AWB’s 2008/09 wheat pool estimated returns have been revised downward by $9 a tonne across all major grades, following strong appreciation of the Australian dollar and falling wheat values.

Benchmark grade APW now has an estimated return of $330 a tonne in the Western Pool and $335 a tonne in the Eastern Pool (FOB, excl GST).

AWB General Manager Australian Commodities Stuart Richardson said that the Australian/US dollar exchange rate had firmed from US$0.65 at the pool update two weeks ago, to trading more recently in the range US$0.69-US$0.71.

“At the same time as the dollar has firmed, world wheat prices have reduced, as buyers see the prospects for new season wheat improving in many key northern hemisphere export suppliers such as the US, Europe and the Black Sea region,” Mr Richardson said.

“Most northern exporters still have substantial supplies of last year’s wheat available.

“Shipment delays are pushing some holders of long positions to aggressively compete for later sales around when the northern hemisphere harvest begins. This is putting pressure on Australian export prices,” Mr Richardson said.

AWB’s pools remain open for deliveries. Growers can deliver their warehoused or stored wheat to an AWB Wheat Pool by contacting their local Grain Marketer or the AWB Grower Service Centre.

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

Media Inquiries:  Ian Desborough 0418 853 881

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)	$360	Down    $9
AH1 (13% protein)	$355	Down    $9
AH2 (11.5% protein)	$345	Down    $9
AUH2 (Flat protein)	$328	Down    $9
APW1 (10.5% protein)	$335	Down    $9
ASW1 (Flat protein)	$320	Down    $9
AGP1 (Flat protein)	$310	Down    $9
AUW1 (Flat protein)	$285	Down    $9
HPS1 (Flat protein)	$305	Down    $9
AH9 (Flat protein)	$260	Down    $9
FED1 (Flat protein)	$245	Down    $9
SFW1 (Flat protein)	$275	Down    $9
DR1 (Flat protein)	$510	Unchanged    $0
DR2 (Flat protein)	$468	Unchanged    $0
DR3 (Flat protein)	$413	Unchanged    $0
EASTERN POOL - Estimated Number Two Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
DR1 (Flat protein)	$455	Down    $15
DR2 (Flat protein)	$430	Down    $15
DR3 (Flat protein)	$375	Down    $15
ADRF (Flat protein)	$250	Down    $15
WESTERN POOL - Estimated Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
AH1 (13% protein)	$350	Down    $9
AH2 (11.5% protein)	$340	Down    $9
AUH2 (Flat protein)	$325	Down    $9
APW2 (10% protein)	$330	Down    $9
ANW1 (Flat protein)	$329	Down    $9
ANW2 (Flat protein)	$310	Down    $9
APWT (10% protein)	$330	Down    $9
ASW1 (Flat protein)	$315	Down    $9
AGP1 (Flat protein)	$305	Down    $9
AUW1 (Flat protein)	$280	Down    $9
SFT1 (Flat protein)	$350	Down    $9
FED1 (Flat protein)	$240	Down    $9
DR1 (Flat protein)	$480	Unchanged    $0
DR2 (Flat protein)	$450	Unchanged    $0
DR3 (Flat protein)	$400	Unchanged    $0
WESTERN POOL - Estimated Number Two Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
ANW1 (Flat protein)	$309	Down    $9
ANW2 (Flat protein)	$294	Down    $9

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