AWB will make final payments to growers participating in its 2008/09 season wheat pools overnight on Wednesday, 17 March. The final $65 million distribution ($63m net after costs) comes a month ahead of normal pool schedules and ranges from $15 to $56 a tonne (excluding GST).

AWB received 2.7 million tonnes across its eastern and western pools, with a gross value exceeding $870 million. The final pool return for benchmark grade APW is $333 a tonne in the eastern pool and $328 a tonne in the western pool.

AWB General Manager Commodities, Mitch Morison, said the company’s pools had performed very well in what was the first season after wheat exports were fully deregulated.

“Our pools exceeded the prices initially estimated at harvest in 2008 for almost all grades and performed well compared against cash alternatives, despite the world market falling away badly during 2009,” Mr Morison said.

“We offered growers new pool arrangements in 2008, splitting for the first time from a national approach into two pools; east and west, which were well accepted and have performed as intended.

“Export shipments have occurred both in bulk and containers, with our sales program targeting markets in North Asia, the Middle East, Africa and South-East Asia, with smaller quantities to Pacific rim countries and durum wheat to Europe, along with domestic sales in Australia,” Mr Morison said.

Media Inquiries:  Ian Desborough 03 9209 2335 or 0418 853 881

2008/09 No.1 AWB Eastern Pool payments - (A$/tonne, FOB, excl GST)
Grade	Apr-09	Jul-09	Oct-09	Jan-10	Mar 10 (Final)	Pool Return
AGP1	66.96	70.61	93.64	50.82	25.97	308.00
AH9	57.72	59.11	78.29	43.40	24.48	263.00
APH2	75.24	81.46	108.30	57.92	28.08	351.00
APW1	78.39	76.99	102.05	54.95	20.62	333.00
ASW1	70.08	72.91	96.71	52.47	25.83	318.00
AUH2	70.85	74.75	99.16	53.79	27.45	326.00
AUW1	61.56	64.86	85.96	46.70	23.92	283.00
DR1	106.71	117.28	156.57	129.44	0.00	510.00
DR2	97.77	107.64	143.68	118.91	0.00	468.00
DR3	86.05	93.82	126.79	106.34	0.00	413.00
FED1	48.76	55.66	74.29	40.43	25.86	245.00
H1	74.20	80.26	106.50	57.59	30.45	349.00
H2	72.11	79.07	104.91	56.43	29.48	342.00
HPS1	75.64	69.46	92.10	50.00	15.80	303.00
SFW1	54.73	62.56	82.89	45.87	31.95	278.00

2008/09 No.1 AWB Western Pool payments - (A$/tonne, FOB, excl GST)
Grade	Apr-09	Jul-09	Oct-09	Jan-10	Mar 10 (Final)	Pool Return
AGP1	59.78	69.46	92.10	50.00	31.66	303.00
ANW1	74.35	74.06	97.63	52.97	21.99	321.00
ANW2	70.06	70.61	93.02	50.66	22.65	307.00
APW2	78.21	75.87	100.64	54.12	19.16	328.00
ASW1	66.47	71.76	95.17	51.65	27.95	313.00
AUH2	70.20	73.14	97.01	52.97	27.68	321.00
AUW1	54.88	63.71	84.43	46.20	30.78	280.00
DR1	0.00	201.60	147.36	131.04	0.00	480.00
FED1	50.64	54.51	72.15	39.77	23.93	241.00
H1	72.45	79.27	105.18	57.42	33.68	348.00
H2	70.38	77.82	103.25	56.10	32.45	340.00
PWT	78.21	75.58	100.26	54.12	19.83	328.00
SFT1	73.85	79.81	105.92	56.93	28.49	345.00

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