On December 20, 2022, the Revenue Department of the Ministry of Finance of India issued a circular No. 31/2022-Customs (ADD), claiming to accept the affirmative final anti-dumping recommendation that the Ministry of Commerce and Industry of India made on September 23, 2022 on stainless steel...
Egypt’s strategic reserves of wheat are sufficient for 4.6 months of consumption, while reserves of vegetable oils are sufficient for 4.8 months, the country’s cabinet said in a statement on Monday Reserves of rice are sufficient for 5.7 months, while sugar reserves are sufficient for 2.7 months,...
https://www.hellenicshippingnews.com/egypts-strategic-wheat-reserves-sufficient-for-4-6-months/
A market is opening up for rating mining projects from an environmental, social and governance, or ESG, standpoint, as original equipment manufacturers and technology companies heighten scrutiny of the origins of raw materials for their “green economy” products, such as electric vehicle and energy...
This year has been another turbulent period for the global stainless steel industry. However, despite the volatile market, companies throughout the supply chain will post strong financial results. In most cases, a proportion of the profits made earlier in the year will survive the change in...
https://www.hellenicshippingnews.com/stainless-steel-price-rises-on-the-horizon-for-2023/
Russian wheat prices fell last week following a weaker rouble currency RU/RUB and high domestic supply amid a record crop, analysts said on Monday, adding that the pace of sea shipping had picked up after storms. Prices for Russian wheat with 12.5% protein content and for supply from Black Sea...
https://www.hellenicshippingnews.com/russian-wheat-prices-fall-on-weaker-rouble/
Copper prices edged higher on Friday as low inventories and hopes for economic recovery next year offset a slackening in near-term demand in China caused by a surge in COVID-19 cases. Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.4% at $8,344 a tonne at 1149 GMT and up around...
https://www.hellenicshippingnews.com/copper-edges-higher-on-hopes-for-better-demand-next-year/
Chicago wheat futures rose on Friday, boosted by concerns of frost damage from low temperatures forecast for the U.S. Plains over the weekend, while corn and soybean prices also edged up. The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.9% to $7.69-1/4 a bushel by 1110...
https://www.hellenicshippingnews.com/frost-damage-fears-for-u-s-crops-lift-wheat-prices/
U.S. spot basis bids for soybeans and corn shipped by barge to U.S. Gulf export terminals were mixed on Wednesday, as some river elevators began preparing to reduce hours or close ahead of a looming “bomb cyclone”, traders said. * By Thursday night, a so-called “bomb cyclone” will likely form along...
https://www.hellenicshippingnews.com/u-s-soybean-barge-bids-firm-as-bomb-cyclone-looms/
Malaysian palm oil futures ended lower on Thursday, surrendering some gains after hitting a 12-day closing high in the previous session, as poor demand weighed on sentiment. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 67 ringgit, or 1.69%, to...
https://www.hellenicshippingnews.com/palm-oil-surrenders-gain-on-demand-woes/
Copper prices edged lower on Thursday as an accelerating wave of coronavirus infections in China, the biggest consumer, eroded demand. Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.4% at $8,363.50 a tonne at 1100 GMT. Prices rose sharply in November as China began dismantling...
https://www.hellenicshippingnews.com/copper-edges-lower-as-chinese-covid-cases-multiply/