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Archive

Markets - Commodities

Tuesday, January 21, 2020

Wheat flour shortages: Nanbais go on indefinite strike
Commodities

Wheat flour shortages: Nanbais go on indefinite strike

While people perturbing over increase in prices of flour in the country, nanbais (bread makers) in Peshawar, Hazara division and rest parts of Khyber Pakhtunkhwa on Monday went on strike for indefinite period after failure in negotiations with the provinc
Published 21 Jan, 2020 12:00am
Rain-hit French wheat sowing seen down to 19-year low
Commodities

Rain-hit French wheat sowing seen down to 19-year low

The area sown with soft wheat for this year's harvest in France, the European Union's biggest grain producer, is estimated to have declined by 10% compared with 2019 to a 19-year low after heavy rain disrupted field work, a survey showed on Friday.
Published 21 Jan, 2020 12:00am
CBOT corn soars on bargain buying
Commodities

CBOT corn soars on bargain buying

Chicago Board of Trade corn futures rose about 3% on Friday, more than offsetting the previous day's plunge, supported by bargain buying and expectations of a pick-up in export and domestic demand for US corn, traders said.
Published 21 Jan, 2020 12:00am
Thai rice prices climb to over 20-month high
Commodities

Thai rice prices climb to over 20-month high

Thai rice export prices scaled a more than 20-month peak this week as a persistent drought heightened supply concerns, while improved demand from African countries drove an uptick in rates for the Indian variety.
Published 21 Jan, 2020 12:00am
China's coking coal futures hit four-month high
Commodities

China's coking coal futures hit four-month high

Coking coal futures in China gained as much as 1.5% on Thursday, hitting their highest in nearly four months, as coal mines gradually suspend production ahead of the country's Lunar New Year holidays and as imports plunged in December.
Published 21 Jan, 2020 12:00am
Malaysian palm oil climbs 2 percent
Commodities

Malaysian palm oil climbs 2 percent

Malaysian palm oil futures rose 2% on Monday after falling sharply last week, as rival soyabean oil prices firmed and the ringgit weakened but worries about demand from top edible oil buyer India persisted.
Published 21 Jan, 2020 12:00am
Paris wheat higher on brisk overseas demand
Commodities

Paris wheat higher on brisk overseas demand

Paris wheat futures edged higher on Friday, steadying after a pullback in the previous session, as sustained export demand underpinned global prices while traders waited to see the impact of labour strikes on French shipments. March milling wheat on the P
Published 21 Jan, 2020 12:00am
Vietnam's coffee prices fall in lacklustre trade
Commodities

Vietnam's coffee prices fall in lacklustre trade

Vietnam coffee prices fell in lacklustre trading ahead of a long holiday, while activity in Indonesia remained subdued on scarce stock and is not expected to pick up until March, traders said on Thursday. Markets in Vietnam will shut from Jan. 23-29 to ma
Published 21 Jan, 2020 12:00am
Canadian canola futures rise
Commodities

Canadian canola futures rise

ICE Canadian canola futures rose for a second straight day on Friday, buoyed by steady selling and short-covering. There was steady hedging in deferred canola which put pressure on all of the spreads, a trader said, adding there was some short-covering in
Published 21 Jan, 2020 12:00am
Chinese iron ore futures rise, steel coil hits record high
Commodities

Chinese iron ore futures rise, steel coil hits record high

Chinese iron ore futures rose on Monday, extending last week's gains, fuelled by concerns over supply of the steelmaking raw material and an improved outlook for steel demand, but lighter trade is expected as the Lunar New Year break approaches.
Published 21 Jan, 2020 12:00am
White sugar hits two-year high, cocoa steadies
Commodities

White sugar hits two-year high, cocoa steadies

White sugar futures on ICE hit a two-year high on Monday in holiday thinned trade, boosted by momentum fund buying amid further signs of shrinking supply, while London cocoa steadied. US markets were closed for the Martin Luther King day holiday.
Published 21 Jan, 2020 12:00am
Zinc hits two-month high as technicals trigger buying
Commodities

Zinc hits two-month high as technicals trigger buying

Zinc prices rose to two-month highs on Monday after a break of key technical levels triggered a flurry of buying and as the market worried about historically low inventories. Benchmark zinc on the London Metal Exchange (LME) ended 0.6% up at $2,444 a tonn
Published 21 Jan, 2020 12:00am
Yellow rust to hit China's key wheat areas in 2020
Commodities

Yellow rust to hit China's key wheat areas in 2020

Yellow rust is expected to affect China's wheat output around spring next year, after the disease spreads to key production areas across the eastern and northwest regions, a government-backed agriculture institute said on Tuesday.
Published 21 Jan, 2020 12:00am
Tokyo rubber hits one-week low
Commodities

Tokyo rubber hits one-week low

Tokyo Commodity Exchange (TOCOM) futures slipped to an about 1-week low on Monday, as investors took profits after the benchmark touched a 10-1/2-month high last week and as they unwound positions ahead of China's Lunar New Year holiday.
Published 21 Jan, 2020 12:00am
Brazil harvests just 1.8 percent of soya area so far
Commodities

Brazil harvests just 1.8 percent of soya area so far

Brazil's soyabean farmers have harvested only 1.8% of the soyabean area so far this season, agribusiness consultancy AgRural said on Monday, reducing the ideal window for planting of the country's second corn that is sowed after the oilseed is collected.
Published 21 Jan, 2020 12:00am
Gold rises in Asia
Commodities

Gold rises in Asia

Gold hit a more than one-week high on Monday as investors hedged against lingering tensions in the Middle East and an impeachment trial in Washington, while deficit-hit palladium's record run showed no signs of abating.
Published 21 Jan, 2020 12:00am
Gold gains in Europe on heightened safe-haven interest
Commodities

Gold gains in Europe on heightened safe-haven interest

Gold hit a more than one-week high on Monday as buyers hedged against persistent tensions in the Middle East and impeachment proceedings against US President Donald Trump, while deficit-hit palladium's record run showed no signs of abating.
Published 21 Jan, 2020 12:00am