Fixed-Grade Cash Contract

PRODUCT TYPE Grain Contract DESCRIPTION

Fixed Grade Cash contract for an agreed Commodity and Grade for delivery or Title Transfer at an agreed delivery period.

BENEFITS

The Fixed Grade contract manages price risk by fixing your price per tonne. You may receive a premium for contracting a specific grade or quality.

RISKS

  • Price: Fixes price to reduce risk
  • Quality: Quality should be known to avoid increasing risk
  • 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 lock 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 contract number together with your NGR number.

 

OTHER POINTS

  • Contract is deliverable.
  • You must deliver the grade you contracted.
  • When delivering to a Bunge Facility you must quote your NGR number.
COMMODITY Wheat, Barley, Oats and Canola
QUALITY Fixed or Multigrade
TITLE TRANSFER
POINT*
FIS- Bunge
FIS-CBH
Delivered Bunbury
Ex-Farm
TIMING 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
QUALITY
OPTIMISATION
Refer to Title Transfer Table
Yes, available for
Wheat warehoused at Kukerin and Arthur River
*End of week of delivery