News: MWY Midway Sees Some Midway Woodfibre Export Shipments May Be Deferred Into FY24

April 24 (Reuters) - Midway (MWY) :

• NOW EXPECTED THAT SOME MIDWAY WOODFIBRE EXPORT SHIPMENTS MAY BE DEFERRED INTO FY24
• HEADLINE FOB EXPORT PRICE FOR E. GLOBULUS WOODFIBRE FROM VICTORIA IN CY SETTLED WITH JAPANESE PULP MILLS AT $198.75 PER BONE DRY METRIC TONNE
• SECOND HALF FY23 EXPORT VOLUMES ARE EXPECTED TO BE SLIGHTLY LOWER THAN FIRST HALF EXPORT VOLUMES
• SOME OF EXPECTED WOODFIBRE VOLUME FROM TIWI ISLANDS IS UNLIKELY TO BE SHIPPED THIS CALENDAR YEAR
• SEES OVERALL, UNDERLYING EARNINGS FOR FY23 ARE STILL EXPECTED TO BE AN IMPROVEMENT
• HEADLINE FOB PRICE FOR E. NITENS WOODFIBRE FROM TASMANIA FOR 2023 CALENDAR YEAR AT US$189 PER BDMT - 15% INCREASE ON PRICE DURING PCP