07302016Sat
Last update: Sat, 30 Jul 2016 08pm

Asia

Markets - Commodities - Asia

Asia Rice-Prices up in India, near 5-mnth low in Vietnam HANOI: Asian rice export prices were mixed on Wednesday, with prices in top exporter India edging up on higher demand and lower supplies, while Vietnamese prices fell to near the lowest in five months on a lack of buying interest, traders said. India's 5 percent broken parboiled rice rose by $4 a tonne this week to $382-$392 a tonne, free on board (FOB), on higher demand and dwindling supplies."Demand is improving. Prices could rise by another $15 (per tonne) in the next few weeks," said M. Adishankar, executive director at Sri Lalitha, a leading rice exporter based in the southern Indian state of Andhra Pradesh.India's rice exports this year are forecast to fall 9.7 percent from 2015 to 10 million tonnes, the UN Food and Agriculture Organization (FAO) said in a report on Monday.Overall, the FAO forecast world rice trade to drop 1.5 percent from 2015 to 43.9 million tonnes, ...

Markets - Commodities - Asia

India's PEC pushes back deadline for 80,000 tonnes corn purchase tender HAMBURG: Indian state-run trading company PEC has pushed back by one day the offer deadline for an international tender to buy and import 80,000 tonnes of yellow corn (maize), European traders said on Wednesday. The tender now closes on July 22 instead of July 21 and offers must remain valid until July 29 instead of July 28 previously, they said.The corn must be free of genetically-modified organisms (GMOs) and shipment is sought between July 27 ...

Markets - Commodities - Asia

China steel futures hit July low after weak home price data SHANGHAI: Chinese steel futures fell as much as 7 percent to a near three-week low on Tuesday, as slowing home price rises stoked worries about demand in the world's top consumer of the alloy.Home prices in China slowed in June for a second straight month, adding to fears that a construction-led economic rebound in the economy may be unsustainable.Benchmark October prices for rebar, or reinforcing bar - a steel product used for construction, on the ...

Markets - Commodities - Asia

Gold holds on to overnight losses as risk-on mood drags BENGALURU: Gold was mostly unchanged on Tuesday, holding on to its losses from the previous session as a pickup in investor appetite for risky assets capped demand for the precious metal.Gold shed almost a percent on Monday, when stock markets in the United States logged record highs amid hopes that a decline in US corporate earnings was bottoming out - dragging on bullion's safe-haven appeal.As of 0645 GMT on Tuesday, spot gold was up 0.1 ...

Markets - Commodities - Asia

Japan offers to buy 165,048 tonnes food wheat via tender TOKYO: Japan's Ministry of Agriculture is seeking to buy a total of 165,048 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday.Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month.Copyright Reuters, 2016 ...

Markets - Commodities - Asia

TOCOM falls on weak oil prices, stronger yen TOKYO: Benchmark Tokyo rubber futures ended 0.6 percent lower on Tuesday as the market came under pressure from weak oil prices and a stronger yen against the dollar. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, were also pressured by early losses in Shanghai futures, which ended higher at the close.A stronger yen makes Japanese currency-denominated assets more expensive when purchased in other currencies."The market is thin ...

Markets - Commodities - Asia

Vietnam Coffee-Prices drop tracking global market, buying stable HANOI: Vietnamese coffee prices dropped on Tuesday in line with global trends, while buying by foreign importers remained stable following strong exports so far this year, traders said. Domestic coffee prices dropped to 38.3 million to 38.5 million dong ($1,720 to $1,729) a tonne on Tuesday, from 38.6 million to 38.9 million dong a week ago, tracking the global futures market.Robusta coffee futures turned lower on Monday after finding early support from a poor harvest ...