Nasdaq Commodities

Around 15% of cocoa farms in the world's top grower Ivory Coast are in protected forest areas, potentially breaching standards expected in upcoming European Union law, a study commissioned by the country's sector regulator found.

South Korea's largest animal feed maker Nonghyup Feed Inc. (NOFI) purchased animal feed corn in an international tender for up to 276,000 tonnes which closed on Thursday, European traders said.

Brazilian airline Azul SA on Thursday reported a loss of 2.8 billion reais ($523 million) in the second quarter, narrower than a year ago but wider than the prior quarter, as the carrier suffered the impact of a punishing second wave of COVID-19.

China's Ganfeng Lithium, one of the world's top lithium producers, on Thursday said it had offered to buy the shares it does not already own in Mexico-focused Bacanora Lithium for up to 190 million pounds ($264.5 million).

The global rally in commodities has seen some like copper and iron ore probe record highs, but when it comes to the companies producing natural resources the gains in their share prices have been largely lagging and uneven.

State-owned Air Seychelles will not pay more than $20 million to holders of bonds worth $72 million, a government official told Reuters, even though creditors have threatened to wind the African airline up if they are not paid in full.

Lufthansa subsidiary Swiss is cutting its fleet by 15% and its workforce by up to 780 more people, the airline said on Thursday, as it responds to the collapse in passenger numbers caused by the coronavirus pandemic.

China's cabinet on Thursday said it will stabilise wheat and rice minimum purchase prices and improve subsidies for soybean and corn production, in a bid to promote grain output and boost grain security.

Tapestry Inc on Thursday forecast full-year sales to rise more than analysts' estimates, as the Coach handbag maker benefits from a strong rebound in demand for luxury goods in North America and China.

Arabica coffee futures on ICE rose to the highest level in more than four years on Thursday, boosted by the prospect of a much smaller Brazilian crop this year and expectations that demand may soon begin to rebound.

Coach handbag maker Tapestry Inc reported quarterly sales on Thursday that beat analysts' estimates, helped by a strong rebound in demand for luxury goods.

Japanese trading house Marubeni Corp has no plans to book impairment losses on its Myanmar business in this financial year, but is "deeply concerned" over the situation in the country and has halted a feasibility study on power projects, its CEO said on Thursday.

Aluminium neared $2,500 a tonne on Thursday - a level not seen since 2018 - as rising tensions between China, the biggest producer, and Australia, a major supplier of raw materials, added momentum to its rally.

U.S. grain brokers and analysts on Wednesday lamented CME Group Inc's decision to permanently end open-outcry options trading at a time when crop prices are surging, saying that pit traders could help navigate volatile markets.

Ivory Coast's cotton output for the 2021/22 season is projected to reach a record 580,000 tonnes, up 4% from the previous season, the cotton ginners' association said on Thursday.

The European Union's top court on Thursday upheld the EU's partial ban on three insecticides linked to harming bees, preventing their use on certain crops.

Indian edible oil refiners are curtailing palm oil imports for May and June as most states have imposed curbs on hotels and restaurants to arrest rising coronavirus infections, denting institutional demand, industry officials said.

Monsoon rains that mark the start of the four-month rainy season are likely to enter India through the southern coast around June 1, in line with typical patterns, a top government official said on Thursday.

The chief executive of easyJet said Britain was likely to be left behind the rest of Europe if the government does not allow quarantine-free travel to most of the continent when it announces where people can go on Friday.

The European Union's top court on Thursday upheld the EU's partial ban on three insecticides linked to harming bees, preventing their use on certain crops.