Fifty thousand tonnes of premium Australian wheat is about to set sail for the Middle East, aboard a brand new Panamax vessel loaded today by AWB Limited.
The 75,000 tonne ship Pearl of Abu Dhabi, fresh from the ship yard in Tokyo, is among the largest grain ships used from Australia, and was loaded with is first ever cargo in the presence of the Middle Eastern wheat buyers, and the ship’s new owners.
Also on hand to witness the loading at the Port Kembla grain terminal in New South Wales, were some of the state’s wheat growers who produced the grain.
AWB General Manager International Sales and Marketing Michael Long said the 50,000 tonne wheat shipment represented a key strategic sale into a significant market for the Australian wheat industry.
“The Middle East region is a major market for Australian grain, and AWB has developed long standing relationships with a number of buyers which have remained in place despite some of the difficulties in the region,” Mr Long said.
Forty thousand tonnes of the wheat has been purchased by Emirates Flour and Animal Feed Factory, Abu Dhabi, while 10,000 tonnes of the vessel’s cargo is destined for National Flour Mills in Dubai.
“The Emirates Flour and Animal Feed Factory is a major customer for AWB, with whom we have carved an excellent trading relationship over many years based on the supply of clean, dry, white Australian wheat,” Mr Long said.
“Similarly, National Flour Mills in Dubai is owned by the Al Ghurair family, which is one of the most influential business families in the Gulf. We have enjoyed a long relationship with the Al Ghurair family, and we are excited about the future opportunities we can develop from that for Australian grain growers,” Mr Long said.
Mr Long said those opportunities would be best capitalised through the Single Desk market system.
“Through the Single Desk system of wheat marketing, we can deliver a consistent, quality wheat product, and one that returns producers of the grain top value for their product,” Mr Long said.