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Last update: Tue, 31 May 2016 11pm

Europe

Markets - Commodities - Europe

Algeria bought at least 675,000 T wheat in tender PARIS: Algeria's state grains agency OAIC bought at least 675,000 tonnes of optional-origin milling wheat in a tender that closed on Thursday, European traders said on Friday. OAIC paid on average around $204.50 a tonne, including cost and freight, for the wheat, with prices ranging from $202 to $205.50 depending on the shipment period, traders said. Most of the wheat was sold for shipment in December but some would also be shipped in November. Some traders said the total volume bought by OAIC was closer to 800,000 tonnes. The agency does not publish details of its import tenders and results reported are estimates by traders. Part of the volume was expected to come from France, usually Algeria's main wheat supplier, traders added. Copyright Reuters, 2015 ...

Markets - Commodities - Europe

Arabica hits 7-week peak, sugar touches 7-month high LONDON: Arabica coffee futures on ICE surged to a seven-week high on Friday on forecasts for dry weather in Brazil, which could reduce crop flowering in the world's biggest producer. Raw sugar futures hit a seven-month high after crush data from Brazil came largely within expectations, while cocoa traded little changed with market participants focused on expectations for flat third-quarter European grind data next week. Lower third-quarter cocoa demand data in North America and Asia ...

Markets - Commodities - Europe

Gold rises to three-week high on dovish Fed minutes LONDON: Gold rose to a three-week high on Friday after minutes from the Federal Reserve's last policy meeting showed the US central bank was in no hurry to raise interest rates. Spot gold was up 1.4 percent at $1,154 an ounce by 1130 GMT, after touching a three-week peak of $1,157.10 earlier in the session. Prices were supported by Fed minutes released on Thursday, suggesting the central bank was deeply cautious about tightening monetary policy ...

Markets - Commodities - Europe

Israeli group buys 102,000 T corn, 40,000 T feed wheat HAMBURG: A group of Israeli private buyers purchased some 102,000 tonnes of corn to be sourced from optional origins in an international tender which closed on Thursday, European traders said on Friday. The group also purchased 40,000 tonnes of optional-origin feed wheat, they said. Copyright Reuters, 2015 ...

Markets - Commodities - Europe

Copper slips on fund selling as China demand worries mount LONDON: Copper prices slid on Thursday, under pressure from fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts.Benchmark copper on the London Metal Exchange closed at $5,135 a tonne, losing one percent as fund selling picked up following the end of a week-long holiday in China.Prices were weighed down by renewed concerns about demand growth in China, which accounts for nearly half of global copper consumption.The impact of ...

Markets - Commodities - Europe

West European wheat exports struggle to match hefty supply PARIS: Wheat exporters in western Europe are struggling to shift a big harvest and may have to bide their time until buyers have scooped up cheaper eastern European supplies, traders and analysts said. The European Union's two largest wheat exporters, France and Germany, are used to being outpaced by Black Sea countries such as Russia in the opening months of the July-June marketing year. Export competition in 2015/16, however, has been exacerbated by shipments from ...

Markets - Commodities - Europe

Gold, silver down on China's return from holiday, Fed minutes awaited LONDON: Gold retreated from a two-week high and silver slumped 3 percent on Thursday after Chinese market participants returned from a week-long holiday and sold the metals to lock in profits. Traders awaited minutes of the last Federal Reserve meeting. Spot gold eased 0.1 percent to $1,143.80 an ounce by 0952 GMT. The metal had climbed to $1,153.30 in the previous session, its highest since Sept. 24, due to a lower dollar. Silver fell as ...