Wheat exporter CBH scraps port access plan
[SYDNEY] CBH Group, Australia's largest wheat exporter, has scrapped plans for a new system to allocate port access at its grain terminals following complaints from some users that the scheme was unfair to new entrants to the market.
Australian regulations require grower cooperative CBH Group to offer access at its four grain terminals in the state of Western Australia to rival exporters such as Cargill and Glencore.
The company said in a statement on Tuesday that it would bin the proposed new system for doing this after feedback to the Australian Competition and Consumer Commission.
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