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As Aussie wheat prices in Asia rise, buyers looking to US instead
Add BT as a preferred sourcePublished Thu, Sep 21, 2017 · 09:50 PM
Singapore
AUSTRALIAN wheat prices have risen above offers being made for US cargoes in Asia, a rare market situation that is expected to drive more purchases from North America, two trade sources said.
Australian wheat exporters made little progress in selling new-crop wheat into Asia this year as the smallest crop in eight years forced farmers to hold back supplies, lifting prices above the international market.
