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Russia-China Grain Deal Raises Concerns

Competition may be heating up big time in one of Canada’s top markets for grain, oilseeds and pulses. Russian grain exporting company Food Export Trade LLC (FET) signed what is reported to be a US$26 billion contract to supply China with 70 million tonnes of grain, pulses and oilseeds over the next 12 years...Grain in the FET megadeal would be routed through Grain Terminal Zabaikalsk, a grain railway terminal at Russia’s border with China’s Inner Mongolia, according to the website.

Read more about Russia-China grain deal here