Archive for October 15th, 2012

UK to see big wheat import as weak crop confirmed

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Expectations of hefty UK wheat imports, potentially even from the US, firmed as farm officials confirmed the dismal domestic harvest, pegging yields at the lowest in 20 years, hurt by pressures from “high levels of disease”.

The poor quantity, and quality, of the UK wheat crop, coupled with demand spurred by the opening of bioethanol capacity, could see imports “rise as far as 2.5m tonnes, or higher”, Jonathan Lane, trading manager at merchant Gleadell ...

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