| ||Durum prices go up again|| ||
AWB (International) Limited today increased new crop durum estimates for the second week running as world values for durum wheat continued to firm.
Peter Geary, AWB (International) Limited General Manager said despite increased world production, particularly in Canada and the US, there would be limited supplies of high quality durum available this year.
“Our early harvest quality results look promising for all grades of durum, which means Australia should be well placed to fill the demand for premium product,” said Mr Geary
“Also supporting the price outlook is the recent weakening of the US dollar against the currencies of importing countries.
“Since most grain transactions are made in US dollars, the recent high US dollar had been causing some buyers to delay their quality durum purchases or look at cheaper alternatives. The lower US dollar will now make imports of high quality durum more attractive,” Mr Geary said.
All other pool estimates, for both old and new crop, remain unchanged.
Golden Rewards matrices reflecting current pool returns are available from AWB’s new poll fax service on 1902 910 020, the Grower Service Centre on 1800 054 433 or from AWB’s website at www.awb.com.au
The next pool update will be released on Monday, 18th December 2000.
For more information please contact Jo O’Connell at AWB Limited Public Affairs, (03) 9209 2555 or 0407 310 250.
Pool Update tables