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AWB SUPPORTS GOVT MOVE TO AMEND AUSTRALIAN WHEAT MARKETING.

AsiaPulse News

| May 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CANBERRA, May 1 Asia Pulse - Australian wheat exporter AWB (ASX:AWB) has welcomed a proposal to amend draft marketing arrangements aimed at toughening up protections against regional monopolies dominating the industry.

A Senate committee has given the go-ahead to Rudd government plans to end AWB's monopoly over bulk wheat exports.

But the committee recommended toughening up the conditions imposed on exporters to ensure open access to facilities by competitors.

AWB's managing director Gordon Davis said he supported focusing on fair access by tasking the Australian Competition and Consumer Commission (ACCC) with ensuring regional monopolies did not emerge in storage and handling.

"AWB continues to support ACCC access agreements at port with appropriate ...

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