CBH sets sales record

By Grace Jones | posted on January 17, 2020

THE CBH Group has released their full 2019 Annual Report following the release of our Financial Report in mid-December and finish to the harvest season.

This season the Albany Zone reported 2,629,000 tonnes of grain harvested from across the region.

Last season the Albany Zone reported a smaller harvest with 2,614,000 tonnes of grain harvested due to mixed weather conditions.

Some of the key highlights in the report showed a strong operational performance in a number of areas, including record-breaking rail movements and strong growth in fertiliser sales.

Driven by a near record harvest of 16.4 million tonnes, the CBH rail infrastructure moved the largest amount on record with 8.9 million tonnes of grain sent by rail to port terminals during the 12 months to the end of September 2019.

This included six million tonnes moved within the Kwinana Zone to the Kwinana Grain Terminal for bulk export.

A total of 13.8 million tonnes were shipped from four grain terminals, with the Kwinana Grain Terminal shipping 6.2 million tonnes of grain.

This was only 30,000 tonnes shy of the shipping record set in 2016-17.

CBH Fertiliser achieved its biggest year so far as sales continued to grow in 2018-19, with 103,000 tonnes sold, up from 90,000 in 2017-18. The business remains profitable and has retained surplus capital to expand the business further across the network.

During the reporting period, the co-operative invested more than $1.6 million into regional grain growing communities in Western Australia through the Community Investment Fund.

This included the Grass Roots Leadership Short Course, which was introduced for the first time in 2019 with a total of 76 participants, and more than $300,000 was provided to community groups as part of the Grass Roots grants program.