.  The report should be available within the next two weeks.  The weight of the cost components and actual costs differs largely between the respondents.  Individual repondents should be able to compare their own information with the national average.