Argentina OKs Wheat Exports
Mon Jan 13, 2014 12:40 PM CST

BUENOS AIRES (Dow Jones) -- Argentina's government authorized exports of 500,000 metric tons of wheat from the developing crop and 50,000 tons of flour, after suspending exports of the grain late last year when production shortfalls led to a surge in bread prices.

Argentina heavily regulates the wheat and corn markets to shield consumers from high international prices for both key foodstuffs. Argentines consume about 6.5 million tons of wheat a year and the developing 2013-14 crop is expected to produce about 9.2 million tons, according to government estimates.

The government could authorize an additional one million tons of wheat ...

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