According to The Australian Financial Review, GrainCorp chief executive Robert Spurway says Australian wheat remains in high demand even with sizable exports starting to flow out of Russia despite international trade bans applied over its war on Ukraine.
Mr Spurway said global demand for grain continued to outstrip supply with GrainCorp on track to export 8.5-9.5 million tonnes in the year to September 30. GrainCorp is loading ships as fast as it can at its seven east coast port terminals but is slightly behind where it was at this time last year in moving grain after late rain and flooding in some of the worst-hit regions. https://www.afr.com/companies/agriculture/graincorp-on-track-for-another-big-profit-as-world-clamours-for-wheat-20230216-p5cl3u
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