AWB pool contract closes soon

by World Grain Staff
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MELBOURNE, AUSTRALIA — AWB will close its A$10 a tonne early commitment premium (ECP) for its 2010-11 season wheat pool in all Western Australian (WA) port zones Oct. 1, the AWB announced on Sept. 28.

AWB’s General Manager Commodities Mitch Morison said the WA contract had been extended for a week longer than all other states to assist growers with the difficult WA season.

"This is the final early commitment contract we will be offering for wheat this season, so I’d encourage any grower who wishes to take advantage of the A$10 a tonne pool premium that applies to contact their local AWB grain marketer or AWB’s grower services centre as soon as possible, as the contract must close on Friday," Morison said.

AWB’s current estimated pool returns (EPRs) in the western pool are A$383 a tonne for ANW1 noodle wheat, with benchmark grade APW wheat at A$353 a tonne (FOB, excl GST).

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