Wednesday, October 10, 2007


U.S. lands Iraq 700,000 ton wheat deal

(ABC News) - The United States has cemented its position as Iraq's biggest wheat supplier, after locking in an export deal for 700,000 tonnes. Australia used to dominate the Iraq trade, but has struggled to sell any wheat there since the Oil-for-Food scandal involving AWB. Grain trader Brett Stevenson says it will be hard for Australia to regain any of the market."We would have every right to put our hand up as a government level and say we want to participate, the only problem with that is, is that the organisation that cause a major disfunction over there is still operating and still has a single desk over the 2007 crop," he says."And we're still entertaining a single desk for ongoing crops, and I just think while that's the case we're going to struggle."

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