Terry McCrann in 'Herald Sun' writes what is obvious to many:"...In all the confusion and uncertainty of what might happen in and around Ukraine – and how this will impact the world economy and global financial markets – one thing does seem clear.
This is that we almost uniquely in the world export the sort of things – from coal and LNG to wheat - whose prices will be driven higher by the war; both its continuation and any likely, almost certainly messy and ugly, aftermath.
Ukraine and Russia are together the ‘bread-basket’ of Europe.
It’s not just oil and gas, but most particularly wheat.
Ukraine and Russia are together the ‘bread-basket’ of Europe. Russia is the world’s biggest wheat exporter; add on Ukraine and the two of them command close to one-third of the global wheat trade.
Very simply, will Russia be allowed to keep exporting wheat? Will a war-battered Ukraine be able to?
Whatever, bluntly, it’s going to be a free-kick for other wheat exporters, including obviously us..."
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Last
$7.59 |
Change
0.020(0.26%) |
Mkt cap ! $1.687B | |||
| Open | High | Low | Value | Volume |
| $7.72 | $7.81 | $7.56 | $7.452M | 974.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.60 | 1850 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| GNC (ASX) Chart |