Europe Has Most to Lose From Russia's Expanding Wheat Empire
- Russia is taking steps to sell wheat in Algeria, a key buyer
- That would be ‘nightmare’ for French exports: Strategie Grains
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European farmers, particularly in France, will be the hardest hit if Russia succeeds in breaking into the fourth-biggest wheat importing market.
France is currently the top supplier of wheat to Algeria, which buys huge amounts of grain to feed its population. But there’s growing speculation this key trading relationship will be undercut by Russia, which can supply wheat at a cheaper price.