| ||New season pool estimates reduced|| ||
AWB has revised its Estimated Pool Returns (EPRs) for the 2003 AWB National Pool on the back of a weaker international market, but has kept 2002 EPRs unchanged.
The EPR for the majority of new season milling grade was reduced by $8 per tonne, taking APW to $210/t (FOB, GST exclusive) and APH at $235.50. ASWN was reduced by $10/t to $224/t, while durum remain unchanged, with APDR at $271/t.
The EPR for the 2002, No. 1 Pool APW is unchanged at $251/t.
General Manager AWB National Pools, Sarah Scales, said US futures had undergone a significant correction in the past couple of weeks.
“In the past fortnight Chicago wheat futures have fallen by the equivalent of A$15 per tonne, and at the same time we have seen a significant strengthening of the Australian dollar, ” Ms Scales said.
“Also influencing prices is the fact that we are now expecting a larger Australian crop, and therefore, a larger National Pool for 2003,” Ms Scales said.
The next Pool revision will be September 29th at about 4pm.
For further information contact Ryan McKinlay on (03) 9209 2324 or 0408 347 282
New season pool estimates reduced (PDF 9 Kb)
With free Adobe Acrobat Reader® software, you can view, download and print PDF files