Tuesday, November 15, 2005

More on the U.S/Austrailian/Iraq wheat flap

From The Courier-Mail - Wheat ban 'panders' to US growers
THE US has been accused by both sides of politics of pandering to its farmers with a decision to take action against Australia's monopoly wheat exporter, AWB. The US has banned AWB, accused of paying kickbacks to Saddam Hussein, from its Supplier Credit Guarantee Program. The move effectively prevents AWB's US arm, a major trader on the futures market, from gaining credit guarantees for wheat deals.
Looks like there is a small political storm brewing here . . . See this Ag Moment for more background on the story.

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