COMMODITY BRIEFS

COMMODITY BRIEFS

RED WINTER WHEAT CROP

EXPECTED TO RISE IN '92

KANSAS CITY, Kan. - Participants at the Millers' National Federation soft red winter wheat meeting in Stuart, Fla., Tuesday pegged the 1992 U.S. crop at 405.3 million bushels, up almost 25 percent from last year, a spokeswoman for the group said in Washington.

In 1991, the United States produced 325.2 million bushels of soft red winter wheat, compared with 547.1 million in 1990. Last year's crop was cut by wet conditions during spring and during harvest, she said.

Details on yield and acreage estimates related to the crop forecast were not yet available from the participants, she said.

INDIA IS STILL SEARCHING

FOR WHEAT IMPORTS

NEW DELHI, India - India has yet to finalize any deals for its planned import of 1.1 million tons (1 million metric tons) of wheat, but price will be a key consideration when a decision is reached, Tarun Gogoi, the foods minister, told Parliament.

India has been trying for the past month to buy the wheat from the United States at a subsidized rate, but the purchase is becoming problematic.

The U.S. agriculture secretary, Edward Madigan, reportedly has said the United States will not sell wheat to India at a subsidized rate because of its

plans to supply rice to Cuba.

BRAZIL COFFEE MEETING

INCONCLUSIVE ON QUOTAS

BRASILIA - A meeting between Brazilian coffee market leaders and government officials was inconclusive on a possible return to export quotas, and mainly addressed domestic coffee policy issues, participants said.

On Friday, coffee producers agreed in Sao Paulo on the need to reopen export-quota talks under the International Coffee Organization.

After Monday's meeting here, Oswaldo Aranha, president of the Brazilian Coffee Exporters Association, told Knight-Ridder Financial News that exporters have never been against negotiating an International Coffee Agreement, but it would have to be an agreement that would not hurt Brazil.