FILE PHOTO: Worker Damien Smith holds wheat grains as he assists with loading a train at the town of Mallala, located north of Adelaide, South Australia, August 20, 2018. REUTERS/David Gray
March 10, 2022
By Sonali Paul and Praveen Menon
MELBOURNE/WELLINGTON (Reuters) – Phones are ringing off the hook in Australia as buyers hunt for supplies of coal, gas and wheat to replace cargoes from Russia and war-torn Ukraine, but local producers are being hampered by infrastructural and labour constraints.
With shipping disrupted out of the Black Sea and U.S. sanctions on Russian oil as well as sanctions on Russian banks hitting trade finance, supply shortages are looming for coal, liquefied natural gas (LNG) globally.
Wheat, coal and LNG prices have soared to record highs as Russia and Ukraine together account for about 30% of the world’s wheat trade, while Russia is the…
