On the back of excellent grain quality and a strong sales and shipping program, AWB (International) Limited (AWBI) has again lifted estimates for 2001/02 durum grades in today’s revision of the National Pool.
While AWBI has made a number of changes to both old and new season Pools, the biggest changes this week were to the new crop durum estimates, with ADR1 and ADR3 increasing by $5 per tonne (GST exclusive) to $346/t and $281/t respectively, and ADR2 lifting by $7.50/t to $302.50/t.
AWBI General Manager Sarah Scales said the increase in estimates came after some good recent durum sales by AWBI, and was further positive news in what was proving an excellent season for durum growers.
“As well as an increase in base rate, we have been able to lift the protein scales for ADR2 and ADR3, which is really a reflection of the excellent quality of grain in those grades, and the fact that they are now commanding excellent price premiums as a result,” Ms Scales said.
“The catch-all durum binning line, ADR4, has also been increased, with estimates lifted by $10/t as a result of good quality and smaller than anticipated receivals into that grade.”
Ms Scales said this season’s big noodle wheat crop was the reason for the $2/t reduction in ASWN estimates for 2001/02.
“The export availability for noodle wheat is nearly double last year’s, meaning we will exceed what is required for our premium markets.”
“Despite the revised Pool estimates, new season ASWN, at $280/t, is still the highest returning non-durum grade,” Ms Scales said.
Other changes to the 2000/01 estimates include a $1/t increase for APH, AH and AUH, a $1/t drop in ASWN and a $2/t reduction for Feed.
AWBI has also made a number of refinements to the Golden Reward protein scales for both the 2001/02, and 2000/01 National Pool.
The next Pool Update will be issued on Monday 4th February 2002, at 5pm.