Ghana's Cocobod has borrowed between $150 million and $200 million from cocoa traders to purchase beans since the 2023/24 season opened early in September, the regulator's public affairs manager Fiifi Boafo said on Tuesday.
Copper prices retreated from one-month highs on Tuesday under pressure from a stronger dollar and Chinese trade data suggesting that economic recovery in the world's biggest consumer remains uneven.
European astronomers on Tuesday released the first images from the newly launched Euclid space telescope, designed to unlock the secrets of dark matter and dark energy - hidden forces thought to make up 95% of the universe.
Copper prices retreated from one-month highs on Tuesday under pressure from a stronger dollar and Chinese trade data suggesting that economic recovery in the world's biggest consumer remains uneven.
U.S. wheat shipments typically weaken at this time of year as soybean exports take the stage, but last week’s decline was unprecedented, reflecting the United States’ shrinking share of world wheat trade.
Chicago wheat futures slid for the first time in five sessions on Tuesday, with the improved condition of the U.S. winter crop boosting the 2024 global supply outlook and adding pressure on prices.
Bangladesh will raise the minimum wage for garment workers by 56.25%, the first hike since 2019, the junior labour minister said on Tuesday after a week of protests calling for higher salaries.
Eight trading companies are believed to be taking part so far in the international tender from Jordan’s state grains buyer to purchase 120,000 metric tons of wheat which closed on Tuesday, traders said in initial assessments.
Raw sugar futures on ICE rose to a 12-year high on Tuesday boosted by supply tightness expected to continue into next year as an El Nino weather event curtails production in major Asian producers India and Thailand.
Malaysian palm oil futures closed lower on Tuesday for the third consecutive session, as prospects of higher supplies weighed on prices, although a weak ringgit limited losses.
India's Arvind Fashions reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins.
Singapore Airlines on Tuesday posted a record half-year profit on the back of strong demand for travel, reflecting a rebound in passenger traffic to the northern part of Asia as countries fully reopened post the Covid pandemic.
Indian retailer and hypermarket operator Trent on Tuesday reported a nearly three-fold surge in the second-quarter profit because of strong demand, sending its shares to a record high.
Frankfurt Airport operator Fraport on Tuesday reported a 14% rise in third-quarter core profit, above market estimates, citing a rebound in passenger traffic during the European summer season.
China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the world's second-largest economy facing persistent risks despite a recent improvement in domestic demand.
Chicago wheat futures slid for the first time in five sessions on Tuesday, with the improved condition of the U.S. winter crop boosting the 2024 supply outlook and adding pressure on prices.
Malaysia will not proceed with a proposed bill to prevent transborder haze pollution, its environment ministry said, citing difficulties in obtaining the necessary information for prosecution purposes.
Reuters
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