| ||AWB closes 2005/06 Durum Pool in NSW and QLD || ||
AWB has announced the closure of the 2005/06 Number 1 APDR, AGDR and APDB National Pool effective from 5pm (AEST) today for port zones in New South Wales and Queensland.
The 2005/06 Number 1 Durum Pool is now closed in the port zones of Newcastle in NSW and Brisbane and Gladstone in QLD.
National Pool Manager David Johnson said the decision to close the pool was made in consultation with the durum industry to assist in making marketing decisions to the benefit of growers returns.
"This allows the National Pool to expedite the determination of tonnage and quality which facilitates marketing during the optimal period," Mr Johnson said.
"The 2004/05 Durum pool was finalised and paid out following four distributions and we will endeavour to finalise the 2005/06 durum pool in a similar fashion," Mr Johnson said.
Australia has the primary marketing window for durum in the first six months of the year, unlike the Northern hemisphere crop.
AWB(I) has also opened a No 2 Durum pool in Newcastle and Brisbane, with an Estimated Pool Return (EPR) at $230 FOB for APDR and $190 FOB for AGDR. There will not be a No 2. APDB pool opened.
AWB reminds growers that Guaranteed Access Dates in other states are also approaching. After this time, the Number 1 National Pool may close for deliveries without further notice.
It is important for growers to transfer their wheat quickly from warehousing into the AWB National Pool, as it helps the movement of grain and assists in obtaining important quality information for AWB's international marketing program.