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AWB Limited’s Domestic Trading arm advises growers that AWB’s Multi V contracts may be withdrawn in applicable port zones when harvest commences.
AWB will continue to provide fixed grade contract bids and cash at depot.
From now on the Multi V program will be withdrawn in applicable port zones when harvest commences.
The Multi V is a forward contracting option which gives growers maximum quality flexibility plus the accuracy of the Golden Rewards active payment system.
Growers wishing to take advantage of Golden Rewards can still deliver into one of AWB National Pool payment options.
The four AWB National Pool payment options are:
- Harvest Loan – an improved version of the popular Harvest Payment, with majority of cashflow at harvest via a loan based on 90% of nominated Estimated Pool Return (EPR), less estimated costs
- Advanced Payment – majority of cash at harvest in the form of a payment
- Deferred Payment – majority of cash in July, with some at harvest for working capital.
- Flexible Drawdown Loan – establishes a credit limit based on 90% of nominated EPR, less estimated costs, with a minimum of 20% of the limit automatically drawndown at harvest, and the ability to draw against the remainder as required.