| ||AWB Closes 2005/06 Durum Pool in NSW, VIC, SA and WA|| ||
AWB has announced the closure of the 2005/06 Number 1 APDR and AGDR National Pool effective from 5pm (AEST) today for port zones in NSW (Port Kembla), Victoria, South Australia and Western Australia.
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 grower 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 before the Northern Hemisphere crop is harvested.
AWB(I) has opened a No 2 Durum pool with an Estimated Pool Return (EPR) at $230 FOB for APDR and $190 FOB for AGDR.
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.