THUNDER BAY, ONTARIO, ~~~ June 4, 2020 (LSN) Port of Thunder Bay experienced another strong month for grain shipments in May. More than 1.1 million metric tonnes (MT) of Canadian grain traversed the harbour, feeding strong demand for the commodity overseas.
Several factors have led to robust movement of Prairie wheat and canola through the port since the shipping season opened in March. Many countries are stockpiling amidst the pandemic, increasing demand. Global grain supply has also been impacted by drought in Australia and export restrictions in Russia. Australia, Russia, and Canada are among the top exporters of wheat globally. Canada has significant carryover stock from the 2019 crop, which was the second largest on record.
The pandemic has also increased available capacity in the supply chain for grain. Diminished movement of major railway commodities like oil and gas has freed up railway capacity. Both CN and CP railways have reported grain movement records in recent weeks. Strong grain shipments are anticipated to continue through the summer.
The port’s general cargo business will be revving up in the coming weeks. In June, Keefer Terminal will receive the first of several windmill component shipments expected this season.
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