CBH Grain has delivered the first distribution payment to growers who participated in its 2009-10 Harvest Pool for Wheat and opted for the Distribution, Harvest or Flexi Loan payment methods.
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The payment was deposited into participating growers’ bank accounts or against outstanding loan accounts on Friday, April 9.
CBH Grain’s manager for eastern Australia, Chris Ayers, said this included a first distribution payment of $56.40 per tonne for the SA Harvest Pool and $56.90/t for the Victorian Harvest Pool based on deliveries of APW1 grade to the 2009-10 No.1 Harvest Pool for Wheat.
“Our export sales program is progressing well,” Mr Ayers said.
“The South East Asian region is making up about 30 percent of the sales to date and sales into the Middle East are expected to pick up in the next few months.
“Our Harvest Pool for Wheat was well supported by South Australian growers during the 2009-10 season and it received strong interest in its first harvest open for Victorian growers.”
Mr Ayers said that based on APW1 grade, the current Estimated Pool Return (EPR) for the South Australian Wheat Pool is $250/t.
The current EPR for the Victorian Wheat Pool is $252/t.
