Skip to content

NSW Wheat - 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 NSW Wheat once delivery is completed.

Details Value Explanation
Number of contracts 50                                                             One contract = 20 tonnes (1,000 tonnes)                                                            


= Gross Price * Tonnage


10% of Value
Total Value


GST Inclusive
S&H Company GrainCorp Name of Approved Bulk Handler
Location Moree Silo Name
Protein Not applicable For March 2014 onward there is no protein premium applied.
Shrinkage 0.7% As per S&H Agreement*
Futures Price


As settled on ASX on day of tender
less Location Differential


GTA Location Differential*
Up Country Delivered


= ASX - GTA Location Differential 
add Receival Fee


As per S&H Agreement**

Up Country Price Free In Store


= Up Country Delivered + Receival Fee
Gross Shrunk Price Free In Store


= Up Country FIS / 0.993

* GTA Location Differentials updated annually, effective October 1. This is an example differential only from 2013/2014 and may not be representative of the prevailing rate.

** S&H Companies review fees and shrink annually. This is an example only from 2013/2014 and may differ from the prevailing rate.