February 14, 2008 / 9:32 PM / 10 years ago

Canadian Wheat Board revenues up 41 pct in 2006-07

WINNIPEG, Manitoba, Feb 14 (Reuters) - The Canadian Wheat Board boosted its revenues by 41 percent last year, reflecting increased sales volumes, rising world prices and a top-quality crop, the farmer-run marketing agency said in its annual report.

The CWB had revenues of C$4.949 billion for the year ended July 31, 2007, up from C$3.498 billion the previous year.

That is its highest revenue since 1996-97, when revenue totaled C$6.186 billion.

The CWB has a government-granted monopoly on wheat and barley sales from Western Canada to millers, maltsters and export markets.

The CWB said it sold 21.518 million tonnes of grain, up 14.5 percent from the previous year, and its largest marketing since 1999-00.

Most of its revenue came from wheat and durum sales, with less than 8 percent or C$388 million from sales of more than 2 million tonnes of barley.

After accounting for direct and administrative costs, the CWB said it returned C$4.527 billion in revenue to farmers. (Reporting by Roberta Rampton; Editing by Rob Wilson)

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