RAIN STALLS AUSTRALIAN HARVEST

Australia’s 2010/11 wheat harvest is being slowed by continuing rain across eastern states, raising concerns over crop quality. More rain was forecast for last week, threatening to further delay harvesting. An analyst said protein levels in Australia were likely to be lower than normal, leading to quality downgrades, as rain had promoted growth at the expense of protein. Expected shortages of high protein Australian Prime Hard (APH) wheat, sought after by makers of Chinese style yellow noodles and Japanese Ramen noodles, have already led to skyrocketing prices for top-end grades. – REUTERS

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