still selling wheat to iraq

AWB owned wheat is being purchased, re-branded and sold to Iraq through a consortium of 3 Aus companies. Will be interesting how this game pans out in the long term. As the market tightens over this year Iraq may struggle to get wheat from anywhere. India and China have a lot more mouths to feed and the food market has a lot of catching up to do in price compared to minerals and oil. I can see the share price improve as the crisis fades and other news takes over. Single desk to remain because we do not have to dismantle it.