U.K. on Verge of Rare Switch to Wheat Imports After Bad Crop
- U.K. imports exceeded exports for four months through March
- Nation could be a net importer for the season, AHDB says
A farmer holds grains of Crusoe wheat after harvesting at Bentley Hall Farm in this arranged photograph in Wickford, U.K., on Monday, Aug. 15, 2016. U.K. wheat and barley exports are set to beat government forecasts for the season that ended in June as a weaker pound and higher corn prices make the country's overseas sales of the grains more competitive.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The U.K. may find itself in a rare position of becoming a net importer of wheat this season.
Imports have exceeded demand in recent months, and if that continues the nation could finish the season that ends in June as a net buyer, according to the Agriculture & Horticulture Development Board. That’s only happened three times in the past two decades.