Grain Highlights 18.09.2023
The wheat production in Kazakhstan for 2023/24 is not expected to exceed 12.5 million tons. – According to IKAR, the forecast for wheat production in Russia for 2023/24 is 91 million tons, with exports expected to be 49.5 million tons, which would be a new record for the country. – During the week of September […]
Ship Recycling Down 14% So Far This Year
The ship recycling activity has fallen by almost 14% so far this year, according to data from Xclusiv Shipbrokers. This, despite the fact that prices haven’t fallen that much in Southeast Asia. In its latest weekly report, the shipbroker said that “despite the fact that the demolition market is at almost similar levels as one […]
Grain Highlights 02.09.2023
According to StatsCan, the wheat production in 2023/24 in Canada is forecasted to reach 29.5 million tons (down by 14% compared to 2022/23), marking the second weakest performance in the last 8 years. As of August 30, 2023, Russian farmers have harvested 105 million tons of grain in gross weight. The sowing of new winter crops […]
Grain Highlights 01.09.2023
Egypt’s state company GASC plans to purchase 50,000 tons of Bulgarian wheat without a tender at a price of 263.77 USD/ton FOB with delivery scheduled between October 5th and 20th. Egypt’s state company GASC plans to purchase 50,000 tons of Bulgarian wheat without a tender at a price of 263.77 USD/ton FOB with delivery scheduled […]
Grain Highlights 30.08.2023
Rusagrotrans forecasts wheat exports from Russia in August to reach 5.1 million tons (compared to 4.8 million tons in the previous estimate). From ProZerno, the export price of sunseed oil from Russia for 2023/24 is expected to be within 850 – 1,050 USD/ton. Deviations from this range are unlikely. During the period of July 1st […]
Container ships are waiting at Asian ports as retailers struggle to shift excess stock
It’s been a slow summer for shipping routes from Asia to Europe and beyond — and hopes of a traditional peak season when holiday orders are imported are fading.As firms making goods from apparel to electronics hold excess stock, there’s less of a demand to ship products. This means some vessels are waiting in ports […]
Grain Highlights 26.08.2023
For the second time this month, Rusagrotrans has raised its forecast for the Russian wheat production in 2023 by 3.3 million tons to 92 million tons. For the second time this month, Rusagrotrans has raised its forecast for the Russian wheat production in 2023 by 3.3 million tons to 92 million tons. Under certain circumstances, […]
Grain Highlights 25.08.2023
Insurance companies involved in insuring the export of Russian oil through the Black Sea have increased their premiums by around 1% to 1.2 – 1.25%. Insurance companies involved in insuring the export of Russian oil through the Black Sea have increased their premiums by around 1% to 1.2 – 1.25%. This means that each cargo […]
Grain Highlights 24.08.2023
According to the forecast by the Union of Agronomists in Kazakhstan, the wheat production in the country is not expected to exceed 10 million tons in 2023. During the period from July 01 to August 23, 2023, Ukraine exported 3.832 million tons of grains (compared to 3.327 million tons by August 25, 2022), including 1.558 […]
ENGINE: East of Suez Bunker Fuel Availability Outlook
SingaporeA source says that Singapore has been witnessing average demand so far this week. VLSFO availability has been getting tighter in the port, with lead times doubling from 3-5 days last week to 7-11 days now.Lead times for HSFO, on the other hand, have come down from 9-11 days last week to 6-8 days now. […]