AWB today decreased its 2009/10 Pool estimates for all grades in its western and eastern pools by $5 a tonne, except durum wheat grades in the eastern wheat pools which remain unchanged.

Estimated pool returns (EPR) for benchmark grade APW wheat are now $250 a tonne in the western pool and $258 a tonne in the eastern pool (FOB, excl GST).

AWB General Manager Commodities, Mitch Morison, said the continued appreciation of the Australian dollar is currently putting downward pressure on Australian wheat prices.

“While international cash prices and US wheat futures are slightly higher since the last pool update, the strength of the Australian dollar continues to have a negative impact on Australian wheat export prices,” Mr Morison said.

AWB today closed the second of its early commitment premium pool contracts in Victoria, New South Wales and Queensland, following strong grower support that has fully subscribed available tonnage in these states.

Mr Morison said through its $15 and $10 a tonne premium contracts, AWB has hit its targets in all states.

The Western Australia and South Australia early commitment premium pool contracts were closed last week. 

“Sales, commodity hedging and currency management activities are occurring right across our pools, thanks to growers early commitment to our 20090/10 wheat pools,” Mr Morison said.

Media Inquiries:  Peter McBride, 03 9209 2774 or 0417 662 451

EASTERN POOL - Estimated Pool Return 2009/10 AWB Pool ($/t FOB, excluding GST):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
APH2 (13% protein)	$276	Down $5
AH1 (13% protein)	$273	Down $5
AH2 (11.5% protein)	$266	Down $5
AUH2 (Flat protein)	$248	Down $5
APW1 (10.5% protein)	$258	Down $5
ASW1 (Flat protein)	$251	Down $5
SFT1 (Flat protein)	$283	Down $5
AGP1 (Flat protein)	$243	Down $5
HPS1 (Flat protein)	$228	Down $5
FED1 (Flat protein)	$223	Down $5
DR1 (Flat protein)	$315	Unchanged
DR2 (Flat protein)	$285	Unchanged
DR3 (Flat protein)	$255	Unchanged
WESTERN POOL - Estimated Pool Return 2009/10 AWB Pool ($/t FOB, excluding GST):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
AH1 (13% protein)	$266	Down $5
AH2 (11.5% protein)	$259	Down $5
AUH2 (Flat protein)	$240	Down $5
APW2 (10% protein)	$250	Down $5
ANW1 (Flat protein)	$240	Down $5
ANW2 (Flat protein)	$230	Down $5
APWT (10% protein)	$250	Down $5
ASW1 (Flat protein)	$240	Down $5
AGP1 (Flat protein)	$235	Down $5
AUW1 (Flat protein)	$210	Down $5
SFT1 (Flat protein)	$275	Down $5
FED1 (Flat protein)	$210	Down $5

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