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Markets - Commodities

Wednesday, May 6, 2020

Ministry says wheat procurement drive is slow
Commodities

Ministry says wheat procurement drive is slow

Ministry of National Food Security and Research has said wheat procurement drive is slow this year, suggesting that law enforcement agencies may be sensitized to curb hoarding and price hike.
Published 06 May, 2020 12:04am
European wheat hits new six-week low
Commodities

European wheat hits new six-week low

European wheat hit a new 6-week low on Monday on easing concerns of the upcoming crop following dry Spring weather, but pared losses as US markets recovered slightly and helped by strong export demand.
Published 06 May, 2020 12:04am
US MIDDAY: Gold surges
Commodities

US MIDDAY: Gold surges

Gold steadied above $1,700 an ounce on Tuesday, as massive global stimulus measures to ease the economic blow from the coronavirus pandemic offset improved risk sentiment on the back of easing restrictions and lockdowns.
Published 06 May, 2020 12:04am
Lockdown easing lifts base metals, but aluminium lags
Commodities

Lockdown easing lifts base metals, but aluminium lags

Industrial metals prices rose on Tuesday as some countries eased coronavirus lockdown measures and oil prices jumped more than 10%, but aluminium lagged, with investors worried that a collapse in demand will cause huge oversupply.
Published 06 May, 2020 12:04am
Palm oil hit over 9-month low
Commodities

Palm oil hit over 9-month low

Malaysian palm oil futures on Tuesday ended at a more than nine-month low in a volatile trade, as forecasts for higher April inventory amid the coronavirus outbreak outweighed optimism from higher crude and soyabean oil prices.
Published 06 May, 2020 12:04am
Gold slips in Asia
Commodities

Gold slips in Asia

Gold prices slipped on Tuesday as moves by some countries to relax coronavirus-led restrictions overshadowed concerns of souring US-China relations, dampening its safe-haven appeal.
Published 06 May, 2020 12:04am
Gold falls in Europe
Commodities

Gold falls in Europe

Gold prices fell on Tuesday, weighed down by an uptick in risk appetite as oil prices recovered and a number of countries eased coronavirus-induced restrictions in an effort to revive economic activity.
Published 06 May, 2020 12:04am
Raw sugar, arabica coffee recover
Commodities

Raw sugar, arabica coffee recover

ICE raw sugar and arabica coffee prices rallied on Tuesday as investors took comfort from a recovery in the Brazilian real and a rally in oil prompted by easing coronavirus lockdown restrictions in some countries.
Published 06 May, 2020 12:04am
US MIDDAY: Corn gains
Commodities

US MIDDAY: Corn gains

Chicago corn futures gained on Tuesday, following energy markets higher on hopes of renewed fuel demand as lockdowns ease, but were capped by ahead-of-schedule planting across the US Midwest, analysts said.
Published 06 May, 2020 12:04am
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