Trade conflict between the United States and China could further boost already booming grain and oilseed exports from the Black Sea region, traders and analysts said.
Reuters reports new opportunities to sell wheat, corn and soybeans to China and even the European Union are set to open up for the region’s main exporters Russia, Ukraine and Kazakhstan, whose recent ascendancy has already ended full U.S. dominance in markets such as Nigeria and Mexico.
The Black Sea region’s share of the international wheat market climbed to about 37% in 2017/18, according to the International Grains Council, comfortably topping the United States and Canada combined.
