India is heading for its driest August in more than a century, with scant rainfall likely to persist across large areas, partly because of the El Niño weather pattern, two weather department officials told Reuters on Friday.
Australia's wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19 pandemic.
China's aluminium imports jumped 20.1% in July from a year earlier, customs data showed on Friday, due to low stocks and expectations for stronger demand in the autumn season.
Malaysian palm oil futures ticked up on Friday and were on track for their first weekly gain in four on robust demand, a weaker ringgit and stronger rival edible oils.
Some of the world's biggest advertisers, from food giant Nestle to consumer goods multinational Unilever, are experimenting with using generative AI software like ChatGPT and DALL-E to cut costs and increase productivity, executives say.
Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing.
Copper prices rose on Friday as the dollar retreated from a two-month high, although the metal is on track for a weekly loss as traders gauged disappointing China economic data and fears of further U.S. rate hikes.
China resumed beef imports from the Republic of South Africa on Aug. 17, according to an announcement on Thursday from the country's customs administration.
Chicago wheat jumped almost 2% on Friday, while corn gained ground as a drone attack on Moscow raised fears of further escalation in Russia-Ukraine war, which could reduce world grain supplies.
The slowdown in China’s economy and more broadly easing global growth was a risk to the central bank’s plan to keep the cash rate on hold through 2024, Reserve Bank of New Zealand Assistant Governor Karen Silk said Friday.
Chocolate makers like Hershey and Mondelez face tougher trading conditions over the next year as they attempt to pass on soaring cocoa costs to cash-strapped consumers who are cutting back.
Malaysian palm oil futures were set on Friday for their first weekly gain in four as prices rose further on the back of a weaker ringgit and stronger rival edible oils.
New Zealand farmers will have until the end of 2025 before they have to pay for methane produced by sheep and cattle, after the Labour government on Friday pushed back its plans to price agricultural emissions of greenhouse gases.
Chicago soybean futures gained more ground on Friday, with the market on track for its first weekly gain in a month as hot and dry weather conditions in the U.S. Midwest could reduce production.
Extreme dryness from planting through June has been the biggest hiccup of the current U.S. corn and soybean growing season, but the degree to which that has limited crop potential is unclear since there has not yet been widespread data collection from the fields.
Mexican beer maker Grupo Modelo and Millfoods will invest $300 million to build a corn processing facility in central Guanajuato state for beer production, Mexico's economy ministry announced in a statement on Thursday.
Unigel, the largest Brazilian manufacturer of nitrogen fertilizers, on Thursday announced the resumption of activities at a unit called Unigel Agro Sergipe, which produces urea and ammonia.
New Zealand's Fonterra Co-operative Group on Friday cut its forecast for farmgate milk prices for the second time this month, hurt by weakness in the global dairy industry.
Ross Stores raised annual sales and profit forecasts after beating quarterly estimates, as inflation-hit customers shopped for its discounted clothing and shoes, sending the company's shares up about 6% in extended trading on Thursday.
In trading on Thursday, shares of Compania de Minas Buenaventura S.A. (Symbol: BVN) crossed below their 200 day moving average of $7.68, changing hands as low as $7.61 per share. Compania de Minas Buenaventura S.A. shares are currently trading off about 1.6% on the day. The c
Checked
16 minutes 56 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities