Australian wheat growers who delivered to AWB’s Wheat Pools are today receiving a cash flow boost.

The AWB Harvest Finance Top-Up Payments to growers range from $22-$54 per tonne and will provide growers with industry-leading cash flow as they head into another growing season.

AWB’s Eastern and Western Wheat Pool estimates remain unchanged after today’s review of prices. The benchmark APW grade remains at $344/t FOB in the Eastern Pool and $339/t FOB in the Western Pool.

AWB General Manager Australian Commodities Stuart Richardson said wheat prices were still volatile by historical standards.

“We currently have export logistics from Australia and Canada running at full capacity, while major exporters such as the European Union, Russia and the United States appear to be building stocks after running them down to near record lows this time last year,” Mr Richardson said.

“Demand remains strong, but among some major exporters supplies are increasing. In the short term we expect prices to be at least supported at current levels. In the medium term the critical issue for wheat prices will be the progress of Northern Hemisphere winter wheat crops and plantings of spring wheat over the next few months.”

“Our focus now is on executing our sales program to our international and domestic customers. In this new era of competition we believe the ability to execute business well and at low cost will be a key factor in determining the strength of a pool return,” Mr Richardson said.

AWB reminds growers that any of AWB’s pools can close at any time without notice. Growers can secure access to AWB’s pools by contracting into them. This can be done through a local AWB Grain Marketer, or through AWB’s Grower Services Centre.

For grower inquiries please contact your local Grain Marketer, or AWB’s Grower Services Centre on 1800 054 433

Media Inquiries:  Paul Ryan on 0429 856 883

EASTERN POOL - Estimated Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
APH2 (13% protein)	$369	Unchanged    $0
AH1 (13% protein)	$364	Unchanged    $0
AH2 (11.5% protein)	$354	Unchanged    $0
AUH2 (Flat protein)	$337	Unchanged    $0
APW1 (10.5% protein)	$344	Unchanged    $0
ASW1 (Flat protein)	$329	Unchanged    $0
AGP1 (Flat protein)	$319	Unchanged    $0
AUW1 (Flat protein)	$294	Unchanged    $0
HPS1 (Flat protein)	$314	Unchanged    $0
AH9 (Flat protein)	$269	Unchanged    $0
FED1 (Flat protein)	$254	Unchanged    $0
SFW1 (Flat protein)	$284	Unchanged    $0
DR1 (Flat protein)	$510	Unchanged    $0
DR2 (Flat protein)	$468	Unchanged    $0
DR3 (Flat protein)	$413	Unchanged    $0
WESTERN POOL - Estimated Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
AH1 (13% protein)	$359	Unchanged    $0
AH2 (11.5% protein)	$349	Unchanged    $0
AUH2 (Flat protein)	$334	Unchanged    $0
APW2 (10% protein)	$339	Unchanged    $0
ANW1 (Flat protein)	$338	Unchanged    $0
ANW2 (Flat protein)	$319	Unchanged    $0
APWT (10% protein)	$339	Unchanged    $0
ASW1 (Flat protein)	$324	Unchanged    $0
AGP1 (Flat protein)	$314	Unchanged    $0
AUW1 (Flat protein)	$289	Unchanged    $0
SFT1 (Flat protein)	$359	Unchanged    $0
FED1 (Flat protein)	$249	Unchanged    $0
DR1 (Flat protein)	$480	Unchanged    $0
DR2 (Flat protein)	$450	Unchanged    $0
DR3 (Flat protein)	$400	Unchanged    $0

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