News: GNC Australia's Graincorp says Black Sea export disruption could last 'several years'

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    MELBOURNE, May 11 (Reuters) - Australia's Graincorp (GNC) , the country's top grains handler, said disruptions to exports from the Black Sea because of the Ukraine conflict could potentially last several years.

    "Whilst it's very difficult to predict exactly what's going to happen in the Black Sea, it's certainly our view that it's going to be disrupted for a significant period of time," Graincorp Managing Director Robert Spurway said.

    "It could run to several years, given the very disruptive hostilities on the ground in Ukraine, the infrastructure in that country that's been damaged."

    Ukraine and Russia together account for about 30% of the world's wheat trade.

    Spurway was speaking to analysts after the company reported a record half-year result and said it was on track for a "an exceptional result" for the full year.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$7.57
Change
0.015(0.20%)
Mkt cap ! $1.681B
Open High Low Value Volume
$7.55 $7.62 $7.50 $2.282M 301.5K

Buyers (Bids)

No. Vol. Price($)
34 8677 $7.56
 

Sellers (Offers)

Price($) Vol. No.
$7.57 8768 30
View Market Depth
Last trade - 13.50pm 31/07/2025 (20 minute delay) ?
GNC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.