Canola Premium Contract

PRODUCT TYPE Grain Contract

DESCRIPTION
Cash contract for Canola for delivery or Title Transfer at an agreed delivery period, with premiums and discounts included for oil content and admixture.

BENEFITS

The Canola Premium cash contract manages price risk by fixing your price per tonne. You may receive a premium (or discount) based on the quality of the canola you deliver.

RISKS

  • Price: Fixes price to reduce risk
  • Quality: Premiums & discounts paid for your quality.
  • Production: Contract is deliverable, so some production risk (depending on your own commitments and circumstances)
  • Payment: Covered by Bunge

 

WHAT YOU HAVE TO DO

  • Contact Bunge to sell to Bunge quoting your NGR number. Once agreed on the phone or email you have locked in a contract with Bunge.
  • Bunge will send written contract terms and conditions to you by email.
  • Transfer Title to Bunge via your warehouse service or at delivery quote your NGR and contract number

 

OTHER POINTS

    • Contract is deliverable.
    • When delivering to a Bunge facility you must quote your NGR number
    • You must deliver the grade you contracted
COMMODITY Canola
QUALITY Variable
TITLE TRANSFER
POINT*
FIS-Bunge
FIS-CBH
Delivered Bunbury Ex-farm
TIMING Pre-Harvest, Harvest & Post-Harvest
PAYMENT TERMS 100% 14 Days EOW*
FORWARD/SPOT Both Available
DELIVERY PERIOD Harvest: Dec/Jan
Post-Harvest: Spot
or by negotiation
LEVIES Deducted by Bunge
FREIGHT & RECEIVAL
DEDUCTIONS
Refer to Title Transfer
Table
BONIFICATIONS
GRAIN STORAGE BAGS
Refer to Title Transfer Table
Yes, As per AOF Standards
End of week of delivery