04292016Fri
Last update: Fri, 29 Apr 2016 03pm

Europe

Markets - Commodities - Europe

European vegoils-Crude palm oil eases on weaker ringgit ROTTERDAM: Crude palm oil was offered mostly easier on Tuesday on the back of a weaker ringgit, which at the same time underpinned firm Malaysian palm oil futures due to export hopes. "The easier ringgit made palm oil cheaper for foreign buyers, which could boost export demand," one broker said. Crude palm oil was offered between $2.50 a tonne up from Monday and $10 a tonne down after Malaysian palm oil futures closed between 15 and 25 ringgit per tonne higher, supported by a decline in the ringgit against the dollar, which triggered short covering. At 1630 GMT CBOT soyoil futures were between 0.07 and 0.10 cents per lb up, supported stronger Chicago soybeans, on concerns over rain-induced planting delays in the US soybean belt because, and due to gains in energy markets. EU rapeoil was offered between one and two euros per tonne up from Monday, with a weaker ...

Markets - Commodities - Europe

European feeds-Soymeal up with CBOT on planting delay fears ROTTERDAM: Soymeal on the European meals and feeds market rallied on Tuesday following renewed sharp gains in CBOT soycomplex futures because of concerns over planting delays in the US soybean belt. "The European cash market continued to follow Chicago because there are not many other leads to work with. The recent volatility discouraged buyers from entering the market as they are worried that what they buy today is too expensive tomorrow," one broker said. South ...

Markets - Commodities - Europe

Gold demand from Asia plummets in first quarter: GFMS LONDON: Gold prices that hit a 13-month high last month are likely to fall back in the short term because of a slump in demand from key Asian consumers, GFMS analysts at Thomson Reuters said in a report on Tuesday.Global gold demand tumbled by 24 percent year on year to 781 tonnes in the first three months of the year, its weakest quarter in seven years, as buying from leading consumers India and China plummeted, ...

Markets - Commodities - Europe

Raw sugar steadies; London cocoa dips on sterling strength LONDON: Raw sugar on ICE steadied on Tuesday, with some dealers anticipating a record Brazilian cane crush for the first half of April, while London cocoa eased on a stronger pound.Coffee was little changed, with a focus on lower than usual yields as the robusta harvest began in Brazil.There was also little movement in raw sugar futures that were pressured by expectations for a brisk start to the cane crush in centre-south Brazil.A Platts survey ...

Markets - Commodities - Europe

Gold retreats ahead of Fed and BoJ policy meetings LONDON: Gold retreated on Tuesday as a rebound in assets viewed as higher risk, such as oil and stocks, diverted some attention from the metal, though prices remained hemmed into a narrow range ahead of a US Federal Reserve policy meeting. The Fed is expected to hold interest rates steady at the meeting starting on Tuesday, but traders will be watching for changes to its assessement of the US economy, which could point to more ...

Markets - Commodities - Europe

Copper slides as worries about China demand resurface LONDON: Copper prices fell on Tuesday in a sell-off fuelled by worries that expectations of stronger demand in top consumer China were overly optimistic, though a weaker dollar helped support prices. Benchmark copper on the London Metal Exchange was trading down 0.9 percent at $4,949 a tonne at 0943 GMT."Going back to January everybody was extremely bearish about China and they are way too optimistic now," Oxford Economics analyst Dan Smith said."We're going to see ...

Markets - Commodities - Europe

European feeds-Soymeal down sharply on CBOT technical selling ROTTERDAM: Soymeal on the European meals and feeds market dropped on Monday following Friday's sell-off in CBOT soymeal futures which was triggered by profit taking after recent gains on worries over rains in Argentine growing areas. "The European cash market fixed its prices on Friday's weak close in Chicago. The lower levels failed to attract many buyers because of the current volatility and uncertainty about where the market is heading to," one broker said. South ...