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Grain Pool Code of Practice to be Released Soon

31 August 2012

AUSTRALIA - Grain Trade Australia will soon release a draft of the code of practice to address concerns about grain pool transparency.

Concerns were raised following a Wheat Exports Australia report which showed most pool operators analysed were paying a final pool return below the estimated pool return, reports ABCRural.

GTA CEO Geoff Honey says it's difficult to estimate pool returns and they should only be used as a guide.

"The major thing is that the ESR will be a fair and reasoned estimated and the pool provider will be able to justify those numbers to any potential pool customers. I think that's pretty critical," he said.

"The other thing is that those numbers are regularly updated on the website."

TheCropSite News Desk

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