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Commodities

Australia's record wheat harvest is no fix for the global food crisis

Logistical challenges hold back exports as concerns grow over next year's crop

SYDNEY -- Clogged ports and soaring fertilizer costs are impeding Australia's bid to boost exports of its bumper wheat harvest, worsening a global food crisis.

Australia typically accounts for 10-15% of the 100 million ton annual global wheat trade and was seen as making up some of the shortfall this year from Russia and Ukraine, which together supplied more than a quarter of the world's wheat before Russia's invasion.

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