"Our view[of this year's grain crop] at the moment is that it's likely to be better,and significantly better,than 10-year averages. So,well improved over the last couple of very tough years,"he said.
"It's still early,but certainly the signals are that growers are planting many more acres than they have in more than six or seven years,so that's encouraging,"he said.
The ASX-listed GrainCorp is a bulk handler,storer,trader and exporter of grains and oilseeds,with operations in four different continents and a market capitalisation of about $800 million.
It is also a different business to what it was six months ago,after the recent demerger of its malt operations into another separate,ASX-listed agribusiness called United Malt Group.
Mr Spurway was tapped for the CEO role in December last year after a six-month global search,taking up the role as many of Australia's east coast grain growing regions were being savaged by drought.
Butheavy rain in many farming regions this year has restored confidence among growers,grain prices have risen noticeably and farmers are planting bigger crops in a bid to capitalise on the conditions and prices.