AWB National Pool has lowered new season Estimated Pool Returns (EPR), with weaker international wheat values and a firmer Australian dollar contributing to a decline in most pay grades.
EPR’s for the 2005/06 National Pool are down $3/t (FOB, GST exclusive), while the 2004/05 National Pool remains unchanged.
For the 2005/06 National Pool AWB Prime Hard (APH) fell to $225.50/t (FOB, GST exclusive) while AWB Premium White (APW) was reduced to $188/t. Meanwhile the EPR’s for durum and feed grades remain unchanged.
Acting General Manager, AWB International, David Johnson said the abundance of global wheat stocks had weakened the market over the past fortnight, which combined with a strengthening Australian dollar had put pressure on pool estimates.
“The international market remains extremely competitive, and as such prices have continued to come under pressure over the past fortnight,” Mr Johnson said.
“Over the past fortnight we have seen tenders from countries like Egypt attracting overwhelming interest, with sellers like Russia and France lowering their prices week on week.
“In addition, prices are being negatively affected by large wheat stocks in countries that traditionally look to import wheat around this time of year, most notably China,” Mr Johnson said.
He said that despite adverse market conditions EPR’s for the 2004/05 AWB National Pool remained unchanged highlighting the Pool’s high level of pricing coverage.
Estimated Pool Returns 2005-06 AWB National Pool (Number 1) ($/t FOB, GST exclusive)
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APH (13% protein 5% screenings 12.5% moisture)
|
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)
|
178.00
|
Down $3
|
|
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 $3
|
|
FEED (Flat protein, screenings and moisture)
|
158.00
|
Unchanged
|
|
APDR (13% protein 5% screenings 12.5% moisture)
|
237.50
|
Unchanged
|
|
APDB (13% protein 5% screenings 12.5% moisture)
|
242.50
|
Unchanged
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
202.00
|
Unchanged
|
Estimated Pool Returns 2005-06 AWB National Pool (Number 2) ($/t FOB, GST exclusive)
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APDR (13% protein 5% screenings 12.5% moisture)
|
230.00
|
Unchanged
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
190.00
|
Unchanged
|
Estimated Pool Return 2004-05 AWB National Pool (Number 1) ($/t FOB, GST exclusive):
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APH (13% protein 5% screenings 12.5% moisture)
|
217.50
|
Unchanged
|
|
AH (11.5% protein 5% screenings 12.5% moisture)
|
205.50
|
Unchanged
|
|
AUH (11.5% protein 5% screenings 12.5% moisture)
|
203.00
|
Unchanged
|
|
APW (10% protein 5% screenings 12.5% moisture)
|
197.00
|
Unchanged
|
|
APWT (10% protein 5% screenings 12.5% moisture)
|
203.00
|
Unchanged
|
|
ASW (10% protein 5% screenings 12.5% moisture)
|
192.00
|
Unchanged
|
|
AGP (10% protein 5% screenings 12.5% moisture)
|
190.00
|
Unchanged
|
|
FEED (Flat protein, screenings and moisture)
|
177.00
|
Unchanged
|
|
ASF1 (8.5% protein 5% screenings 12.5% moisture)
|
209.00
|
Unchanged
|
|
ASHP (Flat protein 5% screenings 12.5% moisture)
|
189.00
|
Unchanged
|
|
ASWN (10.5% protein 5% screenings 12.5% moisture)
|
204.00
|
Unchanged
|
|
APN (10.5% protein 5% screenings 12.5% moisture)
|
214.00
|
Unchanged
|
|
AUW/HPS (10% protein 5% screenings 12.5% moisture)
|
190.00
|
Unchanged
|
|
APDR (13% protein 5% screenings 12.5% moisture)
|
238.60
|
Final Equity
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
213.34
|
Final Equity
|
|
FEDS (Flat protein, screenings and moisture)
|
167.00
|
Unchanged
|
Estimated Pool Return 2004-05 AWB National Pool (Number 2) ($/t FOB, GST exclusive):
|
Pool Pay Grade Base Rate
|
Estimated Pool Return
|
Change
|
|
APH (13% protein 5% screenings 12.5% moisture)
|
202.50
|
Unchanged
|
|
AH (11.5% protein 5% screenings 12.5% moisture)
|
190.50
|
Unchanged
|
|
AUH (11.5% protein 5% screenings 12.5% moisture)
|
188.00
|
Unchanged
|
|
APW (10% protein 5% screenings 12.5% moisture)
|
182.00
|
Unchanged
|
|
APWT (10% protein 5% screenings 12.5% moisture)
|
188.00
|
Unchanged
|
|
ASW (10% protein 5% screenings 12.5% moisture)
|
177.00
|
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)
|
217.20
|
Final Equity
|
|
AGDR (10% protein 5% screenings 12.5% moisture)
|
190.10
|
Final Equity
|