Russian state trader to supply 300,000 T of wheat to Venezuela in 2017/18

Russian state-controlled grain trader United Grain Company will supply 300,000 tonnes of Russian wheat to Venezuela in the 2017/18 marketing year, which starts on July 1, the company said in a statement on Tuesday. Venezuelans have in recent years had to line up to buy bread or eat something else in the face of its soaring cost. The supply deal was agreed during a telephone call between Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro on May 18, the trader added. More…