Last year, Brazil raised a soybean crop exceeding 160 million metric tons, nearly doubling the decade-ago levels as the top exporter expanded production to meet rising global demand. That is a significantly larger volume than analysts, including U.S. and Brazilian agencies, originally expected...
Some 64%of French soft wheat was rated as in good or excellent conditionby April 15, stable versus the previous week but down from 93%a year earlier, farm office FranceAgriMer said on Friday. The rating was the lowest for the time of year since 2020, when French wheat crops were also affected by...
Copper, gold and other metals that have notched strong gains this year will rise further fuelled byrobust Chinese demand outlook and macro uncertainties, Chinese state-backed research house Antaike said. Metals with firm fundamentals and good liquidity have become more appealing to global financial...
Gold prices rose on Friday and were poised for a fifth straight week of gains, as investors rushed to the safe-haven asset as escalating tensions between Iran and Israel fuelled fears of a wider regional conflict. Spot gold XAU= was up 0.1% at $2,380.68 per ounce as of 1040 GMT, after rising to as...
The International Grains Council (IGC) on Thursday cut its outlook for 2024/25 global corn production reflecting a lower forecast for the crop in the United States. The inter-governmental body, in its monthly update, cut its global corn crop forecast by 7 million metric tons to 1.226 billion tons...
https://www.hellenicshippingnews.com/igc-cuts-2024-25-world-corn-production-forecast/
BHP Group BHP.AX on Thursday said it expects to announce the fate of its Western Australian nickel operations by August, while it trimmed fiscal 2024 output estimates from its Queensland coal operations, reflecting significant wet weather impacts. The world’s largest listed miner continues to...
The output of raw coal in north China’s Shanxi Province, a leading coal producer of the country, totaled about 271.62 million tonnes in the first quarter of 2024, down 18.9 percent year on year, local authorities said Thursday. The figure accounted for about 24.6 percent of the country’s coal...
Top exporter India’s rice export prices fell to their lowest level in nearly three months this week, weighed down by soft demand, while the long holiday weekend kept activity muted in Thailand. India’s 5% broken parboiled variety was quoted at $538-$546 per ton this week, down from the last week’s...
https://www.hellenicshippingnews.com/asia-rice-india-prices-slip-to-near-3-month-low-on-weak-demand/
Global miner BHP Group BHP.AX on Thursday reported a 3% rise in its third-quarter iron ore output as continued ramp-up of its South Flank mine and improved operational efficiencies in Pilbara helped offset wet weather impact. The world’s largest listed miner said iron ore production from mines it...
https://www.hellenicshippingnews.com/bhps-third-quarter-iron-ore-output-rises-3/
President Joe Biden is calling on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports as he makes the rounds in the key battleground state of Pennsylvania. On Wednesday, the president will visit the United Steelworkers headquarters in Pittsburgh. Biden’s...
https://www.hellenicshippingnews.com/biden-wants-to-triple-china-tariffs-on-steel-aluminum-imports/