Emerald 2008/09 pool update - June
17 June 2009
Emerald Group Australia (Emerald) today announced updates to its 2008/09 season estimated pool returns. Barley and canola pools remain unchanged however wheat estimated pool returns have been reduced following a continued appreciation of the Australian dollar.
- For the full WA release and current prices, click here
- For the full SA (non Eyre Peninsula) release and current prices, click here
- For the full NSW & QLD release and current prices, click here
- For the full NQWP prices release and current , click here
Emerald 2009/10 pool update - June
2 June 2009
Emerald today announced changes to its 2009/10 season estimated pool returns and Early Order Premium +PLUS offer for its wheat, barley and canola pools.
- For the full release and current WA prices, click here
- For the full release and current SA (non Eyre Peninsula) prices, click here
- For the full release and current NSW & QLD prices, click here
Emerald 2008/09 pool update - May
20 May 2009
Emerald today announced updates to its 2008/09 season estimated pool returns. Barley and canola pools are to remain unchanged however wheat estimated pool returns have been lowered slightly following a continued appreciation of the Australian dollar and selling pressure from other quality international markets.
Wheat - A sustained appreciation of the Australian dollar has pressured local grain markets and impacted on the Emerald 2008/09 wheat pool estimated pool returns (EPR) with a lowering of between $2 and $4 per metric tonne (mt) on all grades. While US futures have remained firm in recent times, in Australian dollar terms we have seen weakness across all grades.
Barley - Emerald has maintained all feed and malt barley pool returns despite the rising value of the Australian dollar.
Canola - estimated returns remain unchanged for both the number one and number two pools. Recent global conditions have led to stronger values which have assisted Emerald’s merchandising program for the pool.
For the full pool updates for each region, please click here.
First 2008/09 pool distributions paid
28 April 2009
Leading independent grain marketing company Emerald Group Australia (Emerald) announced today that it had paid the first distributions for its 2008/09 national pools.
Emerald’s Managing Director Mick Cattanach said that the marketing programs for all national pools were well under way with early barley sales a standout.
“An aggressive marketing campaign for the national barley pool capitalised on a favourable Australian dollar and resulted in higher early sales, said Mr Cattanach. “This in turn has meant that a higher first distribution of 39 per cent was able to be paid.”
“For wheat, our estimated returns and distributions remain consistent with our pre-harvest forecasts and have resulted in a 26 per cent distribution. Good progress has been made with the export program, particularly in the Western Australian noodle wheat varieties.”
“Our canola marketing program has also progressed well and, despite being impacted by a stronger Australian dollar, is benefiting from the recent rally in global oilseeds with a 23 per cent distribution paid,” said Mr Cattanach.
Second distribution payments for the 2008/09 pool are scheduled for July.
Emerald is about to open it’s Early Order Premium +Plus program for May with participants of the same pool last year set to receive up to $20 per metric tonne on top of the already strong estimated pool returns.
For the full media statements, click here
Emerald 2008/09 pool update
17 April 2009
Emerald Group Australia (Emerald) today announced changes to its 2008/09 estimated pool returns for barley and wheat amid a strengthening Australian dollar, decreased demand for barley and a weakening futures market in the United States. Canola pool estimates have remained unchanged.
Wheat - Emerald’s 2008/09 estimated pool return (EPR) for wheat has been adjusted slightly lower - by $2 per metric tonne (mt) across all grades (except noodle grades ANW1 & ANW2 – see below) to $325 FOB (APW2).
Barley - Emerald has maintained all feed barley pool returns despite the rising value of the Australian dollar, with spreads to malt barley narrowing by approximately $5 per metric tonne. An aggressive marketing campaign has contributed to the pool price stability.
Canola - Emerald’s canola pool returns have been maintained. The firmer Australian dollar has countered recent positive gains made by soybean and Canadian canola futures.
For the full pool update, please click here For the WA pool update, please click here
Emerald launches Early Order Premium +PLUS program for 2009/10
2 March 2009
Leading independent commodity manager Emerald Group Australia (Emerald) today announced the launch of its 2009 Early Order Premium +PLUS program.
Following strong estimated returns for the 2008 season, the Early Order Premium +PLUS program is tailored to Australian growers by offering a premium on pool returns as well as taking into account production risks.
Mick Cattanach, Emerald’s Managing Director said that last year’s Early Order +PLUS program participants will receive up to $25 per metric tonne on top of the premium pool price.
“As those growers who were part of our Early Order +PLUS program last year know, when they committed early they had peace of mind as they knew exactly what they were signing up for,” said Mr Cattanach.
“We know there are a lot of uncertainties for our growers, so our Early Order Premium +PLUS program offers them some certainty through a guaranteed minimum pool price, higher premiums on those minimum pool prices and a fixed contract cancellation cost,” Mr Cattanach said.
“We are offering a limited exclusive offer for those growers who delivered to us last year. And like last year, we expect to be oversubscribed this year so we are encouraging growers to sign up early.”
Emerald pioneered the pool contracting concept in the grain industry in 2005, following that with the introduction of the Early Order Premium +PLUS program in 2008.
For the full release please click here
