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‘Uncertainty’ in wheat market expected following abandoned Russian deal

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ABARES Executive Director Jared Greenville says Australian wheat producers should expect volatility in the market following Russia’s withdrawal from a deal to allow food shipments from Ukraine.

“This step to stop the Black Sea trade will add a significant amount of volatility to world markets,” Mr Greenville told Sky News Business Editor Ross Greenwood.

“That uncertainty is really a key kind of bit of information that’s going to drive some of the outcomes we see in world markets.”

 

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