Farmarco Professional Biographies

Robert Imray - Managing Director

Robert brings over 20 years of experience in commodity market analysis and insight; a demonstrated track record in price forecasting and market opinions; and in particular, expertise in managing fluctuations in commodity prices, foreign exchange and basis (techniques, strategy and tactics around managing soft commodity price risk) and in operation risk (policy, process, reporting, etc).

Holding a Bachelor’s Degree in Business (double major in Marketing and Applied Finance), a Graduate Diploma in Accounting and a Master’s Degree in Business (International Business), Robert has been involved in grains, cotton and oilseeds at Farmarco since 1996, and is currently Managing Director.

While Rob grew up in family broad acre farming and grazing operations, he started his commodity price risk management career in the sugar industry where he was part of a small team that managed sugar pricing, foreign exchange, corporate borrowings and money market operations within the National Pool.

Rob is also a Director of ‘Cotton Compass’, an analytical publication focused on Australia and S.E. Asia, past president of Queensland Agricultural Merchants Inc. and a Director of Grain Trade Australia.

Recent speaking engagements have included:

  • Australian Grains Industry Conference - Melbourne, Aug. 2016
  • Pioneer Canegrowers AGM, Ayr, May 2014
  • Australian Oilseed Federation, Melbourne, July 2013
  • 18th Asian Sugar Conference, Singapore, Sept 2012
  • Macintyre Valley Cotton Growers Association Field Day, March 2011
  • Tully Canegrowers AGM, Tully, Nov 2010
  • Eastern Genetics Pig Industry Forum, Toowoomba, October 2010
  • North Coast Oil Seed Growers, Casino, Sept 2010
  • Australian Grains Industry Conference, Melbourne, July 2010

Published Papers

  • An empirical analysis of minimum variance hedge ratios for raw sugar in the Far East: an Australian Perspective - 1996.
  • Can seasonal climate forecasts predict movements in grain prices? - Chapman, Imray and Hammer 1997 (Applications of Seasonal Climate Forecasting in Agricultural and Natural Ecosystems - Kluwer Press 2000)

David Thompson - Client Services Manager

David brings over 30 years of experience, having been involved in the milling industry since 1979, and the grain industry since 1988. He is highly experienced, not only in the marketing of grains, but also in milling and technical quality. David also has experience in organic grains in Australia.

David has held a range of industry positions, and has a range of experience along the east coast of Australia and New Zealand. David joined Farmarco in May 2005 and, as a Client Service Manager, is responsible for the broking of grains, oilseeds and pulses in southern New South Wales, Victoria and South Australia. David is a licensed derivatives advisor and broker.

Ken Deutscher - Cash Commodity Broker/Advisor

Ken is responsible for the cash broking of commodities for Farmarco in Northern New South Wales and Queensland. He brings to Farmarco close to 30 years of experience, as both a hedger and cash broker. This has included working with producers, traders and end users for commodities such as wheat, barley, sorghum, cottonseed, corn, sunflowers and cotton.

Ken has gained valuable market knowledge and experience over these years which he brings to Farmarco as a cash commodity broker. Due to his many years of experience, Ken has long-established relationships in trading and also maintains a strong technical knowledge relating to contractual issues. Ken is a licensed derivatives advisor and broker.

Sara Dolley - Compliance Administrator/Financial Controller

Sara is a Company Representative and draws on over 10 years of experience, having been with Farmarco since 2001. As well as her compliance roles, Sara is responsible for all of the company’s accounting procedures. She has previous experience in the insurance and superannuation industry.

Sara is currently the Administration Officer and Compliance Officer at Farmarco and plays an important support role to the business.

Contact Farmarco regarding these Professional Biographies.

Farmarco    104 Herries Street, Toowoomba, Queensland    Phone: +61 7 4637 6400    Fax: +61 7 4637 6464    Email: