Europe
Monday, 06 May 2013 22:12
63
PARIS: The French farm ministry on Monday cut its estimate of the area sown with rapeseed for this year's harvest after farmers dug up some crops that had suffered from heavy rain.Analysts have been expecting the fall in area to cost France its place as the European Union's top rapeseed producer this year, with Germany forecast to regain the leading position after enjoying more favourable growing conditions.The rapeseed area in France is now estimated at 1.48 million hectares, down from 1.52 million seen last month and now 8 percent lower than the 2012 level, the farm ministry said.The Centre region, Poitou-Charentes in the west and Lorraine in the northeast accounted for 90 percent of a decrease of about 128,000 hectares compared with last year, it said."Due to the heavy rain during winter, rapeseed in these zones experienced difficulties in plants establishing themselves and emerging, leading in some cases to plots ...
LONDON: Copper jumped almost 5 percent and was on track for its strongest gain in almost a year and half as economic stimulus moves by central banks raised investor confidence over industrial metals demand growth.Benchmark copper on the London Metal Exchange was up 4.6 percent to $7,160 by 1105 GMT from a close of $6,848 on Thursday, its biggest daily increase since Nov. 30 2011.The European Central Bank (ECB) cut interest rates for the first ...
PARIS: Chicago corn rose to a one-month high on Friday, on track for its biggest weekly rise since July, as wet weather continued to delay planting in the US Midwest, raising expectations for corn acres to switch to soybeans.Wheat was flat, after a rise the previous day as the market was driven up by concerns over drought damage to the US winter crop, while soybeans edged higher, tracking gains in corn and wheat.Rain and snow ...
NEW YORK: Brent crude rose nearly $3 a barrel on Thursday, closing shy of $103 as a rate cut by the European Central Bank supported riskier assets.The ECB cut its main interest rate to a record low of 0.50 percent, sparking a broad commodity rally and boosting equities and the dollar, one day after the US Federal Reserve said its own monetary policy would remain unchanged.A better-than-expected US jobless claims report suggested the employment market ...
NEW YORK: Central American coffee exporters and farmers have started picking up their phones to sell coffee again, after a leaf rust disease swept through the high elevations, devastating plants and reducing yields, US importers said on Thursday."I'm beginning to see some offers come out of Central America on a voluntary basis," said Christian Wolthers of green coffee importer Wolthers America in Florida."The first news was so bad the (reaction) was, 'let's sit down and ...
NEW YORK: Cotton futures rallied on Thursday, prompted by short-covering after a rout during the previous session that spurred buying and also supported by US government weekly export data seen as indication of solid demand, dealers said.The most-active July cotton contract on ICE Futures US gained 1.81 cents, or 2.2 percent, to settle at 85.68 cents per pound, after earlier surging more than 4 percent to as high as 86.98 cents per lb.It was the ...
AMSTERDAM: US wheat fell 1 percent on Wednesday after hitting a one-month high in the previous session, as traders banked profits following an uncertain outlook for the winter crop, adding to pressure from a broad sell-off in commodities.Corn fell for the second straight session, despite continued concerns over potential yield losses from delayed plantings, while soybeans fell for the first time in five sessions.Chicago Board Of Trade July wheat, the most actively traded contract, fell ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
