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Gavilon Seeks Wheat Export Licence

26 August 2010

AUSTRALIA – Agribusiness company Gavilon Group has announced that it has applied for a permit to export bulk wheat from Australia, following a decision to increase its operations in the country.  

According to Reuters, if the application is approved, Gavilon will be granted a licence making it the 29th organisation allowed to export bulk shipments of the grain from Australia since the sector was liberalised on July 1st 2008.

"We are in the process of applying for wheat export accreditation, and hope to be in a position to export wheat in the near future," David Levine, international vice-president of Omaha-based Gavilon, told the news provider.

The development comes after plans to form a grains trading joint venture between Gavilon and Australia's AWB fell through at the end of June.

Meanwhile, the managing director of commodities house FC Stone Australia told ABC News this week that 'panic buying' had been the main reason for the recent sharp rise in wheat prices.

TheCropSite News Desk

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