Trade War a Boost for South American Cereal Suppliers, UN Says

South American nations are poised to benefit from the US-China trade war by filling gaps in global supply chains for agricultural commodities like cereals, according to a top United Nations economist.

Countries including Brazil, Argentina, Paraguay and Uruguay stand to benefit from ongoing tensions between the economic powerhouses by positioning themselves as alternate cereal providers to the US for large importers like China, the UN’s Food & Agriculture Organization Chief Economist, Maximo Torero, said in an interview with Bloomberg Television on Tuesday.

WATCH: Torero discusses South America’s agriculture exports.

Source: Bloomberg

“We are living in a very concentrated market where we have very few exporting countries of ...