After a strong El Nino, global weather is poised to transition to La Nina in the second half of 2024, a pattern typically bringing higher precipitation to Australia, Southeast Asia and India and drier weather to grain and oilseed producing regions of the Americas, meteorologists and agricultural analysts said.
South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has issued an international tender to purchase an estimated 88,800 metric tons of rice to be sourced from the United States and China, European traders said on Wednesday.
Prices of non-ferrous metals moved within a narrow range on Wednesday amid a lack of fresh market-moving catalysts and tepid trading ahead of a long public holiday in top consumer China.
Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on Wednesday.
Pandora, the world's biggest jewellery maker, is aiming for organic revenue growth of 6%-9% in 2024, it said on Wednesday, after strong sales of its silver charms and bracelets drove its share price to more than double since the start of last year.
The world's biggest jewellery maker Pandora aims for organic revenue growth of 6%-9% in 2024, the company said on Wednesday, after strong sales of its silver charms and bracelets drove its share price to more than double since the start of last year.
The offices of French dairy giant Lactalis were searched this week by members of France's PNF financial prosecutor body, as part of a long-standing probe into alleged tax fraud, said a judicial source, confirming earlier media reports.
Ground staff at German airline Lufthansa walked out at major airports on Wednesday, raising the pressure in wage talks and piling misery on travellers in Europe's biggest economy already hit by strikes on railways and public transport.
Malaysian palm oil futures fell on Wednesday, snapping two consecutive sessions of gains, to trade almost flat, as output data from the world's second-biggest producer's industry regulator is awaited.
Chicago soybean futures declined on Wednesday with the market's focus on higher production in Argentina, while corn prices dropped to the lowest in more than three years.
Australia's red meat exports rocketed last year as a plunge in livestock prices made its products more competitive at a time when beef production in rival exporter the United States is falling.
The butchers in the Xinfadi wholesale food market, Beijing's largest, slouch on stools behind counters stacked with meat, occasionally looking up from their smartphone videos to call out to the few shoppers idly passing under the market's Lunar New Year decorations.
Metals prices flitted within a narrow range on Wednesday as traders gauged the lack of fresh market-moving catalysts and lacklustre trading ahead of a long public holiday in top consumer China.
Rainfall across Argentina’s grain belt last month was a touch lighter than in January 2023, shortly before what was perhaps the country’s worst-ever summer harvest.
U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.
The S&P 500 closed slightly higher on Tuesday, as investors scrutinized a mixed bag of earnings at big U.S. companies and digested comments from Federal Reserve policy makers for clues about its first planned interest-rate cut.
A door panel that flew off a Boeing 737 MAX 9 jet mid-flight on Jan. 5 appeared to be missing four key bolts, according to a preliminary report from U.S. investigators that provided the first official look into how the frightening mishap took shape.
An activist hedge fund chaired by former Canadian Prime Minister Stephen Harper is pushing U.S. department store operator Kohl's to sell itself, according to people familiar with the matter.
Reuters
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