Monday, 6 February 2017

Brazil will start to buy Russian wheat

Last Friday the Russian Ministry of Agriculture and the Brazilian Ministry of Agriculture held a
meeting to discuss the state and prospects of development of cooperation in the agricultural sector.

According to the Russian Ministry, Brazil expressed an interest in importing Russian wheat once all the phytosanitary issues can be resolved.

Consequently Russia proposed to intensify the work of the Russian-Brazilian Agrokomiteta, presumably to facilitate trade by resolving any phytosanitary issues.

So although the Russian Ministry announced that Brazil will start to buy Russian wheat it includes the caveat that once all necessary regulations and phytosanitary issues have been resolved to the satisfaction of all parties.

Anybodies guess as to how long that might take.