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Wheat Australia seeks export licence for Iraq sales
The Federal Wheat Export Authority has been asked to grant an export licence to a consortium negotiating wheat sales with Iraq.

The Iraqi Grains Board refuses to deal with the monopoly exporter AWB.

In June, Wheat Australia supplied 350,000 tonnes of wheat to Iraq.

The export authority granted the licence and AWB did not exercise its veto.

It is the only sale Australia has had to what was a huge market since details of the oil for food scandal began to emerge.

Wheat Australia has been negotiating a new hallf-a-million tonne sale with the Iraqis, but concedes there is no deal yet.

A spokesman says negotiations might be easier if the export authority grants a wheat export licence, and AWB agrees not to veto it.

The deal would be worth more than $130 million.

The Western Australian grains trader CBH has also applied for a licence to compete with AWB for the right to export 2 million tonnes of wheat to other countries
MGR Archive 24.10.2006
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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