date:Jul 29, 2014
n any signs of potential disruption in grain flows from the Black Sea.
LOCATION MATTERS
Up until the 2001-02 crop year, Black Sea wheat exporters had failed to secure more than 10 percent of global wheat trade due to a fragmented production and distribution system as well as limited connections with buyers in the top importing regions such as the Middle East and Africa, which collectively account for roughly 45 percent of world wheat imports.
But over the past decade or so, traders and grain