Argentina prepares to confiscate wheat

[W.G.Ewald]

Argentina prepares to confiscate wheat stocks to ensure bread supply at 'normal prices' — MercoPress

Argentina which is one of the world's leading exporters has seen its 2012/13 wheat production drop to below nine million tons compared to the fourteen million tons of the previous harvest.

"If by Friday the market is not normalized, the Argentine government will apply the supply and anti-hoarding law which enables confiscation of the grain and the sale of the produce to mills to ensure flour to bakeries" said the aggressive Domestic market secretary.