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Iraq suspends wheat purchases from Australia
31 Mar 2005
Iraq suspended a contract to buy one million tonnes of Australian wheat following remarks by Australian official that suggested Iraq would be overcharged. The Iraqi trade minister said it began an investigation into claims that Iraq had paid inflated prices for wheat from Australia's monopoly wheat exporter the AWB. The AWB said it had not been informed of the suspension and was continuing to ship wheat under the contract. The exporter has rejected suggestions in Baghdad that it overcharged for past wheat supplies to Iraq. Iraq is estimated to have paid $US240-260 a tonne for the Australian wheat. Australia is also negotiating another 500,000 tonne wheat deal with Baghdad.
The Age, 31/03/05
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