Record rebate for CBH growers
The CBH Group has launched its Grower Patronage Rebate Program for 2014 and many growers are set to receive $4.55 per tonne credit against their storage and handling charges this harvest.
CBH Chairman Wally Newman said the rebate, the biggest ever, was a demonstration of how the co-operative creates and returns value to its growers.
"With the record harvest last year and CBH implementing a number of initiatives to drive value within the business, it is only fitting that this is returned to our growers as a reward for their patronage. An amount like $4.55 per tonne will make an enormous difference to most growers this year," he said.
The CBH rebate program consists of three rebates, an Operations Rebate, Marketing and Trading Rebate and an Investment Rebate.
_The Marketing and Trading Rebate is set at $3.30 per tonne, for every tonne sold to CBH bet -ween October 1, 2013, and September 30, 2014, while the Operations Rebate is set at $0.85 and the Investment Rebate at $0.40, paid on those tonnes delivered to the CBH network this coming harvest. _
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Growers who sold to the Plum Grove Harvest Pool between October 1, 2013, and September 30, 2014, will also receive a $3.30 per tonne credit, in recognition that those tonnes are marketed internationally by CBH.
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