01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Asia

Markets - Commodities - Asia

Prices ease after rally on USDA crop data PARIS/SINGAPORE: Chicago grain and soybean futures edged lower on Friday as a day-earlier rally sparked by some lower-than-expected US government crop estimates stalled in the face of hefty global supplies.The Chicago Board of Trade most-active soybean contract was down 0.5 percent at $10.35-1/2 by 1201 GMT. It had closed up nearly 3 percent on Thursday after touching a three-week high following the US Department of Agriculture (USDA) crop data.CBOT's soft red winter wheat benchmark was down 0.2 percent at $4.25-1/4 a bushel but its hard red winter wheat futures edged up 0.5 percent to $4.46-3/4, reflecting a particularly steep drop in HRW area in the USDA sowing estimates.Corn was down 0.3 percent at $3.57-1/4 a bushel."On balance the USDA's ... reports were considered slightly bullish," Rabobank analysts said in a note, adding, however, that the publication "confirms overall large US and global supply of grains and oilseeds".Soybeans had led gains ...

Markets - Commodities - Asia

Palm oil sees biggest gain in a week on stronger Dalian, exports KUALA LUMPUR: Malaysian palm oil futures rose nearly 2 percent on Wednesday, tracking stronger rival oils on the Dalian Commodity Exchange and boosted by demand from China.A 6.4 percent fall in November output and forecasts of a further decline in production in January contributed to the gains.Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange were up 1.7 percent to 3,133 ringgit ($701) a tonne at the close of trade, the ...

Markets - Commodities - Asia

India has no plan to cut sugar import tax for now-food minister NEW DELHI: India, the world's biggest sugar consumer, is not considering to cut import duty on the sweetener at least in the near term, Food Minister Ram Vilas Paswan said on Wednesday. Sugar prices in the local market have risen more than 10 percent in a month on an expected drop in the production after back-to-back drought ravaged cane crop in the top producing western state of Maharashtra. India's sugar production in 2016/17 is likely ...

Markets - Commodities - Asia

Palm hits 1-1/2-week low on stronger ringgit, weaker rival oils KUALA LUMPUR: Malaysian palm oil futures were on track for a third straight session of declines on Friday, hitting their lowest in more than a week, as weaker performing rival oils and a stronger ringgit weigh on prices.Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange were down 0.8 percent at 3,071 ringgit ($687) a tonne at the midday break. Earlier in the session, they hit 3,069 ringgit, their weakest since ...

Markets - Commodities - Asia

China's 2016/2017 sugar output at more than 2.3mn tonnes BEIJING: China's 2016/17 sugar production had reached more than 2.3 million tonnes by December, the state planner said on Friday, citing data from the China Sugar Association. One of the world's top sugar importers, China's crushing season typically starts each year in November.Sales in the 2016/17 season so far have reached 1.2 million tonnes, added the National Development and Reform Commission.Copyright Reuters, 2017 ...

Markets - Commodities - Asia

Malaysia Dec 1-31 palm oil exports fall 5.7pc KUALA LUMPUR: Exports of Malaysian palm oil products for Dec. 1-31 fell 5.7 percent from a month earlier to 1,086,535 tonnes, dropping from 1,152,535 tonnes during the Nov. 1-30 period, cargo surveyor Intertek Testing Services said on Monday.Copyright Reuters, 2017 ...

Markets - Commodities - Asia

Palm falls on weaker soyoil, year-end profit taking KUALA LUMPUR: Malaysian palm oil futures eased on Thursday, dipping after two sessions of gains on year-end profit-taking and in line with declines in rival soyoil.The tropical oil had risen to its highest in a week-and-a-half on Wednesday, supported by a rebound in exports and tight market supplies.Benchmark palm oil futures for March delivery on the Bursa Malaysia Derivatives Exchange were down 0.7 percent at 3,106 ringgit ($693) a tonne at the end of the ...