During the week, Ukraine saw an increase in wheat purchase prices due to declining supply from producers and strong export demand. Feed wheat prices rose by 100-200 UAH/t to 6,800-7,000 UAH/t (156-158 USD/t), while food wheat prices increased by 50-100 UAH/t to 7,600-7,900 UAH/t (173-178 USD/t) with delivery to Black Sea ports. The success of […]
The chocolate industry is grappling with severe cocoa shortages, prompting unexpected involvement from hedge-fund manager Pierre Andurand, renowned for his oil investments. By early March, prices had surged over 100% in just a year, leading many speculators to retreat. The crisis was evident: decades of cheap chocolate, aging trees, and widespread crop disease in West […]
China Steel Corp yesterday announced its decision to keep domestic steel prices unchanged for the second consecutive month next month. The nation’s largest steelmaker stated that it considered customers’ export competitiveness and the ongoing consolidation in the regional steel market when making this decision. China Steel also highlighted the steady recovery of the global manufacturing […]
Iron ore futures continued their upward trajectory on Friday, poised for a weekly increase, buoyed by an optimistic demand forecast from leading consumer China and strengthened fundamentals in the short run. The most actively traded September contract for iron ore on China’s Dalian Commodity Exchange (DCE) concluded the daytime session with a 3.12% increase, reaching […]
ICE cotton encountered mixed trends during yesterday’s US trading session. Despite a modest increase in the front-month May contract, the market retained its bearish stance. Struggling to secure support, US cotton futures, including the July and December contracts, faced selling pressure. The ICE cotton cash price dipped, while various contract months experienced fluctuation, with some […]
Cocoa prices are showing strength this morning, especially in NY cocoa, as they consolidate just below their recent all-time highs. However, gains in London cocoa are being restrained by a surge in the British pound, impacting cocoa priced in sterling terms. Cocoa prices have surged this year, reaching a record high in NY cocoa on […]
TotalEnergies announced on Monday that it has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play. This acquisition increases TotalEnergies’ natural gas production capacity in Texas and further strengthens its business integration in the U.S. LNG value […]
On Tuesday, sugar prices relinquished an early rise and recorded moderate declines amid indications of heightened sugar output in India, prompting extended selling. The Indian Sugar and Bioenergy Manufacturers Association revealed that sugar production for the 2023/24 period from October to March increased by 0.4% year-on-year to 30.2 million metric tons (MMT) as more sugar […]
Wheat futures saw a significant plunge in overnight trading following a report from the U.S. Department of Agriculture indicating a surge in stockpiles at the beginning of March to the highest level in five years. According to the USDA report released on Thursday, wheat inventories on March 1 reached 1.09 billion bushels, marking a 16% […]
