from USDA/FAS

The European Commission has proposed an amendment to the low and medium wheat import quota system that would enable the U.S. and Canada to use the part of the quota previously reserved for 'other countries' (i.e. all but U.S. and Canada).

Roughly 1.4 MMT of additional quota for 2003 will now be available for these two countries exports to the EU.

The Regulation enters into force the day after publication, which is expected next week, with Monday the 17th as a possible first date for bidding for quotas.

The complete USDA/FAS report is in PDF format at http://www.fas.usda.gov/gainfiles/200311/145986714.pdf