The WSJ called the Russian wheat export threat to American farmers

© RIA Novosti / Igor Taraborrelli in fotosensibilizatora technique. Archival photoThe WSJ called the Russian wheat export threat to American farmers© RIA Novosti / Igor Taraborrelli the image Bank

Russian farmers win the competition in the grain market, American farmers, the newspaper the Wall Street Journal.

According to the publication, last agricultural year wheat exports from Russia increased by about 50 percent to 40 million tons, and this is a record figure for a quarter century. In the last three years, Russia has twice bypassed the United States in the status of a major exporter.

«Growing competition from Russia — another threat to American agriculture, at a time when the industry is experiencing the largest wave of closures of farms since the 1980-ies,» — said in the article.

The publication indicates that Russian farmers can strengthen their position in the world market, taking advantage of trade disputes the United States and China. So, Beijing has introduced a rate of 25 percent for U.S. wheat.

While farmers failed to benefit from it, however, the Russian grain and without it able to compete in the market because their quality was better and they are cheaper, says the interlocutor of the newspaper, the Director of the Swiss company Solaris Commodities Svitan still.

Source