AWB (International) Limited today announced increased estimates across most new crop pools as the harvest season winds to a close and total receivals and quality of the 2000/01 crop has been established.
Most new crop prices have increased by $5.50 a tonne GST inclusive.
AWB (International) Limited General Manager Peter Geary said he was confident with AWB’s hedging and sales program for the 2000/01 season, with international values consolidating at sustainable levels.
“Over the past few months, AWB has made some strong sales, and our shipping program is on target for this season,” said Mr Geary.
“As harvest right across the country is finalised, we can now accurately assess the total receivals and quality that we will be exporting for the coming 12 months, and as such, we can be more confident with our price signals to growers.
“International Free On Board values remain firm, however values for medium quality hard wheats have firmed in comparison to the higher protein grades.
“With this increase the spread between our top protein Prime Hard grade (13-14 per cent protein) and the Australian Hard price has narrowed,” said Mr Geary.
He said all estimates for the 1999/2000 (old crop) pools remained unchanged.
Golden Rewards matrices reflecting current pool returns are available from AWB’s Grower Service Centre on 1800 054 433 or from AWB’s website at www.awb.com.au
AWB (International) Limited’s pool estimates are released fortnightly. The next update will be released on Monday 5th March 2001 at 5pm EST.
For more information please contact Jo O’Connell in AWB Limited Public Affairs, (03) 9209 2555 or 0407 310 250.