Waterlogged Australian wheat crop faces extensive quality downgrades
Flooding and excessive rains across key parts of Australia's wheat growing areas have resulted in extensive damage to what was expected to be a record bin-busting high quality crop just a few weeks ago, exacerbating concerns over world food supplies. A lower quality crop in Australia, the world's No.2 supplier of the grain, comes as dryness in North America and the Russia-Ukraine war curb global supplies, fuelling red-hot food prices.
Read More