Aussie wheat traders worry about exports
With the start of deregulation for bagged and container wheat just over a
week away, Australian wheat growers are being warned about the difficulties of
trading in the export market.
The Wheat Export Authority and industry believe around 4 million tonnes of
wheat is likely to come up for export once trading gets underway from August 27.
And while most are enthusiastic about the new trading opportunities, some are
worried that inexperienced growers could lose out.
Packer and trader Jim
Riordan says disputes over international contracts can get expensive. "Very
costly ... in the tens of thousands of dollars in some cases, if they get
something wrong," he said. "Initially I will say that there will be people who
will give it a go but find that the economies of scale will put them off, and
the risk involved too.
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