UK Wheat Sold To Philippines

Following hot on the heels of yesterday's news that EU wheat was making inroads into all sorts of exotic and unusual locations like Thailand, Peru and Venezuela comes reports today of UK wheat going to the Philippines.

Gleadell loaded 50,000 MT of feed wheat in Immingham last week bound for the SE Asian country, according to media reports.

It's interesting to see EU wheat getting a look in to some of these unusual homes, and also highlights just how much help we're getting from the ailing pound and euro at the moment.

It also indicates exactly how uncompetitive US wheat has become. Australian wheat would also traditionally feature to most of these markets, again the strength of the Ozzie dollar is obviously affecting their ability to make sales on their own relative doorstep.