05292016Sun
Last update: Sun, 29 May 2016 05am

Europe

Markets - Commodities - Europe

European feeds-Soymeal firms on technical buying in Chicago ROTTERDAM: Soymeal on the European meals and feeds market firmed on Tuesday after the previous day's surge in CBOT soymeal futures on fund-driven technical buying and because of uncertainty over the size and quality of Argentina's harvest. South American soymeal was mostly offered between $2 and $8 a tonne up from Tuesday, tracking the strong CBOT soymeal close. Buyers remained on the sidelines and no business was reported. "Prices were mostly fixed on Tuesday's CBOT soymeal futures close. Buyers were holding back, not willing to pay the higher prices and expecting Chicago to come back on profit taking," one broker said. EU rapemeal was offered between unchanged and 3 euros per tonne down, with slack demand as end-users remained wary of purchasing compound feed because of low meat and milk prices and technical weakness in rapeseed futures. Bids were scarce and no deals were seen. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

Mauritius 2016 sugar output seen up 9pc due to better weather PORT LOUIS: Mauritius sugar production is expected to rise 9 percent to 400,000 tonnes this year, helped by better weather conditions, the Indian Ocean island's Chamber of Agriculture said on Wednesday. Sugar output was 366,070 tonnes last year, the chamber said.In 2015, the extraction rate - the amount of sugar taken from the cane - was 9.14 percent, which the chamber said was the lowest since 1947. Rates of 10 percent or more are generally ...

Markets - Commodities - Europe

Copper touches three-month low, hit by stronger dollar LONDON: Copper slid to its lowest in three months on Wednesday, pressured by the dollar which rose on renewed expectations of further US interest rate hikes. Other industrial metals also joined the downdraft as copper reversed lower after three days of gains.The dollar climbed to a three-week peak against a basket of currencies, which makes paying for dollar-denominated metals with other currencies more expensive, after comments from Federal Reserve officials left open the potential for ...

Markets - Commodities - Europe

Cool spring brakes EU wheat growth, overall picture still positive HAMBURG: The cool, dry start to spring has slowed European Union wheat growth but crops are generally in good shape after little winter frost damage, generating optimism for a decent harvest this summer, experts said on Wednesday. Hopes for an early start to the harvest in the EU's largest wheat producer France have all but gone after the cool spring.After running far ahead of usual, French wheat development has returned to more normal rates.Observers expect ...

Markets - Commodities - Europe

Sugar, coffee prices fall as dollar strengthens LONDON: Raw sugar futures were lower on Wednesday, extending a retreat from last week's 1-1/2 year high as a stronger dollar prompted broad-based losses in commodity markets while arabica coffee prices also fell. July raw sugar was off 0.14 cents or 0.8 percent at 16.68 cents a lb at 1447 GMT. The front month peaked at 17.00 cents last week, its highest level since October 2014.Dealers said the market appeared to have lost momentum after ...

Markets - Commodities - Europe

European feeds-Soymeal mixed on contrasting pressure ROTTERDAM: Soymeal on the European meals and feeds market was offered narrowly mixed on Tuesday due to contrasting pressure following the long Whitsun weekend. "Monday's weaker CBOT soymeal futures close and continued slack demand dragged the European cash market down, while worries over a tighter global soybeans supply outlook supported prices," one broker said. South American soymeal was mostly offered between $4 a tonne up and $3 down from Friday, mostly tracking the trend in ...

Markets - Commodities - Europe

European vegoils-Palm oil firm on strong demand ahead of Ramadan ROTTERDAM: Palm oil on the European vegetable oils market was offered slightly firmer on Tuesday, following strength in Malaysian palm oil futures due to higher demand ahead of Ramadan. "The firmer market in Malaysian and a stronger ringgit caused prices to firm a little and buying interest picked up a bit as well," one broker said. Palm oil was mostly offered between unchanged and $10 a tonne up from Friday, ahead of the long Whitsun ...