April 10, 2015

10/04/2015: Grain handler says proposed long term shipping agreements will benefit West Australian growers

Western Australia's main grain storage and handler CBH says its new approach to shipping allocation will mean more surety for the state's farmers, ABC reports.

CBH is introducing shipping allocation long-term agreements (LTA) after a false start last year.
   
http://www.abc.net.au/news/2015-04-10/long-term-agreements-for-wa-grain-handler-cbh/6382648

The CBH group wants to offer grain exporters a shipping allocation of up to five years in length, similar to what GrainCorp have been offering on Australia's eastern seaboard. 

Currently CBH operates an auction system, which it believes is a barrier to new players wanting to enter the marketplace.

Over summer the competition watchdog the ACCC gave the grain storage and handler the go-ahead to proceed with long-term agreements.

CBH said the watchdog's approval had ignited interest from new marketers as well as current players.

Operations general manager David Capper said long-term agreements would ultimately benefit West Australia grain growers.

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