Dear Ian White,
In 2008 we were required to hod back wheat and durum due to the draconian CWB buy-back process that stop individual producer exports of our wheat and durum.
I see these comments you make on durum:
"Another significant factor affecting durum prices was an unexpected increase in U.S. durum production, which is up 30 per cent from last year to three million tonnes, the largest U.S. crop in 11 years.
Meanwhile, durum production in North Africa, generally the largest importer of Prairie durum wheat, has increased by 70 per cent over last year to 5.8 million tonnes, which will reduce its import demand.
The large North American production has combined with weakened demand to create significant pressure on prices. The CWB's 2009-10 Pool Return Outlook for high quality durum is $216 per tonne, down 41 per cent from the projected final return for the same durum last year."
Where are the long term contracts at profitable prices... that being the reserve holder of wheat and durum should bring?
Or are wheat and durum producers required to hold stocks for your sales... year after year... with no benefit from stable price contracts at reasonable prices?
This requires the real and obvious question to be asked... WHO EXACTLY does the CWB work for and benefit?
In 2008 we were required to hod back wheat and durum due to the draconian CWB buy-back process that stop individual producer exports of our wheat and durum.
I see these comments you make on durum:
"Another significant factor affecting durum prices was an unexpected increase in U.S. durum production, which is up 30 per cent from last year to three million tonnes, the largest U.S. crop in 11 years.
Meanwhile, durum production in North Africa, generally the largest importer of Prairie durum wheat, has increased by 70 per cent over last year to 5.8 million tonnes, which will reduce its import demand.
The large North American production has combined with weakened demand to create significant pressure on prices. The CWB's 2009-10 Pool Return Outlook for high quality durum is $216 per tonne, down 41 per cent from the projected final return for the same durum last year."
Where are the long term contracts at profitable prices... that being the reserve holder of wheat and durum should bring?
Or are wheat and durum producers required to hold stocks for your sales... year after year... with no benefit from stable price contracts at reasonable prices?
This requires the real and obvious question to be asked... WHO EXACTLY does the CWB work for and benefit?
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