Rusal's 2022 net profit fell by around 44%, the Russian aluminium giant said on Friday, as it faced logistics challenges, increased costs and market volatility sparked by the conflict in Ukraine.
Rusal's 2022 net profit fell by around 44%, the Russian aluminium giant said on Friday, as it faced logistics challenges, increased costs and market volatility sparked by the conflict in Ukraine.
Indonesia's plan to channel crude palm oil (CPO) exports via a futures exchange would improve policymaking in the top producer and avoid a need for the type of export ban that sent shockwaves through global markets last year, its chief regulator said.
Most base metals prices rallied on Friday as easing of concerns over a banking crisis due to Silicon Valley Bank and Credit Suisse lifted sentiment, but they were set for weekly losses amid lingering fears over rising interest rates and recession.
Malaysian palm oil futures were set for a second straight weekly drop on Friday, even as prices rose from a one-month low hit in the previous session, supported by recovery in some rival oils and good export data.
Malaysian palm oil futures were set for a second straight weekly drop on Friday, even as prices rose from a one-month low hit in the previous session, supported by a recovery in most rival edible oils.
Chicago soybean futures rose for a second session on Friday, with a further reduction in drought-hit Argentina's production estimate underpinning the market.
Base metals prices rose on Friday, as a host of bailout measures to avert a banking crisis soothed investors' nerves, while a weaker dollar and hopes for Chinese demand recovery also boosted sentiment.
Chicago soybean futures rose for a second session on Friday with a further reduction in drought-hit Argentina's production estimate underpinning the market.
The Federal Aviation Administration (FAA) needs more air traffic controllers to address rising passenger demand, the chair of a U.S. Senate panel overseeing aviation issues said on Thursday, amid investigations into a series of recent runway incidents.
India should extend a ban on wheat exports in place since last year to help ensure lower domestic prices and sufficient stocks for consumers, a flour millers' industry body said on Thursday.
The Indonesian government has approved a variety of GMO wheat for human consumption designed to better resist drought, leading Argentine biotech firm Bioceres Crop Solutions Corp and developer of the HB4 wheat told Reuters on Thursday.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Thursday it bought 120,000 tonnes of Ukrainian wheat in an international tender for shipment April 15-25, 2023.
Money managers sold a record amount of Chicago-traded corn at the end of February, and they continued a relatively heavier selling pace through the first days of March.
Arabica coffee futures on ICE rose to settle at a one-week high on Thursday, taking their cue from a rebound in the broader financial markets, while sugar and cocoa prices also climbed.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Thursday it bought 120,000 tonnes of Ukrainian wheat in an international tender for shipment April 15-25, 2023.