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Glencore Ships Biggest Ever U.K. Grain Cargo as Pound Tumbles

  • Shipment of 70,000 tons of feed wheat destined for Vietnam
  • U.K. grain becoming more competitive as Brexit hurts pound
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The biggest ever shipment of British feed wheat is another sign that the country’s grain exporters are benefiting from a weaker pound.

The U.K. grain unit of Glencore Plc is loading 70,000 metric tons of feed wheat at the Port of Immingham in northeast England, it said in a statement Thursday. Trade Prosperity, the vessel carrying the cargo, is due to sail to Vietnam in early July.