09252016Sun
Last update: Sun, 25 Sep 2016 01am

Europe

Markets - Commodities - Europe

European vegoils-Palm oil prices rise on tight supplies LONDON: Palm oil prices in Europe were buoyed on Tuesday by tight supplies, a rise in Malaysian futures to a five-month high and further gains in CBOT soybean oil. Dealers said palm oil output from Malaysia, the world's second-largest producer, has been curbed by dry weather linked to an El Nino weather event, resulting in lower than average crop yields. Malaysian palm oil futures surged to their highest in five months on Tuesday, recording a third straight session of gains. Sellers of RBD palm olein raised offers by $2.50 to $10 per tonne with January/March shipment last traded at $669, up $6.50 from Monday. Crude palm oil asking prices were $5 to $17.50 a tonne higher. EU rapeseed oil offers were also higher with Feb/April delivery traded at 745 euros a tonne, up 6 euros from business on Monday. CBOT soyoil's most active contract was up 2.3 percent at 33.85 ...

Markets - Commodities - Europe

Indian buyers purchased around 76,000 T Ukrainian wheat HAMBURG: Indian importers have purchased around 76,000 tonnes of Ukrainian-origin wheat in the past couple of weeks as India increases its wheat imports after a poor crop, European traders said on Tuesday. One shipment of around 51,000 tonnes was purchased for September shipment and another of 25,000 tonnes was bought for October shipment, they said. It is possible that more could have been purchased, they said. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

LME report shows funds boost net long copper position LONDON: The total net long position of funds trading copper on the London Metal Exchange rose to 22,674 lots last Friday from a net long position of 10,566 lots the previous week, the LME's Commitments of Traders Report (COTR) showed on Tuesday. Funds overall were long 120,937 lots and short 98,263 lots. One copper lot is 25 tonnes. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Sugar prices slip from 4-year peak, arabica coffee rises LONDON: Raw sugar futures on ICE were lower on Tuesday in a largely technically-driven correction after the market's recent run-up to the highest level in more than four years. March raw sugar was down 0.29 cents or 1.31 percent at 22.46 cents per lb by 1326 GMT.The second month had risen on Monday to a more than four-year peak of 22.95 cents, extending gains after an explosive rally on Friday which had seen prices rise ...

Markets - Commodities - Europe

Indian buyers purchased around 76,000 T Ukrainian wheat HAMBURG: Indian importers have purchased around 76,000 tonnes of Ukrainian-origin wheat in the past couple of weeks as India increases its wheat imports after a poor crop, European traders said on Tuesday. One shipment of around 51,000 tonnes was purchased for September shipment and another of 25,000 tonnes was bought for October shipment, they said. It is possible that more could have been purchased, they said. The deals were in addition to wheat bought by ...

Markets - Commodities - Europe

Zinc climbs on speculative buying, China outlook LONDON: Zinc rose on Tuesday, rising for a second day after two weeks of losses, supported by speculators betting on shortages and an uptick in Chinese demand for industrial metals. Zinc was the top performer on the London Metal Exchange with benchmark prices climbing 1.4 percent to $2,282 a tonne by 1400 GMT after gains of 1.6 percent on Monday. Zinc is also this year's favourite LME metal for investors with gains of 42 percent ...

Markets - Commodities - Europe

Gold steadies as investors bet against Fed hike LONDON: Gold steadied on Tuesday ahead of a two-day US Federal Reserve meeting that investors are betting will leave interest rates unchanged.Spot gold was up 0.1 percent at $1,313.68 an ounce by 1420 GMT, while US gold futures were down 0.1 percent at $1,316.90."We are back in this pattern where the expectations about the next rate hike determine the short-term swings - when they are pushed backwards, gold rises and when they are pulled forward ...