6 years ago
Mexico turns to Russia for cheaper wheat amid trade tensions with US
Mexico's grain millers are reportedly shifting their trade priorities to be less dependent on U.S. exports ahead of possible retaliatory tariffs by the Mexican government in response to the Trump administration's trade moves, a decision that could have major effects on the domestic grain market. Reuters reports that three major grain milling companies in Mexico that have purchased the vast majority of their wheat and other grains from the U.S. are looking at Russian suppliers and other options in Latin America.
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