| ||AWB 2012/13 Wheat Pools Financial Distribution|| ||
AWB made its second financial distribution to farmers participating in its 2012/13 season wheat pools last week.
AWB’s Richard Williams said: “AWB is pleased to confirm yet another strong distribution payment with payments representing between 35% - 44% of current estimated pool returns across all AWB 2012/13 wheat pools.”
“In this payment AWB will also pay a further 37% of protein, screenings and moisture quality increments for applicable grades and deduct 41% of estimated upcountry, freight and port costs,” Mr Williams said
“This second distribution confirms our progress with selling down our wheat pools earlier in the year and removing price risk in our pools.
“Following this payment, farmers across all regions will have received a minimum of 70% of estimate pool equity.
“This means there isn’t much price exposure remaining in our pools and confirms we remain on track to finalise pool payments by November 2013,” Mr Williams said.