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AWB Closing First 2007-08 Pool
SYDNEY - Feb 4/08 - SNS -- The Australian wheat marketing board, SWB Limited, is closed its Number 1 2007-08 National Pool to protect the financial equity of growers who have delivered to that Pool.
The AWB Number 2 2007-08 National Pool is open across Australia's wheatbelt. AWB General Manager National Pool, David Johnson, said with harvest complete the Number 1 2007-08 National Pool had a total of approximately 4.3 million metric tons (MT) in wheat receivals, which is a good result in light of the drought.
"We have maintained all the Estimated Pool Returns (EPRs) in the Number 1 and Number 2 2007-08 National Pools," Johnson said. "There have also been no changes to the 2006-07 National Pool EPRs. While world wheat prices were well supported in the past fortnight this has been
offset by the rise in the Australian dollar."
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