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Global wheat prices have sky-rocketed since Russia invaded Ukraine, disrupting supply from the world’s largest wheat exporting region while boosting Australia’s profile as markets look to shift trade flows. Australian Premium White, or APW, wheat index jumped by $28/mt since Feb. 23, the day before Russia invaded Ukraine, to $380/mt FOB Kwinana March 2, according ...

(Bloomberg) -- With wheat flows from the Black Sea region snarled by Russia’s invasion of Ukraine, buyers are starting to consider forward contracts for Australian grains as far out as the third quarter, said top shipper CBH Group.