| | Media Release: AWB 2008/09 Pool update | | |
(28/04/2009) |
AWB’s 2008/09 wheat pool estimated returns have been revised downward by $3 a tonne for APW grades, with variable changes for other grades.
Benchmark grade APW now has an estimated return of $327 a tonne in the Western Pool and $332 a tonne in the Eastern Pool (FOB, excl GST).
AWB Head of Australian Commodities Stuart Richardson said that the Australian/US dollar exchange rate had firmed from US65.0¢ in mid-March, to trading as high as US73.3¢ in mid-April.
“Currency volatility has been echoed in the wheat futures market, as people have watched changing weather conditions in major global production areas,” Mr Richardson said.
“On the physical markets, uncertainty over global production has seen strong prices, but competition to place last year’s grain has increased, particularly into the Middle East, as northern hemisphere exporters see new crop prospects improving.
“Australian wheat is desired in key markets in the Middle East and Asia, so Australian exporters are also competing strongly to make sales,” Mr Richardson said.
All of AWB’s 2008/09 season wheat pools are closed for deliveries.
For grower inquiries please contact your local Grain Marketer, or AWB’s Grower Services Centre on 1800 054 433.
Media Inquiries: Ian Desborough on (03) 9209 2335 or 0418 853 881
|
EASTERN POOL - Estimated Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive): |
|
|
|
|
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
APH2 (13% protein) |
$352 |
Down $8 |
|
AH1 (13% protein) |
$347 |
Down $8 |
|
AH2 (11.5% protein) |
$342 |
Down $3 |
|
AUH2 (Flat protein) |
$325 |
Down $3 |
|
APW1 (10.5% protein) |
$332 |
Down $3 |
|
ASW1 (Flat protein) |
$317 |
Down $3 |
|
AGP1 (Flat protein) |
$307 |
Down $3 |
|
AUW1 (Flat protein) |
$282 |
Down $3 |
|
HPS1 (Flat protein) |
$302 |
Down $3 |
|
AH9 (Flat protein) |
$257 |
Down $3 |
|
FED1 (Flat protein) |
$242 |
Down $3 |
|
SFW1 (Flat protein) |
$272 |
Down $3 |
|
DR1 (Flat protein) |
$510 |
Unchanged |
|
DR2 (Flat protein) |
$468 |
Unchanged |
|
DR3 (Flat protein) |
$413 |
Unchanged |
|
|
|
|
|
EASTERN POOL - Estimated Number Two Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive): |
|
|
|
|
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
DR1 (Flat protein) |
$455 |
Unchanged |
|
DR2 (Flat protein) |
$430 |
Unchanged |
|
DR3 (Flat protein) |
$375 |
Unchanged |
|
ADRF (Flat protein) |
$250 |
Unchanged |
|
|
|
|
|
WESTERN POOL - Estimated Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive): |
|
|
|
|
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
AH1 (13% protein) |
$343 |
Down $7 |
|
AH2 (11.5% protein) |
$337 |
Down $3 |
|
AUH2 (Flat protein) |
$318 |
Down $7 |
|
APW2 (10% protein) |
$327 |
Down $3 |
|
ANW1 (Flat protein) |
$322 |
Down $7 |
|
ANW2 (Flat protein) |
$307 |
Down $3 |
|
APWT (10% protein) |
$327 |
Down $3 |
|
ASW1 (Flat protein) |
$312 |
Down $3 |
|
AGP1 (Flat protein) |
$302 |
Down $3 |
|
AUW1 (Flat protein) |
$277 |
Down $3 |
|
SFT1 (Flat protein) |
$347 |
Down $3 |
|
FED1 (Flat protein) |
$237 |
Down $3 |
|
DR1 (Flat protein) |
$480 |
Unchanged |
|
DR2 (Flat protein) |
$450 |
Unchanged |
|
DR3 (Flat protein) |
$400 |
Unchanged |
|
|
|
|
|
WESTERN POOL - Estimated Number Two Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive): |
|
|
|
|
|
Pool Pay Grade Base Rate |
Estimated Pool Return |
Change |
|
ANW1 (Flat protein) |
$306 |
Down $3 |
|
ANW2 (Flat protein) |
$291 |
Down $3 |