Latest / The Commodities Trade Institute Podcast
Iron Ore Shortfall, $300k Black Sea Freight, Sugar Spike & Fuel Reserves
Glencore’s 86% earnings spike to $10.1 billion highlights commodity trading profits amid Middle East volatility, even as Rio Tinto warns of an 800-million-ton iron ore supply gap over the next decade. Escalating Black Sea ship attacks have pushed daily crude tanker costs above $300,000, contrasting with South America as Brazil exports over 400,000 tons of sorghum to China. Meanwhile, the FAO warns of impending global food inflation driven by input shocks, with Indian sugar prices hitting record highs on 30-year low inventories. To counter persistent supply disruptions, India is proposing a…
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