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Bankruptcy Commodities

Phoenix Commodities has gone into liquidation after amassing $400m in potential trading losses

Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]

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States told to ensure no hurdles to agri exports

The Government of India (GoI) has asked states to ensure that farmers don’t face any problems in shipping exportable items during the lockdown. India is a big exporter of agricultural products with an agri export revenue of $38 billion in 2018-19. The government has identified 21 agricultural products, including honey, potatoes, grapes, soybeans and groundnuts, […]