Glencore subsidiary, Viterra, has said it will reduce its Export Select rates for the fourth year running, helping cut the costs of exporting Australian grain for growers and marketers.
“Our Export Select rates have reduced again, year on year, to benefit both growers and marketers when exporting grain,” said Jonathan Wilson, General Manager of Logistics and Commercial Relations at Viterra.
“Lower Export Select rates help South Australian grain to be competitive internationally with growers receiving the benefit through higher farm gate returns.”
Export Select is a bundled supply-chain service for grain marketers that assists with the movement of grain from upcountry sites to port for shipping.
Wilson also said that Viterra had more than 1 million t of harvest shipping scheduled until the end of December. “New season grain exports are expected to start soon,” Wilson said.
“Harvest shipping is important to keep the supply chain moving and ensure there is space available upcountry for grower deliveries.”
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/31102016/viterra-reduces-export-select-rates/