AWB will make its first distribution of $150 million (FOB GST excl) to pool participants in its 2011/12 season wheat pools overnight. After deduction of supply chain costs, the net payment to farmers will be $110 million (GST excl).
AWB’s Richard Williams said the 2011/12 wheat pools pricing and sales program was progressing well in a challenging market due to large Australian wheat stocks and good weather conditions in the Northern Hemisphere continuing to place pressure on Australian wheat values.
“The large Australia wheat crop is being exporting at record pace with good demand for Australian wheat however prices are being pressured in some areas,” Mr Williams said.
The first distribution represents between 22 – 27% of the current estimated pool returns (EPRs) across all pools with 100% of early commitment premiums, 24% of quality payments, 100% of receival fees and 28% of estimated upcountry, freight and port costs applied to this payment.
“This distribution is reflective of the level of physical shipping from our pools with the majority of pooled wheat sold making its way to customers in Africa, Middle East and throughout the Asian and pacific regions,” Mr Williams said.
The majority of AWB 2011/12 season EPRs have remain unchanged however some higher protein grades have decrease $4 - $9 a tonne due to a large supply of Australian protein wheat and ideal growing conditions in the United States which could result in record yields.
AWB’s 2011/12 EPRs for APW wheat remains at $263 a tonne and ANW noodle wheat is $276 a tonne in the WA Pool, APW is $257 a tonne in the SA Pool and $258 a tonne in the Eastern Pool (FOB, excl GST).
“Positive growing conditions in the Northern Hemisphere for wheat and corn crops continue to weigh heavily on international wheat prices and as long as the weather conditions remain favourable the ability of grain markets to rally at this point seems limited,” Mr Williams said.
“Overall Australian wheat prices are holding up relative to US wheat values.
“In the past month we have made key sales to Sudan, Thailand, UAE, Qatar and Yemen of various grades of milling and feed wheat,” Mr Williams said.
Media contact: Peter McBride 03 9268 7362 or 0417 662 451
|
WHEAT: EASTERN POOL - EPRs 2011/12 AWB Pool ($/t FOB, excluding GST) |
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
APH1 (14% protein) |
$360 |
Unchanged |
|
APH2 (13% protein) |
$355 |
Unchanged |
|
H1 (13% protein) |
$323 |
Unchanged |
|
H2 (11.5% protein) |
$276 |
Down $4 |
|
AUH2 (11.5% protein) |
$268 |
Unchanged |
|
APW1 (10.5% protein) |
$258 |
Unchanged |
|
ASW1 (Flat protein) |
$246 |
Unchanged |
|
SFE1 (Flat protein) |
$240 |
Unchanged |
|
AGP1(Flat protein) |
$235 |
Unchanged |
|
FED1 (Flat protein) |
$233 |
Unchanged |
|
SFW1 (Flat protein) |
$233 |
Unchanged |
|
GPSF (Flat protein) |
$233 |
Unchanged |
|
AH9 (Flat protein) |
$235 |
Unchanged |
|
DR1 (13% protein) |
$400 |
Unchanged |
|
DR2 (11.5% protein) |
$380 |
Unchanged |
|
DR3 (10% protein) |
$350 |
Unchanged |
|
DR9 (Flat protein) |
$256 |
Unchanged |
|
WHEAT: SA POOL - EPRs 2011/12 AWB Pool ($/t FOB, excluding GST) |
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
H1 (13% protein) |
$307 |
Down $7 |
|
H2 (11.5% protein) |
$274 |
Down $4 |
|
AUH2 (11.5% protein) |
$267 |
Unchanged |
|
APW1 (10.5% protein) |
$257 |
Unchanged |
|
ASW1 (Flat protein) |
$245 |
Unchanged |
|
AGP1(Flat protein) |
$237 |
Unchanged |
|
FED1 (Flat protein) |
$236 |
Unchanged |
|
FEDG (Flat protein) |
$221 |
Unchanged |
|
SFW1 (Flat protein) |
$236 |
Unchanged |
|
GPSF (Flat protein) |
$236 |
Unchanged |
|
AH9 (Flat protein) |
$239 |
Unchanged |
|
DR1 (13% protein) |
$393 |
Unchanged |
|
DR2 (11.5% protein) |
$373 |
Unchanged |
|
DR3 (10% protein) |
$343 |
Unchanged |
|
WHEAT: WA POOL - EPRs 2011/12 AWB Pool ($/t FOB, excluding GST) |
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
H1 (13% protein) |
$315 |
Down $9 |
|
H2 (11.5% protein) |
$297 |
Down $9 |
|
AUH2 (11.5% protein) |
$273 |
Unchanged |
|
APW2 (10% protein) |
$263 |
Unchanged |
|
APWN (10% protein) |
$263 |
Unchanged |
|
ANW1 (10.5% protein) |
$276 |
Unchanged |
|
ANW2 (Flat protein) |
$253 |
Unchanged |
|
ASW1 (Flat protein) |
$255 |
Unchanged |
|
AGP1 (Flat protein) |
$245 |
Unchanged |
|
AUW1 (Flat protein) |
$241 |
Unchanged |
|
SFT1 (Flat protein) |
$245 |
Unchanged |
|
FED1 (Flat protein) |
$241 |
Unchanged |
|
FED2 (Flat protein) |
$196 |
Unchanged |
|
WHEAT: EASTERN POOL – Distribution payment summary (A$/t FOB, excluding GST) |
|
Pool Pay Grade Base Rate |
1st distribution |
EPR |
% paid to date |
|
APH1 (14% protein) |
79.20 |
$360 |
22% |
|
APH2 (13% protein) |
78.10 |
$355 |
22% |
|
H1 (13% protein) |
71.06 |
$323 |
22% |
|
H2 (11.5% protein) |
61.60 |
$276 |
22% |
|
AUH2 (11.5% protein) |
58.96 |
$268 |
22% |
|
APW1 (10.5% protein) |
64.50 |
$258 |
25% |
|
ASW1 (Flat protein) |
61.50 |
$246 |
25% |
|
SFE1 (Flat protein) |
60.00 |
$240 |
25% |
|
AGP1(Flat protein) |
56.40 |
$235 |
24% |
|
FED1 (Flat protein) |
55.92 |
$233 |
24% |
|
SFW1 (Flat protein) |
55.92 |
$233 |
24% |
|
GPSF (Flat protein) |
55.92 |
$233 |
24% |
|
AH9 (Flat protein) |
56.40 |
$235 |
24% |
|
DR1 (13% protein) |
108.00 |
$400 |
27% |
|
DR2 (11.5% protein) |
102.60 |
$380 |
27% |
|
DR3 (10% protein) |
94.50 |
$350 |
27% |
|
DR9 (Flat protein) |
69.12 |
$256 |
27% |
|
WHEAT: SA POOL - Distribution payment summary (A$/t FOB, excluding GST) |
|
Pool Pay Grade Base Rate |
1st distribution |
EPR |
% paid to date |
|
H1 (13% protein) |
69.08 |
$307 |
23% |
|
H2 (11.5% protein) |
61.16 |
$274 |
22% |
|
AUH2 (11.5% protein) |
58.74 |
$267 |
22% |
|
APW1 (10.5% protein) |
64.25 |
$257 |
25% |
|
ASW1 (Flat protein) |
61.25 |
$245 |
25% |
|
AGP1(Flat protein) |
59.25 |
$237 |
25% |
|
FED1 (Flat protein) |
59.00 |
$236 |
25% |
|
FEDG (Flat protein) |
55.25 |
$221 |
25% |
|
SFW1 (Flat protein) |
59.00 |
$236 |
25% |
|
GPSF (Flat protein) |
59.00 |
$236 |
25% |
|
AH9 (Flat protein) |
59.75 |
$239 |
25% |
|
DR1 (13% protein) |
106.11 |
$393 |
27% |
|
DR2 (11.5% protein) |
100.71 |
$373 |
27% |
|
DR3 (10% protein) |
92.61 |
$343 |
27% |
|
WHEAT: WA POOL - Distribution payment summary (A$/t FOB, excluding GST) |
|
Pool Pay Grade Base Rate |
1st distribution |
EPR |
% paid to date |
|
H1 (13% protein) |
71.28 |
$315 |
23% |
|
H2 (11.5% protein) |
67.32 |
$297 |
22% |
|
AUH2 (11.5% protein) |
60.06 |
$273 |
22% |
|
APW2 (10% protein) |
65.75 |
$263 |
25% |
|
APWN (10% protein) |
65.75 |
$263 |
25% |
|
ANW1 (10.5% protein) |
69.00 |
$276 |
25% |
|
ANW2 (Flat protein) |
63.25 |
$253 |
25% |
|
ASW1 (Flat protein) |
61.20 |
$255 |
25% |
|
AGP1 (Flat protein) |
58.80 |
$245 |
25% |
|
AUW1 (Flat protein) |
57.84 |
$241 |
25% |
|
SFT1 (Flat protein) |
58.80 |
$245 |
25% |
|
FED1 (Flat protein) |
57.84 |
$241 |
27% |
|
FED2 (Flat protein) |
71.28 |
$196 |
23% |