Nasdaq Commodities

Brazil cane mills will boost their sugar production capacity as much as 10% in the new season from April to take advantage of relatively high sugar prices and as increasing supplies of corn make the grain a cheap feedstock for ethanol output.

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Thursday it had cancelled an international tender for wheat that had a deadline for offers of March 7.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block deal, news channel CNBC-TV18 reported on Thursday, citing sources.

Russia said on Thursday that it had sent 27 tonnes of pork to China, the first exports of the meat there since Beijing imposed a ban on Russian pork nearly 15 years ago due to African Swine Fever.

European Union lawmakers approved on Thursday granting Ukrainian food producers tariff-free access to EU markets for another year, rejecting amendments that could have increased restrictions.

Malaysian palm oil futures fell on Thursday after hitting its highest closing price in more than seven months in the previous session, weighed down by a firmer ringgit, although strength in rival edible oils capped losses.

Czech farmers dumped manure in front of government offices and blocked Prague streets with tractors on Thursday as they renewed their demands for more support, less bureaucracy and a halt to cheap imports to the European Union.

Vietnam's rice exports are estimated at 6.5-7.0 million metric tons this year, down from last year's record high of 8.1 million tons, according to a report by Vietnam Food Association.

South Africa's current account deficit widened sharply in the fourth quarter of 2023 to 2.3% of gross domestic product (GDP) from a revised 0.5% of GDP in the third quarter, central bank data showed on Thursday.

Lufthansa warned on Thursday its operating losses in the first quarter will widen and gave a subdued outlook for 2024 as the German airline struggles with costly labour disputes, offsetting the travel boom.

Fashion and fragrance company Puig said on Thursday its annual sales grew 19%, boosted by recent acquisitions, with net sales of its leading Rabanne label surpassing 1 billion euros ($1.09 billion) for the first time in a sign of resilience in the high-end beauty market.

Premiums climbed further in major Asian robusta beans producers, Vietnam and Indonesia, traders said on Thursday, as demand was high amid depleted stocks.

British aerospace supplier Melrose raised its profit outlook for this year by 30 million pounds on Thursday, buoyed by pent-up demand in civil aviation, after it posted a surge in 2023 profit ahead of market view.

Hugo Boss on Thursday forecast operating profit for 2024 below market expectations, as it flagged persistently weak consumer confidence, in particular in distinct European economies.

Hugo Boss on Thursday forecast sales and operating profit for 2024 below market expectations and said it 2025 sales target might be slightly delayed, blaming weak consumer demand, especially in some European markets.

Zinc futures rose to their highest level in five weeks on Thursday, as output reduction at a smelter in South Korea threatened supply, but tepid demand in major consumer China capped gains.

High costs such as jet fuel remain a headwind for Scandinavian airline SAS, even as it sees leisure travel staying buoyant in 2024, its CEO told Reuters on Thursday, echoing the mixed picture painted by others in the sector.

Germany faced strikes on three fronts on Thursday, as train drivers, airport security workers and Lufthansa ground staff walked off the job, spelling further headaches for millions of travellers in Europe's largest economy.

Lufthansa reported on Thursday an operating profit of 2.7 billion euros ($2.94 billion) for 2023 as expected, adjusting its outlook for its 2024 operating margin down to 7.6% from a goal of 8% as it struggles with labour disputes.