Mighty fall: Container line profits plummet from historic peak
China’s Cosco Group — the world’s fourth-largest container line operator with an 11% market share — finally closed its books on 2022 just as the first quarter of 2023 came to an end. The Chinese company’s results highlight the steep decline that began last year and that continues through today. Early revenue reporting on the […]
Grain Highlights 22.04.2023
Agritel forecast a 2023/24 Russian wheat production of 83.2 million tons. The Ministry of Agriculture of Russia predicts a wheat production of 78 million tons (104.2 in 2022/23). – During the week starting on 26.04.2023, the export tax on Russian wheat will be 5,759.5 rubles/ton (5,678.9 a week earlier). The export tax on barley will […]
Grain Highlights 21.04.2023
The Ministry of Agriculture of Russia forecasts a 2023/24 grain production in the country of 123 million tons, including wheat production of 78 million tons. – The CNH Industrial company, which is one of the leading manufacturers of agricultural machinery in the world, is leaving Russia and selling its assets in the country for about […]
Grain Highlights 20.04.2023
The European Commission has offered compensation to farmers from Eastern Europe in connection with the supply of Ukrainian grain in the amount of 100 million euros. – From the beginning of the season to 19.04.2023, 40.092 million tons of grain were exported from Ukraine, including 2.115 million tons in April. Wheat exports were 13.734 million […]