Suppliers to Default on Libyan Grain Deal?

Reuters reports that the rising price of wheat on world markets could jeopardise a recent Libyan grain deal.

The contract, agreed on 4th July, was for the supply of 50,000 tonnes of milling wheat.

A lot of people will be surprised if that deal goes through as it looks like a loss-maker,” one dealer told the news agency.

Private and state buyers who held off purchasing a month ago now face a huge rise in bills if they have to buy at current high prices.

(Source: Reuters)

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