SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Goose94 who wrote (81179)3/31/2020 2:54:22 PM
From: Goose94Read Replies (1) of 202988
 
World hungry for Canadian grain amid pandemic, with shipments abroad rising

Mar 31, '20

Canadian grain is in high demand as shippers try to feed a growing appetite from mills and governments seeking to shore up staple reserves amid the COVID-19 pandemic.

The Chamber of Marine Commerce says grain shipments at the Port of Thunder Bay in Ontario doubled year over year in March, with vessels loading 200,000 tonnes last week and higher volumes expected to continue.

Carsten Bredin, who runs merchandising at Richardson International Ltd. — Canada's largest grain handler — says demand for wheat and durum at flour mills and pasta plants around the world is on the rise as customers stock up on staples, partly in preparation for extended lockdowns triggered by steps taken to contain the novel coronavirus.

Canadian National Railway Co. chief executive JJ Ruest said last week that demand for grain has been particularly strong over the past month.

He said shipments of the bulk product will likely stay "solid" at least through May, despite sagging container traffic and potential layoffs at the railway as global supply chains wobble.

Wade Sobkowich, who heads the Western Grain Elevator Association, says strong demand in Europe and Africa is a welcome follow to a tough year that saw rail blockades, labour action and a late harvest trip up shipments of grain and other goods.

Coronavirus:
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News