South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has bought about 16,000 metric tons of soybeans free of genetically-modified organisms (GMOs) in international tenders for up to 20,000 metric tons which closed on Dec. 5 with price negotiations continuing into last week, European traders said on Thursday.
Vietnam's domestic coffee prices rose on Thursday, compared with last week, as supplies tightened after farmers refrained from selling the bean in hopes that prices would rise further, traders said.
The European Union said on Wednesday it would begin an anti-dumping investigation into biodiesel imports from China, which the bloc's industry says has slashed domestic production.
India's exports could drop by about $4-5 billion this year due to trade restrictions on wheat, rice and sugar, a person familiar with the matter said on Thursday.
Norwegian aluminium maker Hydro said on Thursday it expects an impairment loss of about 5.9 billion Norwegian crowns ($570.29 million) in the fourth quarter due to challenging alumina market conditions and Australian power price insecurity.
Malaysian palm oil futures dropped on Thursday, as investors booked profits after five straight sessions of gains, while lower overseas demand also weighed on the market.
Chicago soybean futures slid for a third consecutive session on Thursday, as rains in parts of Brazil's oilseed belt eased concerns over yields losses.
Boeing has won a key clearance from China's aviation regulator, moving it a step closer to resuming deliveries of 737 MAX aircraft to the country after a more than four-year freeze, trade publication The Air Current said on Wednesday.
Egypt's wheat reserves are sufficient for 4.5 months, while sugar and vegetable oils reserves cover 5.2 months, the country's state news agency said on Wednesday citing Supply Minister Aly Moselhy.
Exporters are scrambling to find alternative air, land and ocean routes to get toys, apparel, tea and auto parts to retailers as disarray ripples through freight supply chains around the world during a wave of attacks in the Red Sea.
The amount of coffee available in the world at the end of the 2023/24 season (Oct-Sept) will be the smallest for the last 12 years, as production is projected to be close to total use, the United States Department of Agriculture (USDA) said on Wednesday.
Raw sugar futures on ICE hit a fresh eight-and-a-half-month low on Wednesday as funds liquidated their remaining longs, while robusta arabica coffee fell after sharp gains seen in the previous session.
Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.
LATAM Airlines has placed an order for five Boeing 787s, it said on Wednesday, adding more of the widebody aircraft meant for long-haul or larger capacity flights to its book.
Pilots at Southwest Airlines will get about a 50% pay raise over a five-year period in their new contract, according to the details shared by their union on Wednesday.
The U.S. is detecting fewer cases of avian flu in wild birds that transmit the virus to poultry flocks, the agriculture department said, a potentially positive development for farmers and consumers after a two-year outbreak.
Reuters
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