date:Aug 08, 2014
l would benefit most from the food bans, though there may be a residual impact for Argentine commodities if Brazilian supplies aren't enough to satisfy Russia's need for grains, which they said was unlikely.
The biggest opportunities will likely be for oils and meals rather than grains, but we think that Russia will turn to Brazil as a supplier first, given that Brazil is part of BRICS, said one trader, referring to the economic bloc that also includes Russia, India, China and South Africa.
Ru