Weekly UK-EU freight volumes down 38%, truck data indicates

Weekly UK-EU freight volumes down 38%, truck data indicates

Freight volumes moving between the United Kingdom and the European Union were down 38% in the third week of January compared with the same week a year ago, real-time truck movement data shows. ...
January 26, 2021 at 09:07 pm IST
Ivorian cocoa traders seek to end multinationals' dominance of exports

Ivorian cocoa traders seek to end multinationals' dominance of exports

Ivory Coast's domestic cocoa traders association GNI has called for the regulator in the world's top bean producer to introduce reforms that would end the dominance of six multinationals in handling...
January 26, 2021 at 07:32 pm IST
Gold falls on firmer dollar, U.S. stimulus concerns

Gold falls on firmer dollar, U.S. stimulus concerns

Gold prices edged lower on Tuesday as the dollar strengthened and concerns over the passage of a U.S. stimulus package weighed on the metal's appeal, while investors awaited a Federal Reserve policy...
January 26, 2021 at 02:20 pm IST
Gold eases on doubts over U.S. stimulus passage

Gold eases on doubts over U.S. stimulus passage

Gold prices inched lower on Monday due to concerns that a massive economic stimulus in the United States may not be passed smoothly, although a weaker dollar limited bullion's losses....
January 25, 2021 at 02:25 pm IST
S.Africa's Harmony Gold on track to meet output guidance after Mponeng acquisition

S.Africa's Harmony Gold on track to meet output guidance after Mponeng acquisition

South African bullion producer Harmony Gold said on Monday it was on track to meet its annual output guidance due to the inclusion of its newly acquired Mponeng mine and as measures to offset the...
January 25, 2021 at 12:26 pm IST
Exxon Mobil lifts force majeure on exports of Nigeria's Qua Iboe crude oil - spokesman

Exxon Mobil lifts force majeure on exports of Nigeria's Qua Iboe crude oil - spokesman

Exxon Mobil has lifted a force majeure on Nigeria's Qua Iboe crude oil export terminal, a spokesman said on Friday....
January 23, 2021 at 03:03 pm IST
Gold falls over 1%, pinched by firm dollar but on course for weekly gain

Gold falls over 1%, pinched by firm dollar but on course for weekly gain

Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. kept bullion on track for its...
January 22, 2021 at 09:42 pm IST
Ivory Coast cocoa exporters curb exposure and inventories amid glut

Ivory Coast cocoa exporters curb exposure and inventories amid glut

Cocoa exporters in the world's top grower Ivory Coast are switching to cheaper contracts for later delivery and buying less to cut inventories amid a glut, blaming a scheme to charge a $400-per-tonne...
January 22, 2021 at 05:25 pm IST
India's December crude oil throughput picks up as fuel demand accelerates

India's December crude oil throughput picks up as fuel demand accelerates

India's crude oil processing last month registered it first year-on-year gain since February 2020, driven by a surge in demand for fuels as economic activity continued to pick up from a...
January 21, 2021 at 10:59 pm IST
Gold slips on profit taking; stimulus bets limit losses

Gold slips on profit taking; stimulus bets limit losses

Gold prices eased from a two-week high on Thursday as investors booked some profit following a rally in the previous session, while expectations for further stimulus and a weaker U.S. dollar limited...
January 21, 2021 at 09:48 pm IST
Indian rice prices gain, higher Thai prices dampen demand

Indian rice prices gain, higher Thai prices dampen demand

Export prices for rice in India edged higher this week on robust demand from other Asian countries, while strong Thai rates softened demand for its staple. ...
January 21, 2021 at 08:23 pm IST
Gold Fields :  South Africa's Gold Fields appoints former Amplats boss as CEO

Gold Fields : South Africa's Gold Fields appoints former Amplats boss as CEO

Gold Fields has appointed former Anglo American Platinum boss Chris Griffith as chief executive, the South African miner said on Thursday. The former Amplats and Kumba Iron Ore CEO...
January 21, 2021 at 07:55 pm IST
Malaysia forecast 2021 crude palm oil production at 19.7 million tonnes

Malaysia forecast 2021 crude palm oil production at 19.7 million tonnes

Malaysia's commodities ministry on Thursday forecast crude palm oil production at 19.7 million tonnes in 2021, rising from 19.14 million tonnes last year. ...
January 21, 2021 at 12:20 pm IST
Silver lining:  Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on

Silver lining: Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on

U.S. President Joe Biden's move to scrap the Keystone XL oil pipeline, while a blow to Canada's energy sector, is a blessing in disguise for Prime Minister Justin Trudeau, who is eager to embrace the...
January 21, 2021 at 09:46 am IST
Feed fight:  African consumers hit as Asia gobbles up rice supplies

Feed fight: African consumers hit as Asia gobbles up rice supplies

Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the most important staple food for billions of people...
January 21, 2021 at 07:14 am IST
Gold gains over 1% as focus turns to Biden administration

Gold gains over 1% as focus turns to Biden administration

Gold prices rose more than 1% on Wednesday as U.S. Treasury secretary nominee Janet Yellen bolstered bets for another stimulus package under President Joe Biden....
January 20, 2021 at 10:42 pm IST
China's imports of Australian copper ore plunged to zero

China's imports of Australian copper ore plunged to zero

China's imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, with monthly arrivals at zero for the first time in over 16 years as smelters...
January 20, 2021 at 07:27 pm IST
Ivory Coast cocoa backlog threatens forward sales, sector sources say

Ivory Coast cocoa backlog threatens forward sales, sector sources say

Ivory Coast's large backlog of unsold cocoa could cause an around 10% slump in the guaranteed price for the 2020/21 mid-crop and jeopardise the outlook for next season, industry sources said, amid a...
January 20, 2021 at 02:11 pm IST
Oil gains on stimulus optimism ahead of Biden inauguration

Oil gains on stimulus optimism ahead of Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden's inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth....
January 20, 2021 at 01:33 am IST
Malaysia initiates WTO dispute over EU palm oil measures

Malaysia initiates WTO dispute over EU palm oil measures

Malaysia has filed a complaint against the European Union over its palm oil measures at the World Trade Organization, the WTO website showed on Tuesday. ...
January 19, 2021 at 10:24 pm IST