| | Media Release: AWB Wheat Pools Update | | |
(27/10/2009) |
AWB today increased its 2009/10 Wheat Pool estimates in Western Australia by $8 per tonne for all grades, lifting the benchmark APW grade in the Western Pool to $258 per tonne (FOB, excl GST). The estimated pool returns for all grades in AWB’s Eastern Pool, except durum, were also increased by $6 per tonne, with APW now at $264 per tonne (FOB, excl GST).
AWB General Manager Commodities, Mitch Morison, said while US wheat futures have rallied in the past fortnight the continued strength of the Australian dollar has offset some of these gains.
“The weak US dollar and a wet US row crop harvest continues to support US wheat futures and while international cash prices have also firmed, the strong Australian dollar continues to weigh on Australian wheat export prices,” Mr Morison said.
Estimated returns for AWB’s 2008/09 wheat pools remain unchanged and as a result benchmark grade APW wheat remain at $325 a tonne in the Western Pool and $330 a tonne in the Eastern Pool (FOB, excl GST).
Media Inquiries: Peter McBride, 03 9209 2774 or 0417 662 451
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EASTERN POOL - Estimated Pool Return 2009/10 AWB Pool ($/t FOB, excluding GST): |
|
|
|
|
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
APH2 (13% protein) |
$284 |
Up $6 |
|
AH1 (13% protein) |
$279 |
Up $6 |
|
AH2 (11.5% protein) |
$272 |
Up $6 |
|
AUH2 (Flat protein) |
$254 |
Up $6 |
|
APW1 (10.5% protein) |
$264 |
Up $6 |
|
ASW1 (Flat protein) |
$257 |
Up $6 |
|
SFT1 (Flat protein) |
$289 |
Up $6 |
|
AGP1 (Flat protein) |
$249 |
Up $6 |
|
HPS1 (Flat protein) |
$234 |
Up $6 |
|
FED1 (Flat protein) |
$229 |
Up $6 |
|
DR1 (Flat protein) |
$315 |
Unchanged |
|
DR2 (Flat protein) |
$285 |
Unchanged |
|
DR3 (Flat protein) |
$255 |
Unchanged |
|
|
|
|
|
WESTERN POOL - Estimated Pool Return 2009/10 AWB Pool ($/t FOB, excluding GST): |
|
|
|
|
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
AH1 (13% protein) |
$274 |
Up $8 |
|
AH2 (11.5% protein) |
$267 |
Up $8 |
|
AUH2 (Flat protein) |
$248 |
Up $8 |
|
APW2 (10% protein) |
$258 |
Up $8 |
|
ANW1 (Flat protein) |
$248 |
Up $8 |
|
ANW2 (Flat protein) |
$238 |
Up $8 |
|
APWT (10% protein) |
$258 |
Up $8 |
|
ASW1 (Flat protein) |
$248 |
Up $8 |
|
AGP1 (Flat protein) |
$243 |
Up $8 |
|
AUW1 (Flat protein) |
$218 |
Up $8 |
|
SFT1 (Flat protein) |
$283 |
Up $8 |
|
FED1 (Flat protein) |
$218 |
Up $8 |
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