UK sells wheat to US

Published September 12, 2002

LONDON, Sept 11: Britain sold wheat to the drought-hit United States in September, for what is believed to be the first time, as US wheat prices roared to five-year highs.

The UK’s Grainfarmers/Louis Dreyfus International Marketing Alliance confirmed rumours circulating in the marketplace by announcing on Tuesday that it had contracted several feed wheat cargoes to be shipped to the US in September.

News of the export sale follows hot on the heels of an August 16 report from Wilmington Bulk LLC, a consortium of US companies, that it had imported 25,000 to 30,000 tons of foreign feed wheat due to the high price of maize in the United States. The imported feed wheat is scheduled to arrive at Wilmington port in North Carolina between Sept 25 and Oct 5.—Reuters

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