Baltic index slips on weak capesize, panamax demand
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a four-session winning streak on Tuesday, pressured by lower rates for capesize and Panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 7 points, or 0.5%, at 1,510. The capesize […]
Grain Highlights 26.04.2023
According to a Rusagrotrans forecast, the wheat production in Russia will reach 83.5 million tons in 2023/24 (+1 compared to the previous estimate). At the end of March, the forecast was increased by 1.5 million tons. – In May, the export tax on Russian sunseed oil will be 1,122.2 rubles/ton (1,398.9 in April). – MARS […]
Grain Highlights 25.04.2023
Weather conditions in Ukraine create serious problems for the sowing of spring crops. Rainfall is not much in volumes, but at the same time there are no sunny days to allow the soil to dry out for the sowing process to begin. – IKAR has lowered its forecast for the wheat production in Russia in […]