Mr Tony Burke (Watson, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

On that day, I tabled information that was published by Wheat Exports Australia which dealt with the difference in prices between east coast wheat, west coast wheat and the Chicago Board of Trade nearby swap price. There has been some questioning of some of that information as to the interaction between the three of those. I sought further advice from my department to get some of the raw data on which that fact sheet was based. I will quote from the information I have now been given, which provides a further update on some of those figures to the House.

Drawing from WEA data, the peak difference between the Fremantle APW1 price and the Newcastle APW1 price was $35 per tonne on 28 October 2008. The peak difference between the Fremantle APW1 price and the CBOT price was $29.62 per tonne as opposed to the $35 on 28 April 2009 that I quoted that day. To assist the House I will table the advice that I received to that effect.

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