Nasdaq Commodities

Sales at Italian luxury group Salvatore Ferragamo declined by 6.5% at constant exchange rates in the first quarter hit by a slowdown in the U.S. market, the company said on Thursday.

The area planted with sugarcane in Brazil, the world's largest sugar producer and exporter, fell to the lowest in 12 years in 2023 mostly because farmers switched to more profitable crops such as soybeans and corn, the government said on Thursday.

Sales at Italian luxury group Salvatore Ferragamo declined by 6.5% at constant exchange rates in the first quarter hit by a slowdown in the U.S. market, the company said on Thursday.

French health safety agency ANSES on Thursday cleared the use of phosphine pesticide in contact with grains exported outside the European Union when importing countries require the process, averting a halt to shipments from the EU's top grain exporter.

A group of South Korean flour mills on Thursday bought around 50,000 tonnes of wheat of different types to be sourced from Australia, European traders said.

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The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an industry body said.

Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators inspected Gucci's Milan headquarters this week as part of an investigation spanning several countries and companies.

A Dutch court heard arguments against KLM on Thursday from non-profit group Fossil Free for alleged "greenwashing" in advertisements that suggested flying with the airline is not a bad choice from an environmental perspective.

Arabica coffee futures fell on Thursday, after setting a 6-1/2 month peak earlier this week amid tightening supplies, while raw sugar steadied near Wednesday's 11-year high.

From cannabis-infused flowers to edible weed gummies, marijuana companies are pulling out all the stops as they eye bumper sales on April 20 - a day referred to as "4/20" in weed culture.

Lactalis, the world's largest dairy producer, said on Thursday its sales had risen by 28.4% in 2022 to 28.3 billion euros ($30.95 billion), but higher costs had pushed its annual net profit down by 14% to 384 million euros.

The International Grains Council (IGC) on Thursday raised its forecast for 2023/24 global corn production by six million tonnes to 1.208 billion tonnes.

French dairy giant Lactalis on Thursday said its sales had risen by 28.4% in 2022, to 28.3 billion euros ($30.95 billion), but also that its net profit fell 14% over the same period, to 384 million euros.

Brazilian soybean port premiums have fallen to historical lows in recent days amid lukewarm Chinese demand while the country reaps a record crop, analysts and traders said.

Arabica coffee futures fell on Thursday, after setting a 6-1/2 month peak earlier this week amid tightening supplies, while raw sugar steadied near Wednesday's 11-year high.

U.S. corn yield possibilities for this summer are still wide open, though industry participants might disagree over what represents a “normal” yield due to some recent trends.

Chicago wheat lost more ground on Thursday as fears of Ukrainian exports being halted were allayed by the resumption of vessel inspections under a wartime deal and by European Union steps to allow transit of grain via land routes to continue.

Europe's flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a Gucci facility in Milan as part of an investigation spanning several countries.

Copper prices slumped on Thursday on uncertainty over further U.S. rate hikes and a sluggish recovery of demand in China, while zinc hit a five-month low after a ramp-up in inventories.