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Copper falls after weak China manufacturing data LONDON: Copper prices slipped on Monday, pressured by weak factory data from China that raised concerns about the outlook for demand from the world's top metals consumer.Three-month copper on the London Metal Exchange fell 0.5 percent to $6,948.50 on Monday, after ending August down 1.9 percent - its first monthly loss in four months.Volumes were expected to remain subdued as markets in the United States were shut for the Labor Day holiday.Growth in China's vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more.China is the world's largest copper consumer, accounting for as much as 40 percent of global demand."The Chinese manufacturing data once again increased speculation that the (world's) second-biggest economy is slowing down and this has made traders cash in some of their chips," said Naeem Aslam, chief market ...

London cocoa dips from near 3-1/2-year high, ICE shut LONDON: Cocoa futures on Liffe fell on Monday as dealers locked in gains from last week's 3-1/2-year highs, while white sugar firmed and robusta coffee edged up in light technically driven dealings.ICE softs markets were shut for the Labor Day holiday.London cocoa futures extended losses from Friday's fall."Dealers are taking profits, and the market could go for another little dip today, before New York opens again tomorrow," a London-based cocoa futures broker said.Liffe December cocoa ...
Russia's wheat prices up on record exports MOSCOW: Russian wheat prices rose last week, supported by a record pace of exports which offset pressure from harvesting, analysts said on Monday. Russia, one of the world's largest wheat exporters, supplied a record 4.5 million tonnes of grains, including 4.2 million tonnes of wheat, to foreign countries in August, SovEcon, a Russian agriculture consultancy, said, citing preliminary data. "The price growth is supported by domestic and export demand," SovEcon said in a note. Concerns ...
Copper set for biggest monthly drop LONDON: Copper edged higher on Friday as the euro steadied, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand. International news has been dominating metals trade during a summer lull, which has been exacerbated by tougher credit conditions in China as banks have tightened risk controls since a suspected financing fraud in China's Qingdao port ...
Sugar set for monthly fall, cocoa steadies LONDON: Raw sugar futures on ICE eased on Friday pressured by plentiful near-term supplies, while cocoa steadied after rallying to within sight of a fresh three-year peak in month-end dealings.Arabica coffee eased in choppy trade, with the market focused on drought damage to Brazilian crops.Volume was light in the ICE softs markets ahead of Monday's closure for the US Labor Day holiday. Regular trading will resume on Sept. 2, the exchange said. Benchmark ICE October ...
Commodity markets buoyed by mounting Ukraine crisis LONDON: Crude oil and wheat prices were lifted this week by intensifying concerns over the Ukraine crisis, while gold advanced as many investors sought shelter from geopolitical tensions.Many commodities also rose on bright economic growth data in the United States, a top consumer of many raw materials including crude oil.The country's economy expanded at an annual rate of 4.2 percent in the second quarter, up from the prior growth estimate of 4.0 percent, official data ...
German 2014/15 sugar output to rise to 4.39mn tonnes HAMBURG: Germany's refined sugar production in the new 2014/15 season is forecast to rise 0.9 million tonnes on the year to 4.39 million tonnes, Germany's Agriculture ministry said on Friday in its first harvest forecast. The ministry said it was using the estimate given by Germany's sugar industry association WVZ on Aug. 21 as the basis for the forecast. German farmers have planted about 374,400 hectares of sugar beet for harvesting in the new season, ...


Index Closing Chg%
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Foreign Debt $61.805bn
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WeeklyAugust 28, 2014
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