London copper eased on Thursday as COVID-led demand worries in top metals consumer China and rising inventories outweighed concerns over supply disruptions in key producer Peru. Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) fell 0.4% to $10,187 a tonne, as of 0710 GMT,...
https://www.hellenicshippingnews.com/lme-copper-eases-on-china-lockdown-concerns-rising-stocks/
China’s soybean output is set to increase by 25.8% in 2022, an agriculture ministry official said on Wednesday, amid major efforts to boost oilseed production. The land planted with soybeans will expand by 16.7% this year, said Tang Ke, director general of the market department, under the Ministry...
Copper prices slipped on Wednesday, weighed down by a stronger U.S. dollar, with continued lockdowns in top metals consumer China adding to global growth worries. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.4% at $10,319 a tonne, as of 0711 GMT, erasing early gains....
https://www.hellenicshippingnews.com/copper-retreats-as-firmer-dollar-china-lockdowns-weigh/
The historically high food and agriculture commodity prices are likely to sustain for multiple upcoming seasons driven by various factors like the Russia-Ukraine conflict and high farm input prices, economist with United Nations Food and Agriculture Organization, Monika Tothova said in an interview...
https://www.hellenicshippingnews.com/historically-high-food-prices-here-to-stay-says-fao-economist/
Commodity broker Marex posted a 31% jump in revenue and record profits last year amid volatile markets and surging commodity prices, it said on Wednesday London-based Marex, one of the world’s largest privately-owned commodities brokers, said adjusted operation profit before tax gained 29% to $79.6...
Kremlin spokesman Dmitry Peskov said on Wednesday that Russian metals companies were facing “hostile attitudes” from what Moscow calls unfriendly countries, and that Russia would come up with a plan to combat this. “We are among world leaders in this industry, and our metallurgists have begun to face hostile attitudes, … our companies are experiencing …
The post Kremlin says Russian metal companies facing difficulties from “unfriendly countries” first appeared on Hellenic Shipping News Worldwide....
Second-corn crops in Brazil are likely to face heat stress during April 18-25, especially in the Center-West region, as rainfall is likely to be low, according to the latest weather forecast. There is no forecast of significant rainfall in practically all the states in the Center-West region during...
https://www.hellenicshippingnews.com/heat-stress-on-crops-likely-to-continue-over-april-18-25/
A large part of the country is reeling under the grip of an intense heatwave pushing India towards a national power crisis. With peak power demand in April due to the onset of early summer, coal reserves in several states are quickly running out threatening disruptions in power supply. Coal...
London copper prices edged higher on Wednesday, as hopes of more stimulus from top metals consumer China eclipsed pressure from a stronger dollar and global growth worries. Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $10,319 a tonne, as of 0510 GMT, after...
Ukraine has insufficient storage capacity even for its reduced 2022 grain harvest, the United Nations’ World Food Programme said on Tuesday, with the country struggling to export existing stocks during the invasion by Russia. Jakob Kern, the World Food Programme’s emergency coordinator in Ukraine,...
https://www.hellenicshippingnews.com/ukraine-grain-storage-shortage-adds-to-farmers-woes/