Economics
Australian Feed Wheat Displacing Corn in Asia, Emerald Says
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Australia, the fourth-largest wheat exporter, is selling feed-grade supplies of the grain to buyers including South Korea, Vietnam, China and the Philippines, displacing some U.S. corn, Emerald Group Australia Pty said.
Total Australian feed-wheat sales may have reached about 1 million metric tons, Chris Kochanski, general manager of trading at the Melbourne-based company said by phone today. Shipping volumes were minimal to date because of the delayed harvest and transport problems amid flooding, he said.