date:Mar 07, 2013
another five million tonnes of wheat exports as early as Thursday, government sources have said -- more than doubling the sales already approved to about 9.5 million tonnes.
The surge of supply on top of better harvests expected from Australia, the United States and the Black Sea, would put further pressure on global prices. Benchmark Chicago wheat prices fell to an eight-month low last week on a better outlook for the U.S. crop.
Wheat exports are a priority issue as the new harvest is about