date:Jun 21, 2013
Wheat buyers in Asia are looking to replace Indian and Australian cargoes in the lower-end feed grain market with cheaper supplies from the Black Sea, which will be returning to the region after a three-year gap.
But quality-sensitive consumers in Asia are unlikely to substitute their food supplies with Russian and Ukrainian grain despite a ban on U.S. white wheat by major consumers Japan and South Korea.
Thailand and the Philippines have already bought some 200,000 tonnes of Black Sea wheat i