Tuesday, 21 May 2013 17:11
Posted by Muhammad Iqbal
MOSCOW: Russian Grain Union has raised the top end of its 2013 harvest forecast range due to the good condition of winter grains, its head said on Tuesday, indicating that crop risks due to dry weather this month were limited.The union has expanded its 2013 grain harvest forecast range to 90-100 million tonnes from a previously expected 90-95 million tonnes, Arkady Zlochevsky, the head of the lobby, told Reuters.It also raised its forecast of the 2013/14 exportable surplus to 25 million tonnes of grain from a previously expected 20 million tonnes.Copyright Reuters, 2013 ...
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MOSCOW: Russian Grain Union has raised the top end of its 2013 harvest forecast range due to the good condition of winter grains, its head said on Tuesday, indicating that crop risks due to dry weather this month were limited.The union has expanded its 2013 grain harvest forecast range to 90-100 million tonnes from a previously expected 90-95 million tonnes, Arkady Zlochevsky, the head of the lobby, told Reuters.It also raised its forecast of the 2013/14 exportable surplus to 25 million tonnes of grain from a previously expected 20 million tonnes.Copyright Reuters, 2013 ...
LONDON: Raw sugar futures on ICE hovered above a 34-month low on Tuesday, as bumper crops in producers including Brazil and Mexico kept prices under pressure, while arabica coffee and cocoa futures were steady.July raw sugar futures eased 0.01 cent or 0.1 percent to 16.80 cents per lb at 1103 GMT, matching the previous session's near three-year low."The market has been in a continued downtrend since the end of last year," said Andrey Kryuchenkov, analyst ...
LONDON: Copper slipped on Tuesday as traders grew nervous ahead of a slew of factory data this week and as they focused on disappointing import numbers from top consumer China, though losses were capped by confidence in the US economy.Benchmark three-month copper on the London Metal Exchange traded down 0.24 percent at $7,381 a tonne at 0846 GMT, eating away at Monday's gains of more than 1 percent.Copper has rebounded from 18-month lows hit earlier ...
LONDON: Raw sugar futures on ICE fell to the lowest level in nearly three years on Monday as the strong pace of cane crushing in top producer Brazil exerted further downward pressure on the market already struggling to absorb excess supplies.July raw sugar on ICE fell 0.09 cent or 0.5 percent to 16.80 cents a lb, the lowest level for the benchmark front month since July 2010.Copyright Reuters, 2013 ...
LONDON: Copper rose on Thursday, rebounding from earlier falls, as the dollar weakened against the euro and a basket of currencies, but further gains for the metal were capped by concern about lacklustre demand from top consumer China.Three-month copper on the London Metal Exchange closed at $7,280 a tonne, up from $7,198 on Wednesday.It is on track for a 2 percent fall this week and a fall of 9 percent so far this year.Further weakness ...
PARIS: European wheat futures extended losses in late Thursday trading after a fall in Chicago, but operators remained hesitant about prospects for this summer's northern hemisphere harvests.November milling wheat on the Paris futures market closed down 1.50 euros or 0.71 percent at 208.75 euros a tonne.The November contract on London's feed wheat futures fell below 180 pounds per tonne for the first time since May 2."The market is treading water," a French cash broker said. ...
