GROWERS remain cautious about how to market this year's wheat crop, according to WA grain handler CBH Group, with figures indicating that more than 70 per cent of total tonnages received so far this h
AWB International has used its veto power to reject a bulk export licence application from Co-operative Bulk Handling Group, protecting wheat growers delivering to the National Pool, while leaving WA wheat growers with few options.
West Perth-based CBH Group has posted a profit of $61.4 million for the 2004-05 financial year, at the same time revealing its total assets were over $1 billion.
CBH Group has re-submitted its application to the Wheat Export Authority to supply Western Australian wheat to its Interflour mills in Indonesia, Malaysia and Vietnam.
Wheat export monopoly AWB Ltd has rejected a bid by CBH Group to sell bulk quanitities of the commodity overseas, a move the Western Australian grain handler claims will cost farmers.
The CBH Group has sold one its subsidiary companies, Bulkwest Logistics, acquired by Patrick Corporation. The price has not been disclosed at this stage.
Perth-based agribusiness cooperative CBH Group has ventured into the South Australian market through a marketing venture with agribusiness company Elders.
WA GRAIN handler Cooperative Bulk Handling has been given the green light to present its corporate restructure proposal to growers at a shareholder meeting on September 29.
