BEST adds its fourth connection to Asia improving transit times for exports
At the beginning of 2023, the Mediterranean Shipping Company (MSC) took the decision to reintroduce the Dragon service connecting the Asian continent with the Mediterranean Sea. The service was discontinued in March 2020 due to changes in demand resulting from the first phase of Covid-19. Previously, the service was offered in a different format and […]
Grain Highlights 09.05.2023
Poland wants the European Commission to introduce a ban on the import of Russian agricultural products into the EU. – The EBITDA indicator for corn producers in Ukraine in 2022 is 44 USD/hectare, which is the lowest level for the last five years. The level was normally above 200 USD/hectare. Even in the dry 2020 […]
China’s logistics activities slow in April, expectations unabated
China’s logistics industry expanded at a slower pace in April but companies remain upbeat about the sector’s outlook as a sustained economic recovery and holiday consumption is expected to boost logistics activities. The index tracking the country’s logistics market performance stood at 53.8 percent in April, down 1.7 percentage points from the previous month, data […]
Grain Highlights 08.05.2023
According to Rusagrotrans data, 4.4 million tons of wheat were exported from Russia in April (4.74 in the previous estimate). – According to Rusagrotrans data, 4.4 million tons of wheat were exported from Russia in April (4.74 in the previous estimate). In May, exports are expected to reach 4.1 million tons, which will be another […]
Study: Ammonia cracker realistic and safe method for large-scale hydrogen imports
A study by Fluor shows that it is technically and economically feasible to safely convert ammonia into 1 million tons of hydrogen per year using a large-scale cracker. The study was commissioned by the Port of Rotterdam Authority and 17 companies from the region. Hydrogen and hydrogen compounds such as ammonia play a key role […]
Grain Highlights 06.05.2023
Refinitiv Commodities Research has raised its forecast for the 2023/24 corn production in the United States by 2 million tons to 377 million tons (+28.2 million tons compared to 2022/23). – From the beginning of the season to 05/03/2023, the export of grain from Ukraine reached 41,906 million tons, including 311,000 tons in May. Exports […]
Grain Highlights 05.05.2023
As of April 1, 2023, wheat stocks in Russia reached 27.6 million tons (+79% compared to the average level for the last five years), which is a record for this time of the season. – According to data from the Russian Grain Union, 5.03 million tons of wheat were exported from Russia in April, which […]
Singapore ammonia bunkering gets reality check from port authority, industry
Top global ship fuelling hub Singapore is unlikely to be ready for ammonia bunkering by the end of this year, Singapore’s Maritime and Port Authority (MPA) said, while industry players have also raised concerns about feasibility. The port authority’s clarification came after the Global Centre for Maritime Decarbonisation (GCMD) said on April 27 that Singapore’s […]
Grain Highlights 03.05.2023
According to SovEcon’s forecast, wheat exports from Russia will be 43 million tons in 2023/24. – According to SovEcon’s forecast, wheat exports from Russia will be 43 million tons in 2023/24. In 2022/23, exports of 44.4 million tons are expected (44.5 in the previous estimate). The new wheat production is estimated at 86.8 million tons […]
Grain Highlights 02.05.2023
The European Commission has agreed on the cancellation of national restrictions on the import of wheat, corn, rapeseed and sunseed with Poland, Hungary, Slovakia, Romania and Bulgaria. Farmers in these countires will be provided a second aid in the amount of 100 million euros. – According to the data of APC – Inform, in March, […]