ANALYSIS-Drop in global output of bread-making wheat sparks hunt for supplies
- Date: 01-Dec-2021
- Source: Nasdaq
- Sector:Oil & Gas
- Country:Middle East
ANALYSIS-Drop in global output of bread-making wheat sparks hunt for supplies
A leading Middle Eastern flour miller paid over $23 million in October for a high-grade Australian wheat cargo and is willing to pay 10% more now for a similar consignment, but is unable to seal a deal as exporters can't find enough food-grade grain.