Argentina is set to lose its status as the world's top exporter of processed soy meal due to the toll of historic drought on the country's main cash crop, a major exchange said on Tuesday.
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Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy to deal with sea mines, underwriters and brokers say.
Major Indonesian coal miners have sought exemptions from a coal export ban put in place at the start of the year as the costs of having scores of ships stranded offshore continue to mount.