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Markets - Commodities

Friday, April 2, 2021

Ukraine sows 310,560 hectares of spring grains so far
Commodities

Ukraine sows 310,560 hectares of spring grains so far

  • The 2021 sowing campaign started a few weeks late due to lingering cold weather in most of the country.
  • The overall grain area is likely to total 15.5 million hectares in 2021, including 7.96 million hectares of winter grains, the ministry has said.
Published 02 Apr, 2021 09:17pm
Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes
Commodities

Sovecon lowers forecast for Russian 2020/21 wheat exports by 0.2mn tonnes

  • Russia doubled its wheat export tax to 50 euros ($59) per tonne last month in an attempt to curb high food price inflation amid the coronavirus pandemic. The tax was at 25 euro/tonne on Feb. 15-28.
  • The current low pace of wheat exports brought the estimate down, as did the fall in export prices in March, Sovecon, one of the leading agriculture consultancies in Moscow, said in a note.
Published 02 Apr, 2021 07:55pm
Palm oil supply and demand prospects halt two-week price decline
Commodities

Palm oil supply and demand prospects halt two-week price decline

  • The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped by 2 ringgit, or 0.05%, to 3,739 ringgit ($903.58) a tonne after rising as much as 1% earlier in the day. For the week, it was up 1.3%.
  • "Overall, the market is anticipating April exports to be a tad better versus March. With tight end-stocks and better than expected exports, prices are expected to remain firmer," he added.
Published 02 Apr, 2021 07:10pm
Gold prices gain
Commodities

Gold prices gain

KARACHI: Gold prices on Thursday gained a sizeable value on the local market, traders said. The precious metal ...
Published 02 Apr, 2021 04:58am
Palm oil jumps 3pc
Commodities

Palm oil jumps 3pc

SINGAPORE: Malaysian palm oil futures rose more than 3 percent on Thursday, tracking rival soyaoil on the Chicago...
Published 02 Apr, 2021 04:58am
Gold rebounds in Asia
Commodities

Gold rebounds in Asia

SINGAPORE: Gold gained in Asian trade on Thursday from a three-week low hit in the previous session, as the US ...
Published 02 Apr, 2021 04:58am
Gold surges in Europe
Commodities

Gold surges in Europe

ROTTERDAM/LONDON: Gold rose over 1% on Thursday on a retreat in the dollar and US bond yields, while grim jobless...
Published 02 Apr, 2021 04:58am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold rose over 1% on Thursday buoyed by a retreat in the dollar and US bond yields, while grim US jobless...
Published 02 Apr, 2021 04:58am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 11.043...
Published 02 Apr, 2021 04:58am
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