| ||Pool estimates reach new highs|| ||
AWB National Pool estimates have increased further with significant increases in new season estimates reflecting a sensitive and volatile world wheat market.
General Manager AWB National Pool Sarah Scales said 2002/03 Estimated Pool Returns (EPR’s) had been increased by between $15 - $22/t, with APW up $15/t to $297/t (FOB, GST exclusive) and APH up $22/t to $331.50/t.
Durum estimates have increased by $20/t, with ADR1 now at $338/t.
EPR’s for 2001/02 have also lifted with most pay grades increased by $3/t - APW to $254/t and APH to $288/t.
Ms Scales said fundamental drivers for the market remained the production concerns in key exporters, particularly with some harvest and quality concerns in some North American crops.
"The US futures market has been a roller-coaster ride during recent weeks as it remains highly sensitive to crop fortunes around the globe, which continues to present challenges for pricing and hedging decisions," Ms Scales said.
Ms Scales said AWB had this week established a 2002/03 AUH pay grade for hard wheat with high screenings, which is currently estimated at $307/t, based on 11.5% protein.
AWB has also opened ASWS in WA, which is a low protein varietal pay grade for ASWN varieties.
The next AWB National Pool update will be released at 5pm, Monday, October 14th.
AWB National Pool EPR's