05252016Wed
Last update: Wed, 25 May 2016 08pm

Europe

Markets - Commodities - Europe

EU seen in no rush to act to boost sugar supplies LONDON: The European Commission appears unlikely to move rapidly to alleviate tight sugar supplies in the EU, with any action expected to be delayed until the summer, trade sources said.High internal sugar prices following the lowest beet harvest in more than four decades in 2015/16 have sparked speculation that the EU might take steps to boost supplies.Trade sources said, however, the Commission might wait until evidence emerged of vessels loading sugar in Brazil under an existing preferential quota for the EU, and until the harvest outlook in drought-hit southern Africa, a supplier to the EU, became clearer."They will put off a decision as long as possible," a senior London-based broker said.The EU sugar management committee is next scheduled to meet later this month but another trade source said no proposal to boost supplies had circulated among the trade so far.A press spokesperson of the Commission was not immediately available.Trade sources ...

Markets - Commodities - Europe

Copper slides, worries about Chinese demand dominate mood LONDON: Copper prices fell on Thursday in tandem with Chinese equities as worries about growth and demand in top consumer China dominated the mood, though a weaker dollar limited losses.Benchmark copper on the London Metal Exchange ended down 0.9 percent at $4,890 a tonne in official rings. It hit a four-month high of $5,059 last week on expectations China would move to stave off a further economic slowdown.Chinese equities fell as investors interpreted data showing ...

Markets - Commodities - Europe

EU wheat down after volatile session rocked by euro swings  PARIS: European wheat ended in negative territory on Thursday after a volatile session which saw prices rocked by swings in the euro, first hammered by the European Central Bank's interest rates cut before reversing on hints they would not go lower.Benchmark May milling wheat on Paris-based Euronext unofficially closed 0.3 percent lower at 154.25 euros a tonne.The euro hit a six-week low against the dollar after the ECB rate cut but then rose to a ...

Markets - Commodities - Europe

Palm oil down with futures on poor exports ROTTERDAM: Palm oil on the European vegetable oils market was offered a little lower on Thursday, tracking Malaysian palm oil futures, which dipped on disappointing exports during February, though stocks that month fell around six percent."The exports worried many players and a strong ringgit pushed futures down even further. March 1-10 exports could boost optimism as they were some 50 percent up from the same period a month ago," one broker said.Palm oil was mostly ...

Markets - Commodities - Europe

Tunisia tenders for 67,000 T soft wheat, 25,000 T feed barley HAMBURG: Tunisia's state grains agency has issued an international tender to purchase 67,000 tonnes of soft milling wheat and 25,000 tonnes of feed barley, European traders said on Thursday. The tender closes on Friday, March 11, they said. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Cocoa hits two-month high, raw sugar steadies LONDON: Cocoa on ICE edged up to the highest in more than two months on Thursday, underpinned by concerns the West African mid-crop could be smaller than last year, while raw sugar hovered near a seven-week high.Coffee futures were little changed near multi-week highs, with arabicas supported by a firm Brazilian real currency. Cocoa dealers said there remained considerable uncertainty over the crop outlook in West Africa, after a spell of hot, dry weather damaged ...

Markets - Commodities - Europe

Wheat, soybean rally stalls on ample supply PARIS/SYDNEY: US wheat and soybean futures edged lower on Thursday as a six-session rally stalled in the face of ample global supplies of the crops and as investor awaited the outcome of a closely watched European Central Bank policy meeting.The most active Chicago Board of Trade soybeans future was down 0.1 percent at $8.84-1/2 a bushel, as it eased back from Wednesday's five-week high of $8.88 a bushel.The most active CBOT wheat contract also edged ...