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Australian Boosts Projected Wheat Returns
SYDNEY - Dec 3/07 - SNS -- The Australian wheat marketing board, AWB Limited, increased Estimated Pool Returns (EPRs) for the AWB Number 1 and Number 2 2007-08 National Pools following a continued strengthening of US futures and international cash prices over the past week.
The majority of the EPRs for the AWB 2007-08 Number 1 National Pool have increased by $8 per metric ton (MT) bringing benchmark APW to $408 MT. Feed and Durum EPRs remain unchanged.
The majority of EPRs for the AWB 2007-08 Number 2 National Pool have also increased by $12 MT bringing benchmark APW to $382 MT. There have been no changes to the 2006-07 National Pool EPRs.
AWB General Manager National Pool, David Johnson, said the 2007-08 National Pool delivery and marketing program is progressing well.
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