Global wheat prices rise sharply after a UN-brokered deal to ship grain out of Ukraine ended last month, with the effects felt by some of the world's poorest nations.
More competition for a scarcer resourceAnd there are no fast solutions to the problem according to Mr Voznesenski."The alternative to sending grain through the is either to send it by road, rail, or a very large avenue was the Danube River system in the south-west of Ukraine.""Will the ports be rebuilt? Yes. In the Danube River system ports will have to be rebuilt because there's literally no other large avenues to get grain out of Ukraine.
More than 14,000 kilometres from the conflict, Ryan Milgate is looking over his wheat crop in Minyip in the Wimmera region in the north-west of Victoria. "It could be drought, could be conflict, could be politics. Unfortunately, that's a stark reality of the world we're in."They'll get the price now, or like Mr Milgate, a different price when most Australian wheat is cut anywhere from October to December, depending on conditions."But it's a supply-demand market, it comes in different ways."
Another is to deal with the two key factors in farming far beyond the control of one man: weather and the price paid for different commodities. The price of bread and cereal products rose 11.6 per cent in the year to June, and that's before the collapse of the Black Sea grain deal and Russian bombings of Ukrainian ports.
"The domestic market effectively has to pay to stop the wheat being exported. And that's a function of just any sort of supply and demand market.
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