The American company Cargill stops the sale of seeds, fertilizers and chemicals in the black sea region countries, while expanding trade in grain. Reports Agro2b.ru with reference to Reuters.

Cargill will gradually break the business of selling seeds, fertilizers and chemicals in the black sea countries, including Russia, Ukraine, Romania and Hungary, and completely go out of business in the region by the end of may.

The company failed to implement many of the anticipated cumulative effects between the sale of agricultural products and purchase of grain.

Instead, Cargill will increase the volume of purchases of grain in the black sea countries. "The company will refocus its attention on the origin, merchandising, and trade in grain and oilseeds on these markets", - is spoken in the statement published on 17 February.

Last year Cargill began restructuring in response to changes in the global market of agricultural raw materials. Due to the fall of commodity prices in international agricultural companies were under pressure, which was exacerbated by slowing demand from China and weakness in emerging markets.

The glut of offers on the world markets of grain and oilseeds has led to a sharp drop in prices, which prompted farmers to reconsider their spending, including expenditures on fertilizers, seeds and chemicals.