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Eastern Australia Canola - Tender Advice Example

The following table provides an explanation for an example tender advice notice. The tender advice is issued to the buyer or seller of the Eastern Australia Canola contract once delivery is completed.

Details Value Explanation
Number of Contracts

20                                                    

One contract = 20 tonnes (200 tonnes)                                    
Value

$98,866.00                                            

= Gross Price * Tonnage                                                    
GST

$9,886.60

10% of value
Total Value

$108,752.60

GST Inclusive
S&H Company

GrainCorp

Name of accredited bulk handler
Location

Murchison East

Silo Name
Admixture

1.30%

As per S&H Grower Receival Stack Average*
Oil Content

44.40%

As per S&H Grower Receival Stack Average*
Shrinkage

0.6%

Determined by S&H Company and noted in storage terms
Futures Price

$510.00

As settled on ASX on day of tender
less Location Differential

-$24.75

GTA Location Differential*
Up Country Price, Delivered

$485.25

= Futures Price - Location Differential
Up Country Price, Delivered Shrunk

$488.18

= Up Country Price Delivered / 0.994
less Admixture Deduction

-$6.35

Admixture expressed in Dollar terms (on up country shrunk)
Clean Seed Price

$481.83

= Up Country Delivered Shrunk - Admix Value
add or subtract Oil Adjustment

 +$17.35

AOF Standards 1.5% premium or discount for every 1% above or below 42%. 
plus Receival Fee (adjusted for shrink) 

 +$13.87

 as per S&H receival fee**
Gross Shrunk Price, Free In Store

$494.33

= Up Country Delivered Shrunk + Receival Fee

*

** GTA Location Differentials updated annually, effective 1 October. This is an example differential only from 2011/2012 and may not be representative of the prevailing rate.

**** S&H Companies review fees annually. This is an example differential only from 2006/2007and may differ from the prevailing rate.