| ||AWB quick to demonstrate flexibility as the WA harvest gears up|| ||
As the WA wheat harvest begins in earnest, the AWB National Pool has been quick to demonstrate its responsiveness and flexibility by increasing the screenings tolerance on its AWB Australian General Purpose (AGP) wheat segregation from 10% to 15% in WA.
General Manager AWB National Pools, Sarah Scales, said AWB was mindful of the challenges of managing a harvest with the potential to yield a bumper crop.
"Early indications are that screenings could be a problem and rather than growers facing their AGP wheat over 10% screenings being discounted by some $27 per tonne (based on current Estimated Pool Returns) to the Feed grade we’ve established this segregation early to ensure we can optimise value creation for growers who pool their wheat," said Ms Scales.
"By increasing the tolerance for screenings to 15% on an existing segregation we also eliminate the need for CBH to create a new segregation thereby helping CBH optimise the logistical capacity of their system," said Ms Scales.
The new binning line will be called GPS with returns being the same as AGP at the benchmark rate with screening discounts to apply from 10% to 15%.
The AGP and GPS segregations are currently forecast to return $195 per tonne FOB at 10% protein, 5% screenings and 12.5% moisture.
This decision comes quickly on the back of AWB’s decision to establish an Australian Utility Hard (AUH) varietal pool a few weeks ago as a mechanism to capture higher protein high screenings wheat. The AUH segregation has increased screening to 15% and hectolitre test weight of 71 kg/hl rather than 74.
The AUH segregation is currently forecast to return $219.50 per tonne FOB at 11.5% protein, 5% screenings and 12.5% moisture.