| ||AWB Clarifies Guaranteed Pool Return|| ||
AWB Limited’s Chief Executive, Andrew Lindberg, today clarified AWB Limited’s Guaranteed Pool Return (GPR).
“We understand there is confusion surrounding AWB National Pool Harvest Payment which provides a GPR and cash flow at harvest.
“The GPR is 81.8% of the Estimated Pool Return ($/t FOB GST exclusive) announced on the 5th November 2001.
“However, when calculating cash flow at harvest for growers our starting point is 90% of the Estimated Pool Return ($/t FOB GST exclusive).
“Compared to last year, growers selecting the Harvest Payment will see a relative increase in their cash flow.
“We apologise for contributing to this confusion,” said Mr Lindberg.
Should growers wish to discuss individual circumstances or require further clarification they should contact their local AWB Area Office or the AWB Grower Services Centre on 1800 054 433.