Morocco will offer subsidies to import up to 2 million metric tons of soft wheat between Oct. 1 and Dec. 31, state grains agency ONICL said, as the North African country pursues a large import programme to offset drought-hit local production.
Most stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher, amid a tighter supply outlook after Moscow issued a temporary ban on fuel exports.
Morocco will offer subsidies to import up to 2 million metric tons of soft wheat between Oct. 1 and Dec. 31, state grains agency ONICL said, as the North African country pursues a large import programme.
Portuguese oil company Galp said on Monday it had teamed up with Japan's Mitsui to invest 400 million euros ($426 million) in an industrial-scale plant to produce biodiesel and biojet fuel from waste at its Sines refinery.
Ukrainian grain exports over Sept. 1-24 totalled 1.57 million metric tons, down sharply from the 3.21 million tons in the corresponding period last year, agriculture ministry data showed on Monday.
Copper prices fell on Monday, as risk sentiment was dampened by global central banks reiterating a "higher-for-longer" mantra on interest rates, with higher inventories also weighing.
Iranian state-owned animal feed importer SLAL has issued international tenders to purchase up to 180,000 tonnes of animal feed corn and 120,000 tons of soymeal, European traders said on Monday.
Iranian state-owned animal feed importer SLAL has issued international tenders to purchase up to 180,000 tonnes of animal feed corn and 120,000 tons of soymeal, European traders said on Monday.
Europe's sugar beet growers are turning away from the crop in a move that could drive soaring prices even higher, as the EU's environmental rules clash with its bid to stem food inflation and secure supplies.
Chicago wheat slid on Monday, with the market giving up some of last session's gains, although concerns over dry weather hitting production in key Southern Hemisphere suppliers Australia and Argentina curbed losses.
London copper prices fell on Monday as risk sentiment was dampened by the prospects of higher-for-longer interest rates in the United States, while buying slowed ahead of a long public holiday in top consumer China.
China will auction 6,700 metric tons of frozen beef and mutton on Sept. 26, the Huashang Reserve Commodity Management Center said in a notice on Monday.
Australian shares declined on Monday in broad-based selling, as investors grappled with the prospects of global interest rates staying higher for longer, while Qantas Airways hit a near one-year low after flagging a hit from elevated oil prices.
Chicago wheat futures gained more ground on Monday, with prices underpinned by concerns over lacklustre production in key Southern Hemisphere suppliers such as Australia and Argentina.
Australia's Qantas Airways said on Monday higher fuel prices were expected to drive its fuel bill higher by about A$200 million ($128.80 million) in the first half of financial year 2024.
French President Emmanuel Macron said on Sunday the government would ask the fuel industry to sell at cost price and would grant 100 euros ($106.52) in aid to the poorest workers who drive to work, to stem the impact of inflation on households.
Italian designer Giorgio Armani presented soft, fluid looks at Milan Fashion Week on Sunday, offering plenty of lightness and shimmer for women's wardrobes next summer.
Australia wants a separate dialogue with China on their dispute over wine, the agriculture minister said on Sunday, rejecting Beijing's proposal to link wine with other trade issues as the two nations slowly seek to improve battered relations.
Reuters
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