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Archive

Markets - Commodities

Monday, April 19, 2021

India's sugar demand falters during peak season due to COVID-19 curbs
Commodities

India's sugar demand falters during peak season due to COVID-19 curbs

  • The second wave of coronavirus has been disrupting the market during the peak demand season. Purchases by bulk buyers have been falling.
  • Sugar demand, which usually rises by more than 1% each year, fell 0.8% in 2019/20 to 25.3 million tonnes because of one of the world's strictest lockdowns imposed last year in March.
Published 19 Apr, 2021 06:30pm
Bullish investors push copper towards 10-year highs
Commodities

Bullish investors push copper towards 10-year highs

  • "That February high" -- $9,617 -- "will be tested sooner or later," said Saxo Bank analyst Ole Hansen, taking prices to their highest since 2011. Prices would then target $10,000 a tonne, he said.
  • World shares traded near record highs with investors generally upbeat about the prospects for a global economic recovery from COVID-19.
Published 19 Apr, 2021 05:20pm
Russian wheat export prices rise with global benchmarks
Commodities

Russian wheat export prices rise with global benchmarks

  • Sovecon, another consultancy, said wheat prices rose by $3 to $247 per tonne, while barley was steady at $233 a tonne.
  • Demand for Siberian wheat from Kazakhstan, which shares a free customs zone with Russia and is not subject to Moscow's recently-raised grain export taxes, is up significantly, Sovecon said.
Published 19 Apr, 2021 05:05pm
Ukraine limits 2020/21 sunoil exports to 5.382mn tonnes
Commodities

Ukraine limits 2020/21 sunoil exports to 5.382mn tonnes

  • Ukraine is the world's largest sunoil exporter and the government had said sunoil exports in the September 2020-August 2021 season might total around 5.52 million tonnes out of output of 5.92 million tonnes this season.
  • Ukrainian traders' union UGA said it was concerned by the government's plan to curb exports, which could cause a big fall in the amount of area used for sunflower sowing and reduce the harvest.
Published 19 Apr, 2021 05:03pm
Copper rises on global economic recovery hopes
Commodities

Copper rises on global economic recovery hopes

  • LME copper inventories fell for the second straight session, albeit only slightly, while the premium of cash copper over the three-month contract rose to $16 a tonne, indicating tightening nearby supplies.
Published 19 Apr, 2021 12:05pm