Russia’s end to Ukrainian grain export deal set to benefit local farmers during their fourth consecutive year of healthy harvests
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Australian farmers are locking in surging grain prices ahead of their imminent harvest after Russian missile strikes on Ukrainian ports and a decision by the Kremlin to pull out of the Black Sea grain deal to allow agricultural exports caused a rally.
The disruption to the major wheat-producing Black Sea region could spell disaster for countries already reeling from rising living costs, conflict and drought, especially in the Horn of Africa.
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