AWB opens high protein, high screenings Pool
AWB (International) Limited has opened its 2001/02 AUH varietal pool in response to expectations of higher screenings wheat this harvest.
The Australian Utility Hard Pool was first introduced last year, in order to capture higher protein grain that fell outside screening requirements for Australian Hard (AH) and Prime Hard (APH) varietal pools.
Price estimates for the AUH varietal pool are currently $253.50 per tonne (fob, GST exclusive), at a base rate of 11.5% protein, and 5% screenings, representing a $7/t discount to the Australian Hard varietal pool.
Growers will also be rewarded for protein above 11.5%, under AWB’s Golden Reward program (see table below).
AWB (International) Ltd General Manager Sarah Scales said after establishing the AUH Pool last year, AWB was able to successfully market the grain to numerous international destinations, and was confident of being able to do so again this year.
“With harvest about to start in earnest we now have a better idea on the state of the national crop, and are expecting some higher screenings wheat in parts of the country,” Ms Scales said.
AUH segregations will opened at individual sites depending on grower requirements, storage capacity and the volume of AUH grain expected to be harvested in various regions.
AWB has also announced the closure of its 2000/01, Number One Pools for New South Wales, Western Australia and South Australia from 5pm today.
The 2000/01 pools have already been closed in Queensland, where harvest is well underway.
In NSW, WA and SA all wheat will now be delivered to the 2001/02 National Pool.
AUH Golden Reward payments:
Protein range % AUH2 premium/discount per 0.1pc, $/t
11.5 – 12 0.50
11.5 – 12 0.50
12.1 – 12.5 0.60
12.6 – 13 0.65
13.1 – 14 0.75
For further information contact Peter McBride on (03) 9209 2174 or 0417 662 451.