08252016Thu
Last update: Thu, 25 Aug 2016 02am

Europe

Markets - Commodities - Europe

European vegoils-Prices surge as palm oil supplies tighten LONDON: Palm oil prices in Europe were sharply higher on Wednesday, boosted by tightening supplies, while rival vegetable oil markets also advanced. Dealers said palm oil stocks were low with production curtailed by adverse weather linked to the El Nino weather phenomenon which brings scorching heat across Southeast Asia, lowering yields in key producers Indonesia and Malaysia. Demand from China should also boost prices. "We are expecting a big demand from China and stocks are low. I think prices are going to remain strong," one European palm oil dealer said. RBD palm olein offers ended the day between $12.50 and $20 a tonne higher with October/December shipment last traded at $702.50 a tonne, up $25 from last business on Tuesday. Malaysian palm oil futures notched up their strongest gain in over 10 months on Wednesday. Other vegetable oil markets also surged with the most active CBOT soyoil contract up 2.2 ...

Markets - Commodities - Europe

France wheat imports set to continue after poor crop PARIS: A vessel is due to reach France next week to unload wheat from Bulgaria while cargoes of UK wheat are also expected at French ports, shipping data showed on Wednesday, in a sign of unusual imports of wheat into France following a poor harvest. The bulk carrier AS Elenia is transporting 33,500 tonnes of wheat that was loaded at the Bulgarian Black Sea port of Varna, the data showed. France, the European Union's biggest ...

Markets - Commodities - Europe

EU wheat little changed, impact of poor French harvest assessed HAMBURG: European wheat futures were flat to slightly higher on Wednesday, supported by steady Chicago prices, as the European market awaited a clearer picture of how the weather-damaged French harvest would impact supply and demand this season.Front-month September milling wheat on the Paris-based Euronext exchange unofficially closed unchanged on the day at 163.25 euros a tonne. The most active December contract ended up a marginal 0.1 percent or 0.25 euro at 169.25 euros.Prices remained in ...

Markets - Commodities - Europe

London cocoa slips from one-month peak, sugar sharply down LONDON: London cocoa futures slipped from a one-month high on Wednesday on producer selling while sugar and coffee prices fell on weakness in Brazil's real currency.Dealers said Ghana-related selling of cocoa helped to temporarily stall the advance but the mood remained upbeat with a large deficit seen in the current 2015/16 season and an uncertain outlook for 2016/17.December London cocoa was off 1 pound or 0.1 percent to 2,430 pounds a tonne by 1402 GMT. ...

Markets - Commodities - Europe

Soybeans firm on strong export demand, wheat weak HAMBURG/SINGAPORE: Chicago soybeans rose on Wednesday as strong demand, especially from top importer China, outweighed prospects for a massive US soybean harvest this year.Wheat eased on expectations of plentiful global supplies following a bumper Russian harvest while corn ticked up as forecasts of a record US harvest were debated.Chicago Board of Trade November soybeans rose 0.2 percent to $10.09-1/4 a bushel.September wheat fell 0.2 percent to $4.22-1/2 a bushel. December corn rose 0.1 percent to ...

Markets - Commodities - Europe

Gold slips on hawkish US rate views ahead of July Fed minutes LONDON: Gold eased on Wednesday following hawkish comments from US Federal Reserve officials that raised the prospects of a rate increase this year ahead of the release of minutes from the last Fed policy meeting.New York Fed President William Dudley said a rate hike in September was possible, while Atlanta Fed President Dennis Lockhart said the US economy was likely strong enough for at least one rate increase before the end of 2016, with two ...

Markets - Commodities - Europe

London cocoa slips from one-month peak on producer selling LONDON: London cocoa futures turned lower on Wednesday on producer selling after reaching their highest level in more than a month.Dealers said Ghana-related selling helped to temporarily stall the advance but the mood remained upbeat with a large deficit seen in the current 2015/16 season and an uncertain outlook for 2016/17.December London cocoa fell 3 pounds or 0.1 percent to 2,428 pounds a tonne by 1135 GMT. The second month earlier rose to 2,436 pounds, ...