Australia will import foreign-grown wheat for the first time since 2007 following an approval issued by the Department of Agriculture and Water Resources late Tuesday. The permit issued is for a single shipment of bulk wheat from Canada, which is expected to arrive in Australia in the next six to eight weeks. The vessel consists of high protein wheat for milling purpose, destined for Port Kembla in New South Wales, a trader based in Australia said. The move comes after months of market speculation about wheat imports as widespread drought in the east coast of Australia damaged wheat crops, driving up domestic prices to historical levels. The current decade low 2018/2019 harvest season saw Australian wheat production drop by 19% to 17.3 million mt, according to the Australian Bureau of Agricultural and Resource Economics and […]