EPR Adjustments for 2022/23 Deferred Sales Pool
The Barley Deferred Sales Pool EPR has been increased by A$15 and malt spreads have been increased by A$35-40
The Barley Deferred Sales Pool EPR has been increased to reflect the ongoing execution of pre-existing sale commitments to China. As touched on in previous announcements, pool management withheld increasing the EPR until such time that sales to China that were made within the pool progressed and were successfully executed. Pool management have also added a A$35-40 malt spread to reflect malt values that have been achieved on international sales.
The Wheat Deferred Sales Pool EPR has been increased by A$10
The Wheat Deferred Sales Pool EPR has been further increased to reflect the ongoing execution of pre-existing sales and further sales commitments that have been made to South East Asian customers at levels that are supportive of the pool EPR. Since the last increase pool management have been able to add further foreign-exchange hedging at levels that are favourable to the pool EPR.
The Canola Deferred Sales Pool EPR has been increased by A$10
The Canola Deferred Sales Pool EPR has been increased by A$10 to reflect sales commitments that have been made to customers in Europe and Mexico at levels that are supportive of the pool EPR.
First distribution payments for the Deferred Sales Pool will be made on the 18th October 2023 for all commodities and the above EPR changes will be included in this payment. For more information, please refer to the Pool Calculator or the Pool Payment Estimator.