US wheat industry plans legal attack on AWB

29-11-2006 | |

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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