EPR Adjustments for 2023/24 Canola Harvest Pool

The 2023/24 Canola Harvest Pool EPR has been decreased by A$10

Global canola and oilseed markets continue to be under pressure, impacted by strong harvests in Brazil and expectations of a strong harvest in Argentina. This resulted in both the ICE Canola futures and the Matif Rapeseed futures decreasing significantly over the past months. As the pool has already sold some of its stocks in fixed-price sales and hedged some remaining exposures with futures, the pool isn’t fully impacted by the market move. However, the remaining unhedged exposures still have a negative impact on the underlying equity in the pool.

Accordingly, pool management has reduced the published equity in the pool by A$10 to reflect these market changes.

For more information please refer to the Pool Calculator or Pool Payment Estimator