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November 24, 2011

Australia, Russia in wheat war with the US

A price war is brewing as former Russian countries Ukraine, and Kazakhstan and Australia are exporting more wheat than was projected. They are doing this by selling wheat below the US export prices, some export competitors countries, will set their prices below the US price irrespective of how low the US price goes. The US exporters and wheat producers probably don't want a price war. The former Russian countries are basically buying their way into North African and Middle Eastern wheat export markets. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers.
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