BRAZIL BUYS RUSSIAN WHEAT AFTER EXPANDING EX-MERCOSUR QUOTA
MOSCOW/SAO PAULO, July 22 (Reuters) – Russia shipped two wheat cargoes to Brazil this month, totaling 60,000 tonnes, in the first trades of their kind this year, according to people with knowledge of the matter.
Purchases of the Russian cereal, confirmed by sources at trading firms Sodruzhestvo and Glencore, followed a new tariff-free quota for Brazilian wheat imports from outside the Mercosur bloc, which includes neighboring Argentina, Brazil’s main wheat supplier.
By Polina Devitt, Olga Popova and Roberto Samora via Successful Farming