Thread: Iraq/Dinar News. 09/05 to 01/14/07

AUSTRALIA'S newest wheat exporter is selling grain to Iraq at a price so low the Iraqis "would have had to have been on drugs not to take it", according to industry sources.
Wheat Australia's deal with Iraq, announced on Tuesday, is for 350,000 tonnes of wheat at $US190 a tonne. The world wheat price is about $US215.

The deal was sealed after intervention by the Howard Government, which is believed to have dispatched its ambassador to Baghdad, Howard Brown, to talks with the Iraqi Grains Board when talks broke down on Sunday.

It is not clear what, if any, incentives were offered but it is known that the basis of the deal - including price, tonnage and delivery - were discussed.

Wheat Australia spokesman Rhys Ainsworth would not discuss "specifics" yesterday.

A wheat trade expert with inside knowledge of the deal, who wished to remain anonymous, said: "The Iraqis would have had to have been on drugs not to take it. It's a very, very good deal for them and not a very good deal for Australian farmers.

"The wheat went at a cheap price because Australia has to start selling wheat some time."

Wheat Australia is a consortium of grain handlers ABB, CBH and Grain Corp. It acquired the wheat for the deal from AWB Ltd, which has been blacklisted by Iraq since it was accused of funnelling money to Saddam Hussein's regime in the lead-up to the 2003 war.

AWB initially agreed to sell the wheat to Wheat Australia at $US190 a tonne 12 weeks ago.

Iraq accepted the price but haggled over other fees. As negotiations dragged on, the world wheat price soared and is now at levels not seen for five years.

AWB then tried to extract a higher price - believed to be $US200 a tonne - from Wheat Australia, a move that almost scuttled the deal.

Rumours circulated yesterday that the Government stepped in and forced AWB to accept a sale at the original, and now heavily discounted, price.

Originally Posted by Raditz

AUSTRALIA'S newest wheat exporter is selling grain to Iraq at a price so low the Iraqis "would have had to have been on drugs not to take it", according to industry sources.
Wheat Australia's deal with Iraq, announced on Tuesday, is for 350,000 tonnes of wheat at $US190 a tonne. The world wheat price is about $US215.

The deal was sealed after intervention by the Howard Government, which is believed to have dispatched its ambassador to Baghdad, Howard Brown, to talks with the Iraqi Grains Board when talks broke down on Sunday.

It is not clear what, if any, incentives were offered but it is known that the basis of the deal - including price, tonnage and delivery - were discussed.

Wheat Australia spokesman Rhys Ainsworth would not discuss "specifics" yesterday.

A wheat trade expert with inside knowledge of the deal, who wished to remain anonymous, said: "The Iraqis would have had to have been on drugs not to take it. It's a very, very good deal for them and not a very good deal for Australian farmers.

"The wheat went at a cheap price because Australia has to start selling wheat some time."

Wheat Australia is a consortium of grain handlers ABB, CBH and Grain Corp. It acquired the wheat for the deal from AWB Ltd, which has been blacklisted by Iraq since it was accused of funnelling money to Saddam Hussein's regime in the lead-up to the 2003 war.

AWB initially agreed to sell the wheat to Wheat Australia at $US190 a tonne 12 weeks ago.

Iraq accepted the price but haggled over other fees. As negotiations dragged on, the world wheat price soared and is now at levels not seen for five years.

AWB then tried to extract a higher price - believed to be $US200 a tonne - from Wheat Australia, a move that almost scuttled the deal.

Rumours circulated yesterday that the Government stepped in and forced AWB to accept a sale at the original, and now heavily discounted, price.

O.K. Now I am lost. What does this mean? Sorry for not getting it, but could you explain?

Greetings,

The fact that international trade is being established is a bullish sign of economic growth. And with Iraq getting a great deal, this adds to their economic bottom line, so it is all good news. The more international trade, the higher the value of dinar will go. (g)

Good luck to all, Mike

Hey all on the new Iragi Investment Team Club,

I am sure Mike and Adster want mind me putting this here. If it has no use they will say. But I buy my dinar from safedinar and they have a link here for updated news on the dinar: http://safedinar.com/Iraqi_Dinar_News.asp The lates to the ones before. If this is ok then It will stay. I am sure it is. 5 articles alone for yesterday.

One last thought is, I was talking yesterday to some buddies I have in Australia. As we were going over some details of another venture on a conference call. I ask them about the dinar. hehe They said what would you like to know. I said we never have talked about it, do you guys have any. To my unknown knowledge of this they have schooled me to the gradulation cerimonies of my time. hehe out of 3 of my contacts one has 50 million another has 25 million and the last has 10 million with a waiting for 10 million more. Need I say more.

Last Note: They said Tommy you didn't know? Sorry Mate thought you did.

Originally Posted by Offshore-Wealth.com

Greetings,

The fact tht international trade is being established is a bullish sign of economic growth. And with Iraq getting a great deal, this adds to their economic bottom line, so it is all good news. The more international trade, the higher the value of dinar will go. (g)

Good luck to all, Mike

Duh! I guess that was simple enough. Thanks Mike, I must need another cup of coffee so I can comprehend.

I am already on my second cup. Sign me up for the Investment Club. I have 1 mil coming and just ordered more today. I read in this forum and order more. I will need the peg to get me out of the poor house.

Originally Posted by flygirl1

I am already on my second cup. Sign me up for the Investment Club. I have 1 mil coming and just ordered more today. I read in this forum and order more. I will need the peg to get me out of the poor house.

flygirl1 welcome to the dinar club. I just jumped this trained too. About a week now. There is alot of Good people here. They are planing a great party. Visit the poll thread for your vote if you havent already.

Neno, Please where might the poll thread be. I bounce around this forum with no direction. How do I visit this thread. I was on this forum until 2:38 last night. The problem with that is that I get so excited I can't sleep.

here you go flygirl

http://www.rolclub.com/showthread.php?t=7890

Thanks, I just voted. No wonder I don't sleep. This keeps me excited all day. I got into PIPS late so I didn't experience this excitement. I am off to the bank to fund my dinar. I will be back and read whats going on.