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Global commodity trading earnings reach record $115bn

The commodity industry made record gross profits of more than $115bn from trading activities last year, driven by the war in Ukraine and sanctions on Russia. Financial players such as hedge funds also enjoyed big gains.

1 min read
  • The commodity industry made record gross profits of more than $115bn from trading activities last year.
  • The biggest gainers were the independent trading houses — such as Trafigura, Vitol and Glencore — which had the balance sheets to stay in the market.
  • The European energy crisis sparked by the war in Ukraine and the imposition of sanctions on certain Russian commodities drove a big shift in global trade flows.
  • Financial players such as hedge funds earned an estimated $12bn from trading activities in 2022.
  • Demand for commodities also rose in 2022, as economic activity rebounded after pandemic restrictions were eased.
Global commodity trading earnings reach record $115bn
Independent houses benefit most from soaring profits driven by Ukraine war
Financial TimesLeslie Hook

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