| ||Pools unchanged in quieter market|| ||
AWB National Pool has kept both old and new season Estimated Pool Returns unchanged, following a relatively flat week in international wheat markets.
General Manager AWB National Pool Sarah Scales said there had been little change in market fundamentals during the week, with the US futures easing slightly over the period due largely to slow export sales from the US.
Ms Scales said the US Department of Agriculture (USDA) had delivered a generally market neutral World Agricultural Supply and Demand report during the week, which contained minor reductions in the USDA’s projected global production and ending stocks from the previous month’s forecast.
Estimates for 2002/03 APW remain at $283 per tonne (FOB, GST exclusive), with APH at $322/t, ASWN at $314/t and ADR1 at $353/t.
The next AWB National Pool update will be released at 3pm Monday 23rd December 2002.
AWB National Pool tables