Nasdaq Commodities

The Russian rouble slumped to a more than 11-month low against the dollar and euro on Friday, buffeted by geopolitical headwinds over the conflict in Ukraine and struggling to benefit from higher oil prices.

New York cocoa futures on ICE rose to the highest level in more than two years on Friday while white sugar prices slipped from the previous session's 10-1/2 year peak.

Tariffs on Ukrainian agricultural imports may need to be reintroduced if an influx of products that is pushing down prices in European Union markets cannot be stopped by other means, the prime ministers of five eastern states said on Friday.

Brazil oil exports hit a monthly record in March, even as an export tax went into effect, with oil companies having no room to relocate shipments, government data and experts showed.

Brazil oil exports hit a monthly record in March, even as an export tax went into effect, with oil companies having no room to relocate shipments, government data and experts showed.

If market distortions caused by the inflow of Ukrainian grain cannot be eliminated by other means, tariffs and tariff quotas should be reintroduced, the prime ministers of Poland, Hungary, Romania, Bulgaria and Slovakia said in a letter to European Commission President Ursula von der Leyen on Friday.

New York cocoa futures on ICE rose to the highest level in more than two years on Friday while white sugar prices slipped from the previous session's 10-1/2 year peak.

Indonesian palm oil company Astra Agro Lestari has appointed a third party to review practices of its subsidiaries following allegations by environmental groups of human rights abuses and procedural violations, the company said on Friday.

Kraft Heinz has agreed to sell its baby food business in Russia to local drinks and snacks maker Chernogolovka, the U.S. food giant said on Friday, as domestic firms continue to capitalise on the departure of Western brands.

Copper prices fell on Friday but was still up 6.6% over the first quarter as demand in top consumer China recovered from last year's slump, with many analysts predicting further gains to come.

Iberia, IAG's Spanish airline, plans to hire a total of 2,145 staff in the first half of the year to be able to handle the Easter travel rush and the summer season, a spokesperson said on Friday.

Tunisia on Friday introduced a quota system for potable water and banned its use in agriculture until Sept. 30 in response to a severe drought that has hit the country, the agriculture ministry said.

Friday’s reports from the U.S. government will set the tone for domestic grain markets heading into spring planting as current supplies of corn, wheat and soybeans all presumably sit at multi-year lows.

Chicago wheat eased while soybean and corn futures were nearly flat on Friday, with all three grains set for quarterly losses, in light trade as participants were expecting a U.S. government report on planting intentions due later in the day.

Exports of Malaysian palm oil products for March rose 24.0% to 1,438,074 tonnes from 1,159,720 tonnes shipped during February, cargo surveyor Intertek Testing Services said on Friday. Here is the breakdown of the ITS palm export figures for March compared with a month ago (in tonnes): PALM PRODUCTS

French inflation slid in March to a six-month low - though by slightly less than forecast - as a sharp drop in energy price inflation helped offset surging food prices, preliminary official data showed on Friday.

U.S. food giant Kraft Heinz has agreed to sell its baby food business in Russia to local drinks and snacks maker Chernogolovka, a representative from the Russian company told Reuters on Friday.

Romania's production of wheat, maize and sunseed fell by double digits in 2022, driven by weather and higher production costs, preliminary data from the National Statistics Board showed on Friday.

Copper prices were on track for a second quarterly gain on Friday, supported by improving demand from top consumer China after the country lifted its stringent COVID-19 restrictions.

Yara and Enbridge said on Friday they have signed a letter of intent to build a low-carbon blue ammonia production plant near Corpus Christi, Texas, with investment expected in the range of $2.6 billion to $2.9 billion.