Baltic exchange (Baltic Exchange – commodity and freight exchange, acting as independent global market on the conclusion of brokerage contracts for ocean freight) will launch a freight indices for grain and liquefied natural gas (LNG) with the aim of entering new markets. It is reported by the AGN. Grain Online, citing the Executive Director of the Baltic Exchange. In 2016. Baltic Exchange was acquired by the Singapore exchange (SGX).
Baltic Exchange as a new project has developed a new reference route for the supply of grain from South America and USA to China.
This season, the profitability of grain operation of the largest agricultural companies, such as ADM or Bunge has plummeted due to a glut of grain on world markets. The introduction of a new tool in the form of grain freight will provide the most volatility of this market, "expanding trade opportunities".
Photo: iragro.ru
Translated by service "Yandex.Translation"