CBH pro­vides stocks info

Grow­ers to have same data as the mar­keters

The Northern Star - Northern New South Wales Rural Weekly - - News - Emma Field news@ru­ral­weekly.com

❝ This will in­clude ton­nage re­ceived by class and port zone and ag­gre­gated qual­ity in­for­ma­tion by grade and port zone. — Bri­anna Peake

MO­NOP­OLY West Aus­tralian bulk han­dler CBH Group will pro­vide grow­ers with more stocks in­for­ma­tion this harvest but has baulked at “full grain stocks dis­clo­sure to the global market”.

The com­pany, Aus­tralia’s big­gest wheat ex­porter, said it was open to dis­cus­sion about a US-style grain stocks re­port­ing model as pro­posed by GrainCorp last week.

GrainCorp has sug­gested vol­un­tary quar­terly re­port­ing – monthly dur­ing harvest – of ton­nages by com­mod­ity and by port zone to an in­de­pen­dent third party such as the Aus­tralian Bureau of Sta­tis­tics.

How­ever, it does not plan to re­port grain qual­ity or whether or not stocks are com­mit­ted.

CBH spokes­woman Bri­anna Peake said from this harvest, which will start soon, it would pro­vide grow­ers with re­ceival and qual­ity in­for­ma­tion weekly on its com­pany Load­Net web­site, which re­quires a lo­gin.

“This will in­clude ton­nage re­ceived by class and port zone and ag­gre­gated qual­ity in­for­ma­tion by grade and port zone,” she said.

She said grow­ers would be pro­vided with the same ag­gre­gated in­for­ma­tion that mar­keters re­ceived when they bought grain through CBH.

“For wheat this will be based on ag­gre­gated qual­ity for nom­i­nated grain.”

But the com­pany was “yet to be con­vinced of the eco­nomic ben­e­fit to grow­ers of full grain stocks dis­clo­sure to the global market”.

“If there is in­dus­try agree­ment with a US style grain stock re­port­ing model, as pro­posed by GrainCorp, we are open to hav­ing fur­ther dis­cus­sions with our grow­ers on adopt­ing this ap­proach.”

WA Farmers Fed­er­a­tion grains pres­i­dent Duncan Young said the CBH an­nounce­ment lev­elled the play­ing field be­tween grow­ers and mar­keters.

“At the mo­ment grow­ers are at a dis­ad­van­tage to the mar­keters, which have re­ceived (stocks) in­for­ma­tion, but grow­ers haven’t,” Mr Young said.

He wants any stocks dis­clo­sure to be done vol­un­tar­ily and is in favour of an in­de­pen­dent body but does not want gov­ern­ment in­volved as it would be too ex­pen­sive.

He said modelling in­di­cated the in­dus­try could set up a stocks dis­clo­sure sys­tem for about $50,000 which “would not cost grow­ers a lot of money”.

How­ever op­po­si­tion agri­cul­ture spokesman Joel Fitzgib­bon said gov­ern­ment should have a role in this is­sue be­cause “in­for­ma­tion and trans­parency are crit­i­cal to the ef­fec­tive and ef­fi­cient op­er­a­tion of mar­kets”.

CHANGES: CBH Group will pro­vide grow­ers with more stocks in­for­ma­tion this harvest but has baulked at “full grain stocks dis­clo­sure to the global market”.

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