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West Australian grain supplier the CBH Group has acknowledged criticisms but also defended its record at the 2010 Australian Grains Industry Conference held at Melbourne’s Crown Promenade Hotel.

Just 18 months ago, the world economy was in deep recession and the container shipping industry was under severe pressure as overcapacity levels increased and freight rates plummeted.

The Baltic Dry Index rose yesterday with better cargo activity boosting sentiment.

Australian policymakers needed to do more to encourage the use of bio-fuels in the transport industry, according to Caltex managing director Julian Segal.