Raw sugar futures on ICE recovered late in the session on Wednesday to end slightly up after earlier falling towards the previous session's 11-month low, with the strong pace of production in Brazil keeping the market on the defensive.
Kenyan police said on Wednesday they were investigating suspected killings of four men on a Del Monte pineapple farm near Nairobi, months after a media report said security guards on the same farm had killed and assaulted trespassing villagers.
Chicago wheat declined on Wednesday, erasing most of the gains made the day before when worries that escalating wartime tensions would impact shipping in the Black Sea exporting region sent grains markets higher.
Guinea Alumina Corporation (GAC), owned by major producer Emirates Global Aluminium, has offered the Guinea government the use of GAC's fuel berth and bulk storage infrastructure to help deal with the aftermath of an oil terminal blast.
India has launched an investigation into how 303 Indians ended up on a chartered flight that was grounded in France last week because of suspected human trafficking, authorities in the western Indian state of Gujarat said on Wednesday.
Brazilian airlines Azul and Gol have secured access to around $200 million each in financing to fund engine maintenance plans, as carriers try to maintain capacity to meet strong demand for air travel.
Raw sugar futures on ICE were lower on Wednesday, slipping back towards the previous session's 11-month low, with the strong pace of production in Brazil keeping the market on the defensive.
Russia is set to increase fertilizer output by 10% next year after a recovery which should bring production and exports back to 2021 levels, the Russian Fertilizers Producers Association said on Wednesday.
Malaysian palm oil futures climbed for a second session on Wednesday, underpinned by strength in rival edible oils, although low trading volumes weighed on the market.
Chicago wheat slid on Wednesday after climbing to a more than two-week high in the previous session, although losses were curbed by renewed concerns over Black Sea supplies following Ukraine's attack on a large Russian naval ship.
Prices of most base metals rose on Wednesday after data showed manufacturing activity in top consumer China improved last month, while a weak U.S. dollar also lent support to the market.
China has approved a first batch of seed companies to breed and sell genetically modified corn and soybean seeds, paving the way for commercial planting of GMO grains in a move that could cut its reliance on imports from the U.S. and Brazil.
Malaysian palm oil futures rose for a second session on Wednesday, supported by strength in rival edible oils, although weaker crude oil prices and a stablising ringgit capped the gains.
Reuters
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27 minutes 11 seconds ago
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