Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
AWB to tender wheat sale to Iraqi Wheat Board
The Australian, April 14, 2004
MONOPOLY wheat exporter AWB is to tender for the sale of 200,000 tonnes of wheat to Iraq, the country's first purchase since it regained control of its grain imports.

The sale is an important one for AWB, the former Australian Wheat Board, which is fighting to maintain its share of the Iraqi market in the face of an aggressive push from the US, which had been unable to sell to Iraq for the past decade due to trade sanctions.

Iraq's wheat imports have been handled by the United Nations under the World Food and Food for Oil programs since the mid-1990s.


But as coalition forces prepare to hand over sovereignty to an Iraqi government, authority for wheat purchases has been given back to the Iraqi Wheat Board.
The re-entry of heavily subsidised US wheat to the Iraqi market is a threat to Australian wheat exports of up to 2 million tonnes a year, worth about $400 million.

However, AWB received some encouragement last month when it secured the lion's share of a 630,000 tonne tender conducted by the World Food Program on Iraq's behalf, leaving the US to pick up less than a third of the contract.

Word of the new Iraq tender came as AWB announced a record $970 million first distribution from sales of its 2003-04 wheat pool. The distribution related to returns on wheat from the most recent harvest and delivered to buyers between December and March.

Pool manager David Johnson said AWB had already delivered about 26 per cent of the pool, up from about 15 per cent over the same period in previous years.

Sales were stronger than normal because there was little wheat left over from the previous harvest, which had been drastically reduced by the impact of drought.

"We were able to start pricing and shipping this harvest more aggressively than if we had wheat left over from previous years," he said.

Despite the most recent harvest weighing in at a record 25 million tonnes, Mr Johnson said he was confident the majority would be sold within the year.

"We exported 9.5 million tonnes last year, and we are on track to almost double that this year," Mr Johnson said.
MGR Archive 14.4.2004
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice