Australia's Graincorp says Black Sea export disruption could last 'several years'
11/05/2022 01:27
MELBOURNE, May 11 (Reuters) - Australia's Graincorp
GNC.AX , 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. urn:newsml:reuters.com:*:nL3N2X24LI
(Reporting by Sonali Paul; Editing by Tom Hogue)
((Sonali.Paul@thomsonreuters.com; +61 407 119 523;))