AWB’s 2008/09 wheat pool estimated returns are holding steady for all major grades.

The No.2 durum pool has firmed considerably, with estimated returns increasing by $65 a tonne for DR1, 2 & 3.

Additional good news is that AWB Harvest Finance has cut interest rates on all current pool finance products by 0.8%, effective from 12 February.

AWB General Manager Australian Commodities Stuart Richardson said that the durum estimate had increased due to firm domestic market values and stronger interest from international markets.

“Our initial pricing on the No.2 durum pool was very conservative in a very illiquid market, however since then we have had good interest from growers, which has firmed our view on available volume. Adding this to customer demand has given us more confidence in pricing, which is why DR1, for example, is now up at $470 a tonne FOB,” Mr Richardson said.

“We have been making good sales of all our major milling wheat grades, which is why pool returns are holding steady and have not been reduced by bearish factors evident in the market or the volatile dollar.

“We have strong interest from customers ahead of North American and European crops coming to the market later in the year; the challenge is to manage the logistics issues around Australia, which we are working on.”

AWB reminds growers that the No.2 durum pool will close on 17 February and any of AWB’s other 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:  Ian Desborough on 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)	$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    $0
EASTERN POOL - Estimated Number Two Pool Return 2008/09 AWB Pool ($/t FOB, GST exclusive):
Pool Pay Grade Base Rate	Estimated Pool Return	Change
DR1 (Flat protein)	$470	Up    $65
DR2 (Flat protein)	$445	Up    $65
DR3 (Flat protein)	$390	Up    $65
ADRF (Flat protein)	$265	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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