As the accredited port of entry for Iraqi food supplies, Aqaba is now a major trading centre attracting foreign companies such as rice and wheat distributors from Australia.

BBC: Jordan hopes for economic upturn

To put that in perspective, India's wheat wastage each year is almost equal to Australia's entire production of wheat.

ECONOMIST: The conflict in Honduras

The USDA lowered its forecast of Australia's wheat crop by 2% to 25 million metric tons to reflect recent flooding.

WSJ: Grain Prices Soar as U.S. Slashes Outlook

Recently vast tracts of productive land has been out of commission as floods hit farmland Australia, which exports its wheat and sugar cane around the world.

FORBES: China Tackles Inflation. Food Prices Rising. Good For Monsanto & Syngenta.

Australia's weather woes, plus the collapse of wheat exports from the Black Sea since last summer, are expected to lift U.S. wheat exports to their highest level in 18 years.

WSJ: Grain Prices Soar as U.S. Slashes Outlook

The U.S. is the world's top wheat exporter, but it faces growing competition from Ukraine, Russia and Australia.

WSJ: Asian Buyers Shun U.S. Wheat