10012016Sat
Last update: Sat, 01 Oct 2016 10pm

Europe

Markets - Commodities - Europe

European coffee stocks fell 1.8pc in July LONDON: Coffee stocks held in European ports fell 1.8 percent in July, preliminary figures from the European Coffee Federation (ECF) showed on Wednesday. Stocks at the end of July fell to 729,073 tonnes from 742,142 tonnes a month earlier. ECF figures cover the major coffee storage ports of Antwerp, Bremen, Hamburg, Genoa, Le Havre and Trieste. Copyright Reuters, 2016 ...

Markets - Commodities - Europe

European feeds-Soymeal firm after Chicago bounce PARIS: Soymeal prices in Europe's animal feed meal market rose on Wednesday after Chicago futures bounced off a five-month low hit a day earlier, with the market swayed by weather and yield reports during the US soybean harvest season. The prospect of a record US harvest has weighed on soy products, with talk of good early yields adding to supply pressure, but recent rain has held up field work in parts of the Midwest and ...

Markets - Commodities - Europe

European vegoils-Palm oil prices fall as Malaysian futures slide LONDON: Palm oil prices in Europe were lower on Wednesday, dragged down by a sharp decline in Malaysian futures, sluggish export demand and weakness in rival oils. Sellers of RBD palm olein cut offers by $10 to $250 per tonne, with January/March shipment last traded at $650, down $13.50 from Tuesday. Malaysian palm oil futures had their steepest fall in more than one month on Wednesday. Palm oil shipments for the Sept. 1-25 period fell ...

Markets - Commodities - Europe

Gold down on firmer dollar after Yellen remarks LONDON: Gold prices hit a one-week low on Wednesday, as the dollar firmed and investors assessed Federal Reserve Chair Janet Yellen's testimony before a Congressional committee.The Federal Reserve is considering changing the annual stress tests it gives to US banks to see if they can withstand a massive financial crisis, Yellen said.The Fed's chair did not comment on the outlook for the economy or monetary policy in her prepared remarks.Spot gold fell 0.4 percent to ...

Markets - Commodities - Europe

Robusta coffee hovers near 19-month high, sugar climbs LONDON: Robusta coffee futures were holding just below last week's 19-month high on Wednesday, with the market supported by tightening supplies, while raw sugar edged up towards a recent 4-year peak. ICE November robusta coffee was unchanged at $1,995 per tonne at 1347 GMT. The second position had risen to a peak of $2,028 a tonne last week, its highest since Feb. 2015."There's a lot of concern about consistent and adequate supply in the market, ...

Markets - Commodities - Europe

THERMAL COAL-Futures rise to 18-month high LONDON: Benchmark coal futures rose to an 18-month high of $62.40 a tonne on Wednesday, advancing along with oil and other European energy markets and also in response to higher demand.The API2 2017 contract gained 2.46 percent to $62.40 a tonne by 1324 GMT on the globalCOAL platform, its highest since the beginning of March 2015. "Oil is up and the dollar has softened a bit against the euro but we are also nearing October ...

Markets - Commodities - Europe

Aluminium rally expected to fade as oversupply comes into focus LONDON: Semi-finished aluminium goods in China are being turned back into metal, sources say, highlighting a supply overhang that casts doubt on the sustainability of a price rally this year. Aluminium prices have rallied this year due to the appearance of a tighter market. Assumptions that supply from top producer China would ease had been reinforced by falling stocks of aluminium in warehouses monitored by the Shanghai Futures Exchange (ShFE), which have fallen nearly 70 ...