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News 159 views last update:6 Aug 2012

US wheat industry plans legal attack on AWB

The US wheat industry is considering taking legal action against Australian wheat exporter AWB Ltd. and its monopoly grip on Australia's wheat exports. An investigation found that AWB had misled the United Nations over payments to secure wheat deals in Iraq.

The Australian government inquiry found that AWB broke United Nations oil-for-food sanctions against Iraq with the payment of $222 million in kickbacks to the government of Saddam Hussein between 1999 and 2003.

US Wheat Associates, which represents United States wheat exporters who have long complained that AWB's monopoly inhibits competition, said that AWB's subsidiary in the United States could be liable under US law.

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