Business Services Industry
Swaps offer global price bet.(Brief Article)
Australasian Business Intelligence, March, 2005 by Hemphill, Peter
Mar 30, 2005 (The Weekly Times - ABIX via COMTEX)
National Australia Bank (NAB) hosted the CropMuster forum in Melbourne. Grain market experts at the forum advised grain growers to capitalise on price increases in the global market via bank swaps. NAB wheat swaps are hedge contracts that permit growers to sell grain at a pre-determined price for a certain date. Brett Stevenson, the MD of AgRisk Management, said many clients expressed interest in using wheat swaps following a recent surge in wheat futures. Malcolm Bartholomaeus, the MD of "Commodity News", advised growers to forward sell roughly half of their anticipated crop.
Publication Date: 30 March 2005
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