Elders (ASX:ELD) Negotiations for Woodchip Prices To Japan Concluded
Sydney, July 14, 2010 AEST (ABN Newswire) - Agribusiness Elders Limited (
ASX:ELD) said negotiations for the calendar year 2010 benchmark price for Australian plantation grown Tasmanian bluegum woodchip for export to Japan have concluded with agreement that existing prices be maintained.
The existing price of A$207.4 free on board (FOB) per bone dry metric tonne is applicable for sales from 1 January 2010 to 31 December 31 2010 during which period Elders Forestry is contracted to supply woodchips to its paper manufacturer customers in Japan.
Contracted volumes for the period have been increased by more than 12 per cent to over 370,000 green metric tonnes per annum.
Chief operating officer of Elders Forestry, Vince Erasmus, said this was a positive outcome in the current market circumstances that global demand for woodfibre has continued to be softer than pre-GFC (global financial crisis) levels.
Contact
Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net
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