Business Recorder

PESHAWAR: Prices of essential food commodities including vegetable, pulses, sugar, flour fruits, cooking oil/ghee...

OTTAWA: ICE Canadian canola futures rose on Thursday, supported by stronger soyabean prices and a pullback in the...

• Ukraine exported 588,200 tonnes of the commodity in June, the consultancy said in a report.
• APK-Inform has forecast Ukraine will produce 6.7 million tonnes of sunoil in the 2019/20 season and may increase output to nearly 6.9 million tonnes in 2020/21 .

KARACHI: On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,463. The traded value...

MANILA: Chinese iron ore futures extended gains to a fifth straight session on Thursday as mills bought the...

LONDON: Copper was set for its weekly biggest rise in more than two years on Friday, with prices surging to...

KUALA LUMPUR: Malaysian palm oil futures closed higher on Friday, snapping two weekly losses, as stockpiles in June...

LONDON: Gold prices on Friday were set to mark a fifth straight weekly gain, hovering above the key $1,800 level as ...

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

• Spot gold prices rose 0.2% to $1,805.94 per ounce by 1216 GMT, and were up about 1.8% for the week.
• The higher COVID numbers in the US and the implications this might have on the economic recovery has been influencing price action.

• Wheat set to finish week up more than 6%.
• Corn steady, set for weekly gains.
• Soybeans edge higher.

• The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 0.36%, to 2,412 ringgit ($566.14) a tonne.
• Production was surprisingly higher than market expectations of 7% to 12% increase.

• Indian gold imports plunge 86% year-on-year in June.
• Chinese dealers offer hefty discounts of $20-$25/oz.
• Steady investment demand in Singapore.

• Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $6,324 a tonne.
• It was up 5% this week after Thursday's rise to $6,360, the highest since May 2019 and up from a low of $4,371 in March.

• The upcoming election is widely seen as a test of stability for the world's top cocoa producer.
• Brazilian mills cumulative sugar output this season is 48.75% above last season.
• September arabica coffee rose 0.1 cents, or 0.1%, to 98.85 cents per lb.

KARACHI: Gold on Thursday marked another record high of Rs109,100 per tola, up by Rs800, on the local market, ...

KARACHI: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,132.

The traded...

MANILA: China's steel futures rose on Wednesday on optimism about demand prospects in the world's top metals...

CHICAGO: Chicago Board of Trade (CBOT) soyabean futures stumbled on Wednesday as the market continued to pull back...

LONDON: Copper prices hit their highest in over a year on Thursday, spurred by hopes of a faster recovery in top...

NEW YORK: Gold prices retreated on Thursday, a day after vaulting to nearly nine-year highs, as investors embraced...

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

• Sovereign bonds in Ivory Coast came under pressure after prime minister and ruling party candidate for the October presidential election.
• October raw sugar fell 0.07 cents, or 0.6%, at 12.01 cents per lb.
• September arabica coffee edged up 0.2 cents, or 0.2%, at $1.0020 per lb, steadying after Monday's near 5% loss.

• Spot gold was little changed at $1,809.19 per ounce at 1133 GMT. It climbed to its highest .
• The combination of global central bank easing, geopolitical risks, the persisting pandemic impact and global recession could continue to push gold prices higher in the medium term.

• Three-month copper on the London Metal Exchange (LME) rose 1.7% to $6,341 a tonne by 1150 GMT after touching its highest since May 2019 at $6,360.
• The fundamental backdrop is improving and clearly copper is reflecting hopes of a V-shaped or U-shaped economic recovery.

• Wheat forecasts in Argentina, France, Black Sea raise doubts.
• Corn, soybeans firm as Midwest weather outlook turns hotter.
• Markets await weekly export, monthly supply/demand data.

• Thai rice loosing out to Indian, Vietnamese varieties.
• Persistent rain in Mekong Delta hampers harvest- trader.
• India rates edge up as rupee hovers near 3-month high.
• Bangladesh likely to cut taxes on rice imports- food minister.

• The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed down 3 ringgit, or 0.12%, at 2,404 ringgit ($564.32) a tonne.
• Palm had risen 2% to close at a two-week high in the previous session.

• The total was up 0.9% from a revised 693,000 tonnes for May due to a smaller impact on supply from maintenance among the 22 smelters surveyed.
• China's refined lead production in June rose 13.2% year on year to 418,000 tonnes.

• U.S. West Texas Intermediate (WTI) crude futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising 0.7% on Wednesday.

• Brent crude futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on Wednesday.