Egypt’s first deal on the international wheat market after a long absence is expected to complete even after the army ousted the country’s first democratically elected president earlier this week, traders said on Thursday. Egypt’s armed forces overthrew Islamist President Mohamed Mursi on Wednesday, after the armed forces chief General Abdel Fattah al-Sisi said Mursi […] Read more
Egypt’s political turmoil unlikely to derail vital wheat buy
Deregulation sparks rise in grain container trade
Deregulation of grain trading in Australia has led to an explosion in shipments in containers rather than bulk — a trend that may be repeated in Canada, although on a less spectacular scale, industry sources said on Tuesday. Australia, where grain markets were deregulated in 2008, now ships around two million to 2.5 million tonnes […] Read more
Vitol plans grain market debut, hires Viterra traders
Hired Trading houses expanding into new commodities markets were quick to pounce on Viterra staff not needed by Glencore
Reading Time: 2 minutes Reuters / Top oil trader Vitol is building a global grains desk and has taken advantage of Glencore’s takeover of Canadian grains giant Viterra to hire a team of its traders, trading sources said Feb. 20. Vitol, which has an annual turnover of nearly $300 billion, will vie for market share along with rival trading […] Read moreEnergy firm hires Viterra traders for grain market debut
Top oil trader Vitol is building a global grains desk and has taken advantage of Glencore’s takeover of Canadian grains giant Viterra to hire a team of its traders, trading sources said Wednesday. Vitol, which has an annual turnover of nearly US$300 billion, will vie for market share along with rival trading firms Gunvor and […] Read more
Cyber-Savvy Farmer
