CBH offers $15/t early contract bonus for canola

26 Jun, 2008 02:48 PM
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CBH's Grain Pool is offering an early contract bonus of $15 per tonne to all growers looking to contract into its No.1 canola pool.

Rob Dickie, Grain Pool marketing manager for canola, said the $15/t bonus delivers greater returns to growers for their early commitment to the pool.

"The Early Contract Bonus enables us to identify the tonnage under management earlier in the year and inturn, we are able to take advantage of favourable market conditions prior to and during harvest," Mr Dickie said.

"The bonus is guaranteed above the traditional No. 1 Canola Harvest Pool equity and includes a set washout fee of $20/t, providing growers with a greater understanding of their production risk."

Mr Dickie said that the Early Contract Bonus is a planned approach to marketing grain.

"The grain industry environment has changed dramatically over the past few years and with this change, it has been necessary to review the nature and operations of our traditional pools," he said.

"This initiative is just one of the new options we will introduce for growers this year, to ensure that we continue to provide a range of viable marketing options to suit their changing business needs in this new environment."

The Early Contract Bonus is only available for a limited tonnage, so growers are encouraged to get in quick, as the offer can end at any time.

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