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 WEA quiet on wheat licenses 

WEA quiet on wheat licenses

20/08/2008 3:54:00 PM
WHEAT growers are still waiting to know which grain trading companies will get a bulk export wheat licence this harvest under the Federal Government's amended wheat marketing legislation.

Wheat Exports Australia (WEA) is scrutinising applications from various grain marketers to ensure they meet the stringent criteria set out in the Wheat Marketing Act.

However, on Monday the statutory authority was still considering and processing applications under a process that started on July 1.

When contacted, WEA could not say when the successful applicants would be announced.

Industry speculation has suggested WEA has received more than 50 applications in three month from a range of local and international grain marketing companies including ABB, Emerald, CBH and the AWB.

When asked last week, the WEA was unable to confirm the number of applications or give a date when successful applications would be announced.

With many WA wheat crops readying for harvest, an announcement of accredited traders takes on greater importance, with many growers now looking to make selling decisions over the next few months.

The recent fall on value of the Australian dollar has also placed pressure on grain markets.

Growers are now looking to take advantage of the resulting price hikes and lock in some volume on contracts.

But they remain unsure about exactly who they can deal with in the deregulated market now the AWB is no longer managing a national wheat pool.

WA Grain Group spokesperson Ray Marshall said time was important.

Mr Marshall said WEA would be going over the applications with a "fine tooth comb" and would be aware of the importance of soon making accreditation details available to growers and the public.

"Growers want to know who they can deal with," Mr Marshall said.

WEA acting chief executive officer Peter Woods said he was aware of the situation but would not make any comment on how many export accreditation applications are currently being processed or when they will be announced.

"In considering applications, WEA will not comment publicly on any application received or provide details relating to the identity of applicants," Mr Woods said.

He said this information was commercial and in confidence.

Mr Woods said applications could be lodged at any time.

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Comments


Date: Newest first | Oldest first
Farmers should ensure their buyer is providing confirmed letters of credit to the value of their contracts before delivering any grain this harvest. This will ensure the farmer isn't left holding the costs when these "traders" fall over in the deregulated system they so desperately fought for. Be aware.
Posted by bazza on 21/08/2008 12:07:55 PM

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