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Russia’s invasion of Ukraine has placed further pressure on agricultural commodity flows, pushing prices higher and prompting longer-term warnings over food security and fertiliser availability. Together, Russia and Ukraine provide more than a quarter of the world’s wheat exports and a third of barley exports, according to research by agriculture-focused tech company Gro Intelligence. The ...
Africa’s first continent-wide digital system aimed at facilitating payments for goods and services in local currencies is weeks away from being deployed in live transactions, GTR can reveal. The Pan-African Payment and Settlement System (PAPSS) aims to enable the processing, clearing and settling of intra-African trade and commerce payments, leveraging a multilateral net settlement system. ...
Rising energy prices, shifting trade patterns and margin calls are driving liquidity shortages in the commodities trading market, experts warn, as banks reportedly remain nervous around lending. Following Russia’s invasion of Ukraine, European and US-led restrictions on oil and gas imports have rattled markets. Oil and gas price rises have accelerated due to potential supply ...
Re/insurance giant Swiss Re has launched its North American trade finance unit with a double hire. Basil Louvaris (pictured) has joined the firm’s global trade finance team as a senior underwriter and lead for the North America region. Starting the role with immediate effect, he reports to the re/insurer’s global head of trade finance, Marilyn Blattner-Hoyle. ...
GTR is pleased to reveal the shortlist for this year’s Leaders in Trade awards, which highlight excellence in the trade, commodity, supply chain and export finance and fintech markets. The names listed under each category are based on submissions sent to GTR and, where relevant, Best Deals signed in 2021 were referenced as further substantiation. ...