Baltic index logs 10% weekly drop as demand for larger vessel wilts away
The Baltic Exchange’s main sea freight index closed the trading week at a 10% decline, pressured by lower demand in the larger vessel segments. The overall index that factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, however, edged up by 1 point to 978 on Friday. The capesize index […]
Grain Highlights 23.07.2023
IKAR predicts that the 2023/24 production of oilseeds in Russia will reach 27.5 million tons (compared to 29.1 million tons in 2022/23). According to data from Rusagrotrans, Russia’s wheat exports are expected to reach 4.1 – 4.2 million tons in July 2023 (surpassing the previous record of 4 million tons in July 2018). IKAR predicts […]