Grains Of Change: AWB ABB Merger Talk Flags Advent Of Consolidation

The early termination of AWB's Australian wheat export monopoly has paved the way for a new era in Australia's grain industry. Merger talk between the wheat giant and its barley exporting counterpart ABB Grain suggest that consolidation could be the buzzword of this new dawn. The decision to regulate the wheat export market in July, ahead of 2010's planned review, was taken after AWB was found guilty of making payments to Iraqi officials in exchange for profitable wheat contracts. n

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