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Trafigura projects increasing volatility in commodity trading

Trading house Trafigura finished the financial year 2015/16 with a setback on the bottom line, though the low commodity prices boosted volumes. Trafigura points to continuing difficult market conditions and pressure on producers through 2017.

Photo: /ritzau/Nabil al-Jurani/Arkiv

Geneva-based Trafigura, one of the world's largest commodity traders in oil, metal, and minerals, saw its result take a dip in the financial year 2015/16, which ended Sept. 30.

The net result dropped USD 975 million, down 12 percent from USD 1.1 billion last year, while the revenue fell to USD 98.0 billion, thus coming in more or less in line with last year's USD 97.2 billion, according to Trafigura's annual report, published Wednesday.

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