While other Asian grain importers do not expect retaliation for the U.S. tariffs, limited vessel availability and trade war uncertainty are weighing on purchases, traders said.
Traditional U.S. wheat buyers such as Japan and South Korea are expected to continue buying U.S. cargoes, but they may buy corn and soybeans from alternative suppliers in South America and the Black Sea region.
“At the moment, purchases of U.S. products have virtually stopped. But looking ahead, we expect Japan and South Korea to continue buying U.S. wheat as they are obligated to buy from the U.S.,” said a second Singaporean trader.
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