AWB National Pool has made a number of revisions to 2005/06 Estimated Pool Returns (EPRs), reflecting the current lack of support for wheat prices in the international market.
General Manager AWB International, Sarah Scales, said despite international hard and soft wheat prices falling by up to $6/tonne in the past week, AWBs sound management and hedging programs resulted in a reduction in new season EPRs of only $3/tonne.
She said base rates had been lowered for most 2005/06 pay grades, with APH down $3/t to $225.50/t (FOB, GST exclusive). Benchmark APW is down $3 to $188/t, while top grade durum, APDR is unchanged at $234.50/t.
Australian Soft wheat ASF1 has been reduced by $4/t to $180/t (FOB, GST exclusive).
AWB has made some minor adjustments to the Golden Rewards protein scales for the 2005/06 AWB National Pool, increasing discounts for hard wheat pay grades with protein levels between 6% and 10%.
Meanwhile there has been no change to EPRs for the 2004/05 AWB National Pool.
Ms Scales said the pool prices reflected declining in US wheat futures values, which have come under recent pressure from increased global wheat production.
“The US Department of Agriculture recently released its latest supply and demand report which increased global 2005-06 wheat production estimates significantly,” Ms Scales said.
“These revisions follow increased production numbers for Australia, Canada and China, andsaw US March wheat futures hit new contract lows on Friday.
“Adding further pressure to market is the general lack of positive global exports news and a strengthening Australian dollar.”
Despite these challenges, the AWB National Pool has managed to lower the exposure to growers and protect the value of the national pool.
Ms Scales also reminded growers that the Guaranteed Access Dates for the 2005/06 Pool were nearing at Brisbane, which is scheduled to close from December 14, 2005.
She urged growers who want to guarantee access to the 2005/06 No 1 Pool to arrange for their wheat to be delivered to the National Pool as soon as possible.
The next AWB Pool Update will be on the 19th December 2005. The following update will be January 3 2006.
Estimated Pool Returns 2005-06 AWB National ($/t FOB, GST exclusive)
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APH (13% protein 5% screenings 12.5% moisture)
|
225.50
|
Down $3
|
|
APHP (13% protein 5% screenings 12.5% moisture)
|
230.50
|
Down $3
|
|
AH (11.5% protein 5% screenings 12.5% moisture)
|
202.00
|
Down $3
|
|
AHP (11.5% protein 5% screenings 12.5% moisture)
|
207.00
|
Down $3
|
|
AUH (11.5% protein 5% screenings 12.5% moisture)
|
199.50
|
Down $3
|
|
APW (10% protein 5% screenings 12.5% moisture)
|
188.00
|
Down $3
|
|
APWT (10% protein 5% screenings 12.5% moisture)
|
194.00
|
Down $3
|
|
ASW (10% protein 5% screenings 12.5% moisture)
|
173.00
|
Down $3
|
|
AGP (10% protein 5% screenings 12.5% moisture)
|
168.00
|
Down $3
|
|
AUW (10% protein, 5% screenings, 12.5% moisture)
|
168.00
|
Down $3
|
|
ASF1 (8.5% protein 5% screenings 12.5% moisture)
|
180.00
|
Down $4
|
|
ASWN (10.5% protein 5% screenings 12.5% moisture)
|
188.00
|
Down $3
|
|
APN (10.5% protein 5% screenings 12.5% moisture)
|
202.00
|
Down $3
|
|
FEED (Flat protein, screenings and moisture)
|
153.00
|
Unchanged
|
|
APDR (13% protein 5% screenings 12.5% moisture)
|
234.50
|
Unchanged
|
|
APDB (13% protein 5% screenings 12.5% moisture)
|
239.50
|
Unchanged
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
199.00
|
Unchanged
|
Golden Rewards protein scale changes – 2005/06 AWB National Pool
|
|
APH
|
|
APHP
|
|
AH
|
|
|
Protein Range%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
|
6 to 10
|
(0.10)
|
(1.30)
|
(0.10)
|
(1.30)
|
(0.10)
|
(1.30)
|
|
|
|
|
|
|
|
|
|
|
AHP
|
|
APW
|
|
|
|
|
Protein Range%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
|
|
|
6 to 10
|
(0.10)
|
(1.30)
|
(0.10)
|
(1.30)
|
|
|
|
|
|
|
|
|
|
|
|
|
ASW
|
|
AGP
|
|
AUW
|
|
|
Protein Range%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
Change per 0.1%
|
premium/ (discount) per 0.1%
|
|
6 to 10
|
(0.10)
|
(1.30)
|
(0.10)
|
(1.30)
|
(0.10)
|
(1.30)
|
Estimated Pool Return 2004-05 AWB National Pool (Number 1) ($/t FOB, GST exclusive):
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APH (13% protein 5% screenings 12.5% moisture)
|
218.50
|
Unchanged
|
|
AH (11.5% protein 5% screenings 12.5% moisture)
|
206.50
|
Unchanged
|
|
AUH (11.5% protein 5% screenings 12.5% moisture)
|
204.00
|
Unchanged
|
|
APW (10% protein 5% screenings 12.5% moisture)
|
198.00
|
Unchanged
|
|
APWT (10% protein 5% screenings 12.5% moisture)
|
204.00
|
Unchanged
|
|
ASW (10% protein 5% screenings 12.5% moisture)
|
193.00
|
Unchanged
|
|
AGP (10% protein 5% screenings 12.5% moisture)
|
190.00
|
Unchanged
|
|
FEED (Flat protein, screenings and moisture)
|
174.00
|
Unchanged
|
|
ASF1 (8.5% protein 5% screenings 12.5% moisture)
|
209.00
|
Unchanged
|
|
ASHP (Flat protein 5% screenings 12.5% moisture)
|
189.00
|
Unchanged
|
|
ASWN (10.5% protein 5% screenings 12.5% moisture)
|
204.00
|
Unchanged
|
|
APN (10.5% protein 5% screenings 12.5% moisture)
|
214.00
|
Unchanged
|
|
AUW/HPS (10% protein 5% screenings 12.5% moisture)
|
190.00
|
Unchanged
|
|
APDR (13% protein 5% screenings 12.5% moisture)
|
239.00
|
Unchanged
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
210.00
|
Unchanged
|
|
FEDS (Flat protein, screenings and moisture)
|
164.00
|
Unchanged
|
Estimated Pool Return 2004-05 AWB National Pool (Number 2) ($/t FOB, GST exclusive):
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APH (13% protein 5% screenings 12.5% moisture)
|
203.50
|
Unchanged
|
|
AH (11.5% protein 5% screenings 12.5% moisture)
|
191.50
|
Unchanged
|
|
AUH (11.5% protein 5% screenings 12.5% moisture)
|
189.00
|
Unchanged
|
|
APW (10% protein 5% screenings 12.5% moisture)
|
183.00
|
Unchanged
|
|
APWT (10% protein 5% screenings 12.5% moisture)
|
189.00
|
Unchanged
|
|
ASW (10% protein 5% screenings 12.5% moisture)
|
178.00
|
Unchanged
|
|
AGP (10% protein 5% screenings 12.5% moisture)
|
174.00
|
Unchanged
|
|
ASF1 (8.5% protein 5% screenings 12.5% moisture)
|
191.00
|
Unchanged
|
|
ASWN (10.5% protein 5% screenings 12.5% moisture)
|
188.00
|
Unchanged
|
|
APN (10.5% protein 5% screenings 12.5% moisture)
|
198.00
|
Unchanged
|
|
AUW/HPS (10% protein 5% screenings 12.5% moisture)
|
174.00
|
Unchanged
|
|
APDR (13% protein 5% screenings 12.5% moisture)
|
217.00
|
Unchanged
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
188.00
|
Unchanged
|