FX.co ★ Ecuador to replace part of Canadian wheat with Russian one

Ecuador plans to buy Russian wheat as an alternative to Canada’s deliveries, TASS reported citing Andrea Navarro Toro, an international affairs specialist at state-run UNA. The company deals with state-controlled import sales of agricultural produce as well as represents interests of Ecuador’s farmers and entrepreneurs on the global market.
“We have reached an accord. However, exact volumes of supplies will be specified after we complete laboratory tests,” the UNA official made her comments. “We will bring home some wheat samples from Moscow. The tests will enable us to determine in which branches of the food industry we will be able to use these cereals. One thing is obvious – the agreement will be valid.”
Ecuador purchases about 400,000 tons of wheat on the global market annually. Canada accounts for the most part of import sales.
The state-owned UNA states that supplies from Russia will allow Ecuador to diversify the market. So, a delegation of Ecuador’s entrepreneurs headed by Patricio Chaves Zavala, the current Ambassador of Ecuador to Russia, arrived in the Sverdlovsk region.