Port of Thunder Bay feels pain of lower wheat shipments - News Summed Up

Port of Thunder Bay feels pain of lower wheat shipments


Overall tonnage shipped through the port was down by more than a third at the end of May, driven by reduced wheat shipments after a poor 2021 season. THUNDER BAY – The Port of Thunder Bay is reporting lower numbers to start the shipping season, with grain shipments that are down by nearly half from last year the primary culprit. The decline in wheat shipments comes despite the Russian invasion of Ukraine putting pressure on global supply, with the two countries accounting for nearly 30 per cent of wheat exports. A bright spot for the port came in the form of potash shipments. Overall, the total amount of 1.55 million tons shipped through the port by May 31 was down substantially from 2.38 million tons at the same time last year.


Source: The North Africa Journal June 04, 2022 03:24 UTC



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