Wheat exports to China triple in dergulated market

[jdepape]

The CWB seems to have missed this one:

<b>Wheat Exports to China Triple in Deregulated Market</b>

Exporters cited several factors underpinning a trade that has generated about $230 million in export income already this year, including difficult internal Chinese logistics, the qualities of Australia's white wheat that allow it to be favourably blended with sometimes variable local grades <b>and the positive effects of deregulation of bulk wheat exports from Australia in 2008.

Previously, flour mills in China didn't have direct access to Australian wheat, as the former export monopoly operator, AWB, only sold wheat to Cofco</b>, the Chinese government's grain importer.

Said Tom Puddy, wheat manager for the Grain Pool marketing unit of Co-operative Bulk Handling: <b>“Now with deregulation, this is a clear example of customers in certain markets having access to buy Australian wheat, unlike before.”</b>

http://www.theaustralian.com.au/business-old/industry-sectors/wheat-exports-to-china-triple-in-deregulated-market/story-e6frg95o-1225910980117

www.cwbmonitor.blogspot.com

[malta]

John, don't you know you can't compare a pooled wheat export with an open market export. And what about all of the famers who don't own their own ships, how are they suppose to get their wheat to China. This free market only benefits the Canadian farmers near the China border. Lastly we don't need to worry about the Chinese market, the world will end August 1, 2012. There now I have it out of my system.

[Fransisco]

Wow!That's amazing.

[bucket]

What is really amazing is Oberg wasting his time on a plebiscite when he should be chasing those markets for a new trading environment. ****ing moron.

[katoe]

Your a real winner

[bucket]

Thanks!

Just thought I would add my opinion on Oberg. Its too bad you board supporters don't realize how much money that one man has cost your farms for the coming years with his spoiled kid approach to saving the cwb.

[katoe]

AS you said, your opinion

[notaredneck]

white wheat? How many tones of that do we produce in the west?

[tipsy]

Isn't it odd bucket that strong board supporters are bitching about Ritz's plans to make the cwb voluntary. But you do not here one board supporter bitching on how oberg and is band of seven are jeopardizing plans for a reformed cwb going ahead. Just plain weird...

[mustardman]

Yes we'll all be planting White wheat next year to sell cheaply to the very Smart negotiating Chinese.

Because Like Australia Multiple Sellers WILL Lower the Price. OF Course the PRICE Discriminating Chinese Will be lovin it

[Prairiefire]

Yep we will be in the chips ! Many sellers few buyers . Farmers will be srambling to beat out other farmers for this deal . The buyers whoever they will be will wait it out til they get the deal they like .

[Fransisco]

Oh no, the sky is falling, the sky is falling. Why is nobody listening to me? The sky is falling. Harper is a big meanie. The sky is falling, the sky is falling...

LOL

[bucket]

I will gladly grow wheat as long as I can get paid in full when I deliver 100 percent of my contract. Just like every other commodity grown in western canada.