GrainCorp has announced the opening of its PriceGuard Plus product for the 2013/14 season.
PriceGuard Plus was developed following industry consultation and is designed to appeal to both current cash and pool users.
Manager of GrainCorp Pools Stuart Clarke said “PriceGuard Plus has received a significant amount of interest at pre-harvest grower meetings this year.”
“PriceGuard Plus provides cash flow similar to that of a cash sale, as the grower receives a guaranteed minimum return paid up front, plus they get the added benefit of being able to participate if the broad grain market rises after harvest,” Mr Clarke said.
“While selling to cash can be attractive when prices are high, PriceGuard Plus allows the double advantage of participation in the current market and maintaining some exposure to post-harvest markets.
“PriceGuard Plus’ major advantage over conventional pools is that your minimum return is locked in at the time grain is delivered into PriceGuard Plus and that guaranteed minimum return is paid up front, providing useful cash flow.”
Mr Clarke said PriceGuard Plus is part of GrainCorp’s commitment to be innovative and to work with growers to create flexible, transparent marketing options that are relevant to them. PriceGuard Plus is open for short commitment windows, with the first commitment window opening this week and is expected to be open for a maximum of only 10 days, subject to demand.
