Global Commodity Trading Profits Topped $100 Billion for Second-Best Year Ever
- Industry’s profits over $100 billion for second year running
- Margins are still relatively high despite a drop from 2022
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The commodity trading industry reaped its second-best year ever in terms of profits, banking over $100 billion and building up a mountain of cash to spend on assets and breaking into new markets.
While earnings fell from 2022’s blockbuster records, profits across the sector still easily eclipsed prior highlights such as in 2008-2009, according to analysis from consultancy Oliver Wyman LLC.