Global crop merchants such as Cargill and Louis Dreyfus are placed for a jump in their share of Russian grain trading, as knock-on effects of current export bans clobber domestic rivals, a leading analyst has said.
Many of Russia’s private traders have been forced to give up assets, such as elevators, which were placed as collateral against bank loans, because of the loss of revenues to the export ban.
“For Russian companies, it is going to be more and more challenging to stay in business,” said a Moscow-based analyst.