CBH urged to release market information

30 Jul, 2009 02:00 AM
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Australian Grain Exporters Association director Alick Osborne said more transparency was needed from CBH in WA, to assist the new marketing conditions.
Australian Grain Exporters Association director Alick Osborne said more transparency was needed from CBH in WA, to assist the new marketing conditions.

THE Australian Grain Exporters Association has weighed into the debate regarding the need to release market intelligence on grain stocks in WA, and throughout markets in Australia.

Australian Grain Exporters Association (AGEA) director, Alick Osborne, said more transparency was needed from CBH in WA, to assist the new marketing conditions.

Mr Osborne said grain exporters would like to see clearer information provided on grain production, available stocks, grain exports, and export pace, for the entire industry.

"I think it's important for the Australian industry that people can work out whether the stock they are holding is a big or small proportion of what's left in the country," he said.

"It's important for a domestic user to know how much grain is left or if they only have a few months coverage or if there is enough grain available for them to use until the next harvest.

"And for the confidence of the exporter to put on sales, if one of the bigger ticket buyers wants to come in and get set for volume, we need to have some ability to work out where that grain is, and what price we can access it at in order to price and serve that customer."

Mr Osborne said the release of accurate stock information would provide clearer market signals for growers.

"I think it's important for growers to know when there is a heavy stock of grain within Australia and it's important for growers to know when supply and demand is tight," he said.

"And they can make their marketing decisions accordingly.

"They might see a tightening of supply and demand and rapidly reducing stocks in Australia and determine that for their enterprise it's viable to hang onto some of the grain they have in warehouse or in on farm storage.

"Conversely they might see that stocks are very large and that it may have a depressing impact on prices in the future and decide to move something earlier at the current price."

Mr Osborne said the situation was the same in other states around Australia.

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READER COMMENTS

Dx
30/07/2009 11:41:01 AM, on Farm Weekly

CBH store and handle grain on behalf of growers / aquires it is NOT their information. Prior to nomination growers own the grain and it is their right to retain or disclose information on stocks. Are the markerters going to open up their order books/ stocks aquired for the grower to scrutinise, I think not. Transparency works both ways

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