Archives For CBH Group

Ray rings debt alarm bells

13 Feb, 2013 01:00 AM
Ray Marshall

Ray Marshall

            WEST Australian farmer Ray Marshall is sounding the alarm bells over a national rural debt that has more than doubled over the past 10 years.Last week, Mr Marshall circulated disturbing figures from the Reserve Bank of Australia (RBA) saying the national rural debt had escalated sharply from $31 billion in 2003 to $66 billion last year.

“To be brutally honest I was gobsmacked when viewing the figures,” he said on an email sent to media and other stakeholders drawing attention to the issue. Continue Reading…

In this media release, WA Grains Group Inc. (WAGG) details the massive discounting of growers’ grain as a result of date-stamping practices by CBH Group.

The release reports: “CBH claims to creat and return value to growers. But growers who have 2011/12 grain in storage with CBH may not agree, and rightly so: they’ll be receiving a discount of up to $52 per tonne on oats from 2011/12 compared to 2012/13.”

To view the full WAGG release, which includes infographics, click here.

WA Grains Group responds to the Australian Competition and Consumer Commission’s draft report on Grains Express, in December 2010.

“WAGG agrees that the notified tying arrangements substantially lessen competition in the market for grain transport in Western Australia and that the substantial anti-competitive detriments outweigh any public benefits resulting from the notified conduct.”

See WAGG’s full submission here.