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ABB Oat, Pulse Distribution
SYDNEY - Jun 23/04 - SNS -- The Australian barley board (ABB Grain Ltd) is making its first distributions on deliveries into its 2003-04 marketing pools for oats and pulses.
For all commodities involved, growers who elected the Extended Pool payment option will receive the distribution as a straight payment.
The distribution amount for growers who elected the Standard Pool payment option will be used to fully repay the harvest loan provided to growers at the time of delivery, with growers to receive the balance in the bank. As the loan will be fully retired, future distributions will be received as a straight payment.
Growers who elected the Traditional Pool payment option will receive a straight payment for their grain at the same time the distributions are made.
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