Conflict

The high cost of fuel around the nation has put service station owners in the spotlight – sometimes for the wrong reasons. Richard Ireland is one of the directors of Weipa Servicentre and explains why the price in the Western Cape is different to other outlets.

New Agribusiness Australia analysis shows a rapidly evolving global trading environment, with profound, radical implications for grains production and markets. Major consumers of grains and oilseeds are in urgent need of supply and are being forced to compromise to maintain food security.

Mark Allison, Chair of Agribusiness Australia, analyses the state of play for Russian-Australian trade and what the Ukrainian conflict may mean for key global commodities.

Australia wheat farmers can expect increased farmgate prices following Russia’s invasion of Ukraine, although the local impact is not expected to match that seen globally. Together, Russia and Ukraine make up nearly 30% of global wheat exports. Ukraine’s military has suspended commercial shipping at its Black Sea ports, which is tipped to disrupt the supply chains of grain and oilseeds exporters.

The Russia Ukraine conflict will have large ramifications for global and Australian grains and oilseeds markets, and particularly wheat, according to agribusiness banking specialist Rabobank. The loss of access to all Black Sea wheat exports has not occurred in more than 100 years.