Does the CWB understand Marketing?

[TOM4CWB]

Thalpenny and the CWB,

What are you going to do with the barley pool, when you have such large interest earnings and such a small tonnage in the feed barley pool?

Are these interest earnings going to remain in the feed barley pool in 2001-02?

[rodbradshaw]

Is it not allocated based on the percentage of business done by CWB?

[TOM4CWB]

Rod,

The problem as I understand it is that the specific grade sold in the 1970's to 90's is supposed to be returned to the same grade and pool.

Since much of the interest income created by CWB churning came from feed barley sales, then it is supposed to be returned back to the same pool account.

When the CWB used to sell 3million tonnes of feed barley the distribution was a small amount per tonne.

But if the CWB only handled, say, 50,000t then interest churning income influence on the feed barley pool could be astounding...

Now the CWB must find another way to launder this money, as it is simply too distorting...

[rodbradshaw]

Thanks Tom , I get the picture. We are finally getting rain, first measurable in 19 days, it is a welcome sight.
Rod