| ||AWB Pool Payment to Benefit Drought Affected Farmers|| ||
AWB will make its fourth 2005/06 National Pool distribution payment to eligible growers on Wednesday 17 January to ensure timely cash flow support to drought-affected Australian wheat farmers. The distribution amounts to $693 million FOB (GST exclusive).
The payment follows a pattern of good AWB export sales performance through 2006 and active customer representations to create the foundation for ongoing demand into the 2007 marketing year.
Despite vigorous international competition, AWB has continued to achieve healthy sales performance from its active marketing programs and commitment to product quality. An example is the benefit secured for Australian growers after delivering more than one million tonnes to become India’s dominant international supplier in 2006.
Following this fourth distribution payment there is approximately $1000 million equity on a Net basis to be paid to growers in future 2005/06 National Pool distributions, the timing of which will be advised.
Growers can access details about AWB Distributions or view their statements on-line. Alternatively, they can contact the Grower Service Centre on 1800 054 433 for more information.
Media contact: Darryl Hockey 03 9209 2544 or 0407 920 911
View 2005-06 AWB National Pool Fourth Distribution $AUD per tonne (PDF,63Kb)