Commodities trade finance revenue pools continue to decline: revenues from institutional clients and corporates with annual sales turnover in excess of $5 million were down from $2.4 billion in the first half of last year to $1.7 billion for the first six months of 2020, according to data from Coalition.
Unsurprisingly, the decline was particularly pronounced in the second quarter of this year, with $700 million of business done compared to $1.2 billion in the same period of 2019.
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