02142016Sun
Last update: Sun, 14 Feb 2016 07pm

Markets - Commodities

Markets - Commodities - Middle East & Africa

Ivorian cocoa arrivals seen at 1,104,000 tonnes by Feb. 7 ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached around 1,104,000 tonnes by Feb. 7 from the start of the season on Oct. 1, exporters estimated on Monday, down from 1,141,000 tonnes during the same period of the previous season. Exporters estimated around 41,000 tonnes of beans were delivered to the West African state's two ports of Abidjan and San Pedro between Feb. 1 to Feb. 7 down from 48,000 tonnes during the same period last year.Copyright Reuters, 2016

Markets - Commodities - Americas

US cotton farmers seen boosting acreage 6.2pc this year NEW YORK: US cotton farmers are expected to boost acreage by 6.2 percent this year as weak market prices for competing crops including corn and soybeans lead them to devote more area to the fiber, an industry group concluded after a survey.The National Cotton Council, or NCC, expects plantings in the world's biggest exporter to rise to 9.1 million acres (3.7 million hectares) in 2016, slightly lower than median expectations of 9.7 million acres (3.9 ...

Markets - Commodities - Europe

India's PEC issues tender to import 240,000 T corn: trade HAMBURG: Indian state-run trading company PEC has issued an international tender to import 240,000 tonnes of yellow corn (maize), European traders said on Sunday.The tender closes on Feb. 12 and offers must remain valid up to Feb. 19, they said.Sources said on Dec. 31 that India would ask state-run traders to import half a million tonnes of duty-free corn after a second drought in the country cut crops.India is traditionally a major corn exporter to ...

Markets - Commodities - Middle East & Africa

Egypt seeks to reassure wheat market after two cancelled tenders CAIRO: Egypt sought to reassure wheat markets over its import requirements on Sunday after weeks of confusion over the allowed limits of a fungus rattled traders and prevented its state grain buyer from purchasing wheat in two successive tenders.Egypt, the world's largest importer of wheat, has sent confusing messages to exporters in recent weeks, with agriculture authorities demanding a zero tolerance level for ergot, a common grains fungus, that traders say is impossible to guarantee.In ...

Markets - Commodities - Asia

Gold perched near 3-mth high ahead of US jobs, eyes best week in 4 MANILA: Gold was trading near its highest since October on Friday, on track for its strongest weekly gain in a month as the dollar was pressured by growing doubts the Federal Reserve can stick to its interest rate hike campaign.A shaky global economy has lifted buying interest in gold, making it among the best performing assets with a year-to-date gain of nearly 9 percent. Other precious metals rode on gold's rally, with silver and platinum ...

Markets - Commodities - Asia

Iron ore scores best week in 9 months ahead of China holiday MANILA: Iron ore finished the week with its biggest weekly gain since last April, after racing to its highest since November as buyers snapped up spot cargoes ahead of the Lunar New Year holiday.Slower shipments from top suppliers Australia and Brazil amid weather risks while Chinese buyers restocked ahead of the Feb. 8-12 break fuelled iron ore's rally, traders said. Trading activity was limited on Friday just before the holiday break.Some market participants were unsure ...

Markets - Commodities - Australia

London copper set for third weekly rise ahead of Lunar New Year MELBOURNE: London copper fell on Friday, but was set for a third consecutive week of gains as signs of stabilisation in the market and a weaker dollar convinced traders to close short positions ahead of Lunar New Year holidays next week in China. The dollar steadied in Asian trading on Friday but remained on track for weekly losses, as investors braced for US employment figures later in the session for the latest clues on the ...