02132016Sat
Last update: Sat, 13 Feb 2016 09am

Europe

Markets - Commodities - Europe

Wheat eases after one-month high on Russia export doubts PARIS/SYDNEY: US wheat edged lower on Wednesday to come off a one-month high as a renewed slide in oil and equities hurt overall markets sentiment, and a proposal by Russia's farm ministry to cut a wheat export tax tempered speculation about export restrictions.Corn and soybeans were little changed as traders weighed bearish outside markets against weather concerns in South America and southern Africa.Chicago Board of Trade front-month wheat fell 0.8 percent to $4.81 a bushel by 1139 GMT, putting it on course to fall for the first time in five sessions. On Tuesday, prices hit their highest since Dec. 21 at $4.88-1/2 a bushel.Wheat has rallied on talk that Russia, one of the world's biggest exporters of the cereal, could toughen grain export terms to help curb domestic food prices.But First Deputy Agriculture Minister Evgenii Gromyko said on Wednesday his ministry had proposed removing or reducing a wheat export tax, ...

Markets - Commodities - Europe

Russia's Agriculture Minister proposes wheat export tax removal or cut MOSCOW: Russia's Agriculture Minister has proposed the government to discuss a state wheat export duty removal or cut, First Deputy Minister Evgenii Gromyko told reporters in Moscow on Wednesday.Russia currently has a floating tax on wheat exports. The formula is set at 50 percent of the customs price minus 6,500 roubles ($82) per tonne but not less than 10 roubles per tonne.Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Zinc hits three-week peak as bears retreat ahead of China break LONDON: Copper and zinc both gained on Tuesday as speculators scrambled to buy back short positions ahead of a holiday break in top metals consumer China and as oil prices bounced back.The lack of clarity ahead of the Chinese new year and a US central bank meeting led investors to cancel some of their heavy bets on lower prices, said Robin Bhar, head of metals research at Societe Generale in London."The uncertain environment, with a ...

Markets - Commodities - Europe

EU wheat prices climb as French export outlook improves LONDON: European wheat futures rose to their highest in almost two weeks on Tuesday as short-covering gains in Chicago, a rally in oil and equities, and signs of improving French export prospects encouraged a rebound from recent contract lows. Front month March Euronext milling wheat futures settled 1.50 euros firmer at 168.50 euros a tonne after earlier climbing to a peak of 168.75 euros, its highest level since Jan. 13. French wheat was picking up ...

Markets - Commodities - Europe

European vegoils-Palm oil firmer on output worries ROTTERDAM: Palm oil on the European vegetable oils market firmed a little with Malaysian palm oil futures on concerns over production. "After a public holiday Malaysia slowly came to life and Europe followed. Stronger energy markets were also supportive for most products on the cash market as it could improve demand by biofuel producers," one broker said. Crude palm oil was offered between flat and $5 a tonne up from Monday after Malaysian palm oil ...

Markets - Commodities - Europe

Gold retreats from 12-week high, but equity jitters underpin LONDON: Gold retreated from a 12-week high hit on Tuesday as equities and oil recovered from an earlier rout, but concerns over market volatility kept the market in positive territory ahead of a Federal Reserve meeting.Chinese shares slumped 6 percent overnight while oil prices slid to under $30 a barrel, sending gold to a peak of $1,117.60 an ounce as spooked investors sought alternative assets.The metal's glitter later dimmed a bit as stocks steadied and ...

Markets - Commodities - Europe

Sugar firms, cocoa near multi-month lows LONDON: Raw sugar futures on ICE firmed on Tuesday as traders focused on a buoyant white sugar premium driven by Chinese demand, while cocoa was weighed down by bigger-than-expected bean arrivals from top grower Ivory Coast.Robusta coffee futures were little changed, capped by a big carryover into the 2015/16 harvest in top grower Vietnam.March raws were up 0.13 cent, or 0.9 percent, at 14.23 cents per lb at 1456 GMT."The market remains above critical support ...