BLOG

Each smart trader has its own price tools. The bigger the trader - the more global are the tools. In 2022, Russia invented its new tool in the form of war against another grain giant – Ukraine. Prices for all major commodities rerouted their way. The Grain Corridor became the sluiceway for Ukrainian grains, and Russia feels like a commander, telling prices to make pushups. On 18 March, the deal was prolonged, however, it has not provided support to the prices, as Russia said it wanted the agreement to be extended for 60 days instead of 120 days, that is painful for Ukrainian exports, and still, there is no clear official information about the period of the deal validity.

Another large global wheat harvest is expected in 2023/24. Based on projections for a modest pullback in harvested area and, with productivity seen retreating from the prior year’s record, total output is tentatively forecast at 787m t (-2%), about 2% more than average. Cumulative production in the eight major exporters is seen 14m t lower y/y, at 387m t.

The design and construction of a grain processing plant require a high degree of technical expertise and careful planning to ensure that the plant is as efficient and effective as possible. By working with experienced engineers and mill construction experts, CESCO can help to optimize the processing plant throughput and minimize their operating costs.