TRADE AND COMMODITIES

Vale’s ‘radical’ change for ore logistics arm

VALE has revealed how it has seized control of its shipping costs with a “radical” six-month restructure of its freight and logistics business.

Promising signs for new wheat harvest

A BETTER than expected start to the crop season has prompted National Australia Bank to revise higher its wheat production forecast for the next financial year.

GrainCorp upgrades its profit forecast

GRAINCORP has increased its 2009 net profit forecast by as much as 50% as demand from new bulk and wheat exporters generated a better than expected level of grain receivals.

Coal & Allied profit up despite lower volumes

THE PORT of Newcastle’s largest coal exporter, Coal & Allied, has posted a 66% jump in first half profits despite production cutbacks.

ABB Grain chief to retire

ABB Grain managing director Michael Iwaniw was to retire last week, the grains marketer said in a statement.