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 harvest have gone into warehousing, or to the CBH Group wheat pool. Industry sources estimate the AWB 2006-07 national wheat pool had so far received about 300,000 tonnes, between 7 per cent and 8 per cent of the forecast four million tonnes expected to be pooled this season. CBH Group says it has received a total of 2.1mt, of which 70 per cent, or 1.4mt, is wheat. CBH Group general manager operations, Colin Tutt, said growers were holding off making decisions until they were more certain of where they would receive the best return for their grain. “This is a reflection of the fact that growers are uncertain about which marketing strategy they should apply,” he said. AWB’s Peter McBride said AWB had provided security to its pool participants by protecting them against any legal costs incurred through the Cole Inquiry, lowering the base fee for managing the 2006-07 national pool by 40 per cent and capping its potential out-performance fee to $2/t. CBH Group are encouraging WA wheatgrowers to warehouse, offering free warehousing at their receival points until December 15.
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21/11/2006 - 21:00
Growers look to warehouse wheat
21/11/2006 - 21:00
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