Crude palm oil at all-time high on strong demand; analysts maintain bullish outlook

Crude palm oil (CPO) futures settled at a new all-time high on the MCX on firm demand for edible oil in the spot markets on the back of Ramzan buying and positive global trend. Malaysian palm oil futures jumped 4.98 percent to settle at 4,425 Ringgits on Bursa Malaysia Bhd. CPO delivery for May...

https://www.hellenicshippingnews.com/crude-palm-oil-at-all-time-high-on-strong-demand-analysts-maintain-bullish-outlook/

China 2021 corn output to rise 4.3% y/y to 272 mln tonnes – govt think tank

China’s 2021 corn output is forecast to rise 4.3% from the previous year to 272 million tonnes, a government think tank said on Friday, in the first estimate by an official agency for the crop to be harvested later this year. Corn acreage in 2021 is expected to increase 3.3% from the previous year...

https://www.hellenicshippingnews.com/china-2021-corn-output-to-rise-4-3-y-y-to-272-mln-tonnes-govt-think-tank/

Global iron ore production to recover by 5.1% in 2021, after COVID-19 hit output in 2020, says GlobalData

Global iron ore production fell by 3% to 2.2bnt in 2020. Global production is expected to grow at a compound annual growth rate (CAGR) of 3.7% to 2,663.4Mt between 2021 to 2025. The key contributors to this grow will be Brazil (6.2%), South Africa (4.1%), Australia (3.2%) and India (2.9%). Key...

https://www.hellenicshippingnews.com/global-iron-ore-production-to-recover-by-5-1-in-2021-after-covid-19-hit-output-in-2020-says-globaldata/

Sentiment keeps swelling global grains prices, but uncertainty remains

Global grain prices saw an unprecedented price rally during 2020 as the world grappled with the coronavirus pandemic, which gave rise to challenges and fears never seen before. Amid the widespread uncertainty and crumbling economies, demand for all major commodities fell due to drawn-out lockdowns....

https://www.hellenicshippingnews.com/sentiment-keeps-swelling-global-grains-prices-but-uncertainty-remains/

Dryness speeds Argentine soy harvest but poses ‘underestimated’ problem for exports

Argentine soy and corn harvesting is being driven by ideal weather conditions but the lack of rain that is helping farmers bring in crops is also contributing to the shallowness of the Parana River, which has begun to dent agricultural exports. Lack of navigability on the river, which carries about...

https://www.hellenicshippingnews.com/dryness-speeds-argentine-soy-harvest-but-poses-underestimated-problem-for-exports/

Asian Development Bank to end coal, oil and gas financing -draft statement

The Asian Development Bank will no longer finance coal mining or oil and natural gas activities, it announced in a draft policy statement on Friday, a move welcomed by environmental groups, which said it was a decade overdue. The multilateral development bank, which focuses on eradicating poverty...

https://www.hellenicshippingnews.com/asian-development-bank-to-end-coal-oil-and-gas-financing-draft-statement/

German steel pricing sentiment bullish, market hopeful of production increase: Platts survey

German steel market participants aregearing up for further price increases in May following the latest round of hikes from market-leading mill ArcelorMittal on April 29 to Eur1,020/mt delivered across Europe for hot-rolled coil, with additional price increases expected this week at Eur1,050/mt ex-works Ruhr, data from the monthly steel sentiment survey by S&P Global Platts …

The post German steel pricing sentiment bullish, market hopeful of production increase: Platts survey first appeared on Hel...

https://www.hellenicshippingnews.com/german-steel-pricing-sentiment-bullish-market-hopeful-of-production-increase-platts-survey/

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