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Australia to Sell Wheat to China

Online Stock Market Trading by Armando Duke

China's food and drug safety record has come under scrutiny in recent months as tests on the country's exports have detected the presence of potentially harmful ingredients Tests have indicated that wheat flour, used in North American pet food, was tainted with melamine % a chemical used to make plastics and fertilizer. Toothpaste, exported from China to the Dominican Republic, Panama and Australia, was found to contain diethylene glycol, a chemical used in antifreeze and brake fluid.

Stock Investing Course AWB Ltd., an Australian grain exporter, said it won a contract to initially supply US$267 million in wheat to China.

Lily Caswell, manager of the Oxford Oxfam bookshop, one of the first to take part in online book selling, "We can sell books online through AbeBooks that wouldn't have a market on the high street. Typically this would be a specialist, rare or highly sought after book, which can command a higher price online than if sold in a high street store. For example we've had buyers from Korea, Australia and the US."

Stock Market Game If you would like to receive late breaking news on stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page

business (B2B) selling in China into the broad categories of products and services. The large product categories of B2B sales in China are

Stock Investing Game Nov 22, 2004 (AXcess News) Melbourne - AWB, Australia's largest grain exporter, said in a statement released to the Australian Stock Exchange that the 1.5 million ton contract of milling-grade wheat adds to an order 11 months ago from China's central grain-buying agency for 1 million tons.

In this issue, the Great Wall of China. The Wall is the longest structure ever built and was erected entirely by hand. The construction of the Great Wall began in the seventh century B.C. At that time, different Chinese kingdoms built walls for defensive purposes. Qin Shi Huang, the first emperor to unify China in 221 B.C., linked three northern kingdoms' walls to prevent Han invasions. The Wall was then more than 10, 000 li long (a li being about a third of a mile). This is the origin of the name commonly used in China, "10, Li Long Wall." The Great Wall was China's primary protective northern barrier for the next two thousand years.

Journal Prime Rate Street Wall China may place additional orders to plug a local shortage of wheat suitable to make bread, dumplings and other flour-based food staples, AWB spokesman Peter McBride said.

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Stock Market News China's government said today wheat imports jumped more than 18-fold in the first ten months of this year to 6 million metric tons compared with a year earlier. China chose Australian wheat over supplies from North America and Europe because of costs related to transportation and quality.

Stock Investing Basics Wheat for March delivery fell 7 cents, or 2.1 percent, to $3.1975 a bushel Friday on the Chicago Board of Trade.

Stock Investing Software China's purchase is likely to push U.S. wheat prices lower.

Stock Market Trading Australian commodities analysts said that China is likely to buy wheat from other sources, pointly the United States, but that Australia would most likely get more orders as well.

Stock Investing For Dummy The new AWB contract is with China National Cereals, Oils and Foodstuffs Corp

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Stock Investing Tip Australia is enjoying a booming commodities export market with the country's biggest export, coal, expected to achieve record prices in upcoming negotiations with Japan.

Stock Market Chart US agricultural stocks closed lower Friday, mostly due to the recent mad cow scare the USDA says is inconclusive until further tests can be done. ConAgra (NYSE: CAG) closed down 22 cents at $27.28. Kraft Foods (NYSE: KFT) was down 63 cents at $34.04. Tyson Foods (NYSE: TSN) was down 38 cents at $16.25. And, Smithfield Foods (NYSE: SFD) closed down 30 cents at $27.47. AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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