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Markets - Commodities

Saturday, March 28, 2020

Flour sale points set up in Lahore
Commodities

Flour sale points set up in Lahore

To ensure an adequate supply of 'atta' in the event of lockdown, the Lahore administration has set up 25 sale points in various parts of the provincial capital. Trucks loaded with 'atta' bags will be placed at the designated sales points, said District Co
Published 28 Mar, 2020 12:00am
Chinese iron ore futures higher on supply concerns
Commodities

Chinese iron ore futures higher on supply concerns

Chinese iron ore futures edged higher on Thursday on supply concerns as coronavirus-containment measures across the world intensified, but the uncertain demand outlook for the steelmaking raw material and steel products capped gains.
Published 28 Mar, 2020 12:00am
CBOT wheat futures lower on profit-taking
Commodities

CBOT wheat futures lower on profit-taking

Chicago Board of Trade wheat futures closed lower on Thursday on profit-taking one day after the spot May contract jumped 3% to a two-month high on speculative buying and consumer demand for flour, traders said.
Published 28 Mar, 2020 12:00am
US MIDDAY: Gold slips
Commodities

US MIDDAY: Gold slips

Gold fell on Friday on caution ahead of the weekend, but prices were set to post their biggest weekly gain since 2008 as economic damage expected from the coronavirus boosted bullion's safe-haven appeal.
Published 28 Mar, 2020 12:00am
Tokyo rubber slide
Commodities

Tokyo rubber slide

The Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery slid on Friday as fears over dwindling demand due to the coronavirus pandemic eclipsed the boost from global stimulus efforts.
Published 28 Mar, 2020 12:00am
Palm oil clocks nearly 4pc weekly gain
Commodities

Palm oil clocks nearly 4pc weekly gain

Malaysian palm oil futures climbed 3.85% for the week on Friday, buoyed by a rally in global equities and supply concerns stemming from coronavirus-driven curbs on some plantation activity in the country.
Published 28 Mar, 2020 12:00am
Raw sugar falls, white sugar extends gains
Commodities

Raw sugar falls, white sugar extends gains

ICE raw sugar prices fell on Friday as renewed economic growth fears caused by the coronavirus pandemic outweighed stimulus efforts by global policymakers, though white sugar continued to rise.
Published 28 Mar, 2020 12:00am
Gold jumps in New York
Commodities

Gold jumps in New York

Gold prices jumped to a two-week high on Thursday, after a record surge in US jobless claims dented the dollar and boosted expectations of further stimulus to cushion the global economic toll from the coronavirus pandemic.
Published 28 Mar, 2020 12:00am
Gold falls in Asia
Commodities

Gold falls in Asia

Gold fell on Friday as investors booked profits, but was set for its best week since December 2008 as record high US jobless claims due to the coronavirus fuelled hopes for more stimulus to stem the economic damage caused by the pandemic.
Published 28 Mar, 2020 12:00am
Supply of soya to Argentine livestock feed factories down
Commodities

Supply of soya to Argentine livestock feed factories down

The supply of soyabeans to Argentine crushing plants is down by half and falling, the Rosario grains exchange said on Friday, as municipalities citing health concerns defied a government order that they allow cargo trucks to get to the plants.
Published 28 Mar, 2020 12:00am
US MIDDAY: Wheat up, corn lower
Commodities

US MIDDAY: Wheat up, corn lower

US wheat futures rose on Friday on optimism about US export prospects as a Russian plan to cap grain exports for the rest of the season shifted attention back to potential supply tensions during the coronavirus pandemic.
Published 28 Mar, 2020 12:00am
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