Argentina-Wheat exports stopped.

ARGENTINA

ONCCA BLOCKS WHEAT EXPORTS.

The Agricultural Ministry department ONCCA, has admitted that it has been rejecting export permits for wheat yesterday.

Argentina is one of the worlds top five exporters of wheat and the severe drought will make the harvest the lowest for the last 30 years.



Argentina consumes 6 million tons of wheat a year on the domestic market, the government have fears there could be a shortage of wheat to service this home front.

There was approval given for the export of 1.2 million tons to Brazil earlier in the month, since that time no new applications to export have been granted.