(PortOfHalifax.ca)

Virus fears weigh on global shipping sector

MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13






(PortOfHalifax.ca)

Baltic Dry Index near 2-1/2-year lows

The Baltic Dry Index (BDI) has dropped sharply over the past two months, as declining global demand for commodities — especially from China — weighed on the economic indicator. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. The BDI






Last crop year Canada exported 70,000 tonnes of wheat and 135,000 tonnes of barley to Saudi Arabia.

Saudi sanctions add to market access woes

The list of customers trying to block Canadian grain is a growing concern to the industry

Saudi Arabia isn’t a big Canadian grain customer, but Canada’s grain sector isn’t happy about losing access to it in the wake of a diplomatic spat sparked by Canada’s criticism of Saudi Arabia’s poor human rights record. “I think we really do need to see a focus from all government agencies and departments that they