Thursday, March 1, 2012

Fed: AWB downgrades wheat harvest outloook for 2002-03

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Fed: AWB downgrades wheat harvest outloook for 2002-03

CANBERRA, Jan 13 AAP - Australia's monopoly wheat exporter, AWB Ltd, today downgradedits estimate of the local wheat crop as a result of the drought.

AWB said it now expected production to fall to 9.5 to 10.5 million tonnes in 2002-03,from a previously expected 11 million tonnes.

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