| ||AWB secures valuable Prime Hard wheat agreement|| ||
Exports of Prime Hard wheat to Japan for the coming year have been secured following the signing of a supply agreement in Tokyo today.
The agreement between AWB Limited and the Japan Food Agency (JFA) sets a minimum target with AWB expecting sales of more than 200,000 of premium quality Prime Hard wheat this calendar year.
Mr Lindberg and AWB Chairman Trevor Flugge were in Japan for the contract negotiations. The agreement was signed by Mr Flugge and Mr Nakagawa of the Japan Food Agency.
AWB Limited Chief Executive Andrew Lindberg said the long term relationship between Australian wheat growers and Japanese consumers was cemented in the yearly agreements.
“The value of the consistent supply of high quality Prime Hard wheat is clearly demonstrated in the agreement between AWB and Japan Food Agency,” Mr Lindberg said.
“Each year Australian wheat growers, through their company AWB Limited, supply high quality Prime Hard wheat for the manufacture of premium quality Ramen noodles”
Mr Lindberg said that to maintain the price premiums Australian growers had to continue to provide consistent quality and supply to Japan.
The East Coast’s difficult harvest last season, which resulted in lower receivals of Prime Hard, had caused some concern in Japan on our ability to supply. This year’s agreement is a very good result given our smaller crop and a depressed economic environment in Japan.
AWB will also supply around 900,000 tonnes of high quality noodle wheat from Western Australia for Udon noodle production.
For more information please contact Paul Ryan – AWB Limited Public Affairs. Telephone 03 9209 2098, 0408 347 282.