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Commodities

Arabica coffee slips
Commodities

Arabica coffee slips

LONDON: Arabica coffee futures on ICE fell on Friday as the market consolidated after hitting a four-year peak in ...
Published 09 May, 2021 03:20am
Egypt's GASC seeks soyoil and sunflower oil for arrival July 11-31
Commodities

Egypt's GASC seeks soyoil and sunflower oil for arrival July 11-31

  • GASC said it wanted at least 30,000 tonnes of soyoil and 10,000 tonnes of sunflower oil. The deadline for the offers is May 11.
  • GASC will also hold a domestic tender for vegetable oils on Tuesday, the supply ministry said, where it is seeking quantities of at least 3,000 tonnes of soyoil and 1,000 tonnes of sunflower oil.
Published 08 May, 2021 03:55pm
Gold gains
Commodities

Gold gains

KARACHI: Gold prices on Friday showed some momentum on the local market, traders said. The yellow metal price grew...
Published 08 May, 2021 03:30am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 16.938...
Published 08 May, 2021 03:30am
Palm oil jumps 5pc
Commodities

Palm oil jumps 5pc

SINGAPORE: Malaysian palm oil futures jumped 5% on Friday, climbing to their highest level since 2008 and recording...
Published 08 May, 2021 03:30am
Tokyo rubber futures down
Commodities

Tokyo rubber futures down

TOKYO: Japanese rubber futures gave up early gains to end lower on Friday, snapping a four-session rally which was...
Published 08 May, 2021 03:30am
Soybeans, wheat up 10-15 cents, corn up 4-8 cents
Commodities

Soybeans, wheat up 10-15 cents, corn up 4-8 cents

  • Weak dollar supportive to wheat as well as forecasts for dry weather in northern US Plains.
  • Corn seen firming for seventh straight session, as no relief is forecast for dry Brazil growing areas. Strong export demand also supportive.
Published 07 May, 2021 06:51pm
Ukraine spring grain sowing 58pc complete
Commodities

Ukraine spring grain sowing 58pc complete

  • Farms have sown 2.4 million hectares of corn, 1.3 million hectares of barley, 226,400 hectares of peas, 172,200 hectares of wheat and 185,400 hectares of oats.
  • Generally favourable weather could help farmers to increase the grain crop to 75 million tonnes this year from 65 million in 2020.
Published 07 May, 2021 06:29pm
Asia Gold-Demand plunges in pandemic-battered India
Commodities

Asia Gold-Demand plunges in pandemic-battered India

  • Indian jewellers have also stopped making purchases- dealer.
  • India discounts widen to $3/oz versus $2/oz last week.
  • China, Japan return from holidays, but demand muted.
  • Hong Kong premiums at $0.8-$1.8/oz, Singapore at $1.5-$2.0.
Published 07 May, 2021 05:29pm
Copper hits record high on industry and speculative buying
Commodities

Copper hits record high on industry and speculative buying

  • Benchmark copper on the London Metal Exchange (LME) broke above the previous record high of $10,190 set in 2011 and had gained 2.3% to $10,325.
  • The most-traded June copper contract on the Shanghai Futures Exchange climbed as much as 2.7% to 74,950 yuan ($11,603) a tonne, its highest since May 2006 and only 1.6% below its record peak of 76,160 yuan.
Published 07 May, 2021 05:24pm