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Australia - AWB deal aims to lower grain freight costs
Weekly Times (Australia), December 24, 2003
WHEAT marketer AWB Limited has joined forces with West Australian bulk handler and marketer CBH to cut grain freight costs.
The companies have established Grain Direct, a jointly owned company which aims to progress efficiencies in grain movements to port.

The joint venture hopes to see freight rates drop by $3.30 a tonne within five years.
AWB chairman Brendan Stewart and CBH chairman Allan Watson said establishment of Grain Direct followed extensive negotiations between both companies since February this year.

In a joint statement, the two chairmen said both companies would seek approval by the relevant government authorities, including the Australian Competition and Consumer Commission.

"The business activities of Grain Direct will include the management of grain logistics in Western Australia for AWB, negotiation of contracts with logistic service providers and monitoring the performance of those contracts for AWB," they said.

"Grain Direct will, in turn, sub-contract to CBH the day-to-day grain logistic management in Western Australia."

AWB spokesman Peter Hargreaves said the new joint venture would maximise grain logistics to the benefit of both parent companies.

Mr Hargreaves said it was the first agreement reached between AWB and a bulk handler with commercial objectives set.
MGR Archive 24.12.2003
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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