Major Grain Exporter Sees More Supply Woes on Ukraine Volatility
- Russia war adds pressure on existing demand, GrainCorp says
- Company is one of Australia’s biggest grain exporters
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Strong grain demand will outstrip supply for years to come, stoking more volatility that’s been exacerbated by the war in Europe, according to one of Australia’s biggest wheat exporters.
With global inventories at historically low levels, pressure on supply is increasing due to the conflict affecting the Black Sea shipping corridor, as well as the lingering effects of the pandemic, said GrainCorp Ltd. Chief Executive Officer Robert Spurway.