date:Apr 04, 2014
ant factor affecting crops, Russia's annexation of Crimea introduced fear into grain markets and the wheat market in particular, and risked damaging trade patterns, a FAO senior economist told Reuters.
Political tensions of the sort we see today have the risk of taking us back to a Cold War situation, where countries make purchases of grain not only based on price differences offered but also because of political alliances, Abdolreza Abbassian said.
In March, FAO's cereal price index rose sign