| UK may beat Saudi Arabia on wheat imports | |
| Farm officials are poised to revisit UK grains estimates amid ideas that they have underestimated the country’s import needs, which may turn out more than those of Saudi Arabia.
The UK farming and environment ministry, Defra, will on Wednesday unveil fresh forecasts for UK cereals supply and demand in 2012-13, a season marred by a dismal harvest, with wheat yields at ... | |
| 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 ... |
Hedge funds returned to taking a more negative stance on agricultural commodities, largely through increasing bets...
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