The wheat market was up $10/t in the week, reported The Land (11/10/2007, p.67). The Sydney delivered price was $480/t. Wheat prices were likely to hold better than barley into and during the harvest period with the multigrade forward contract for Port Kembla at $425/t on Tuesday. Growers were expected to sell whatever wheat they were able to harvest, after retaining enough for 2008 seed. Domestic buyers were expected to buy most of their 2008 physical requirements at harvest to avoid having to seek grain after the harvest.The Land, 11/10/2007, p. 67
Archive for the ‘Kimberley’ Category
Posted by gasweek on 17 October, 2007
Posted by gasweek on 20 September, 2007
ARC Energy Managing Director, Eric Streitberg, in a paper to the Good Oil Conference in Fremantle, said the ARC Energy model had “all changed” with +$70 oil, and $5.00 gas in Western Australia. “Until two years ago oil was marginally economic and gas was uneconomic. With low oil prices, he said – its current transport method – $20 per barrel trucking to Perth – plus opex – was often more than the oil price. Now, ARC now planned domestic LNG, and had moved forward, its plans for its Northern Pipeline, to move gas south.