Cocoa farmers in Ivory Coast on Tuesday said they were optimistic about the October-to-March main crop despite two weeks without rain in most growing regions and an uptick in dry Harmattan winds in central regions.
Brazilian state-run oil company Petrobras will reduce diesel prices at its refineries by an average 8% starting Wednesday, it said in a statement on Tuesday.
An executive of Turkey's IC Holding Serhat Sogukpinar was appointed chief executive of Istanbul's Sabiha Gokcen airport, as part of a cooperation deal between airport operator Malaysia Airports Holdings Berhad and IC Holding.
U.S. retail sales rose 3.1% between Nov. 1 and Dec. 24, rounding up a majority of the holiday sales for retailers, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday.
China has issued licences to 26 domestic seed companies to produce, distribute and sell genetically modified corn and soybean seeds in certain provinces, paving the way for commercial planting of the GMO grains.
Malaysian palm oil futures ticked up on Tuesday as trading resumed after a long holiday weekend, with stronger rival Dalian vegetable oils underpinning the market, although low volumes of trade limited gains.
Cocoa arrivals at ports in top grower Ivory Coast reached 747,000 tonnes by Dec. 24 since the start of the season on Oct. 1, down 36.3% from the same period last season, exporters estimated on Tuesday.
Shipments of Russian Sokol crude oil to Indian Oil Corp have been delayed by payment problems, forcing India's biggest refiner to draw from its inventories and buy more oil from the Middle East, two sources familiar with the matter said.
High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates.
Shanghai aluminium futures rose on Tuesday, set for their ninth straight session of gains, on falling inventories in China and supply disruptions in upstream feed material.
The death toll from a fire at an Indonesian nickel smelter has risen to 18 as of Tuesday from 13 on Sunday, local police said, while operations at the smelter remain suspended as authorities investigate the cause of the incident.
Malaysian palm oil futures edged up on Tuesday as trading resumed after a long holiday weekend, with stronger rival Dalian vegetable oils underpinning the market although low volumes of trade limited gains.
Malaysian palm oil futures opened higher on Tuesday as trading resumed after a long holiday weekend, with stronger rival Dalian vegetable oils underpinning the market.
Philippine President Ferdinand Marcos Jr. has approved the extension of reduced tariffs on rice and other food items until the end-2024 to keep prices stable amid a threat of dry weather in the coming months, his office said on Tuesday.
Reuters
Checked
17 minutes 30 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities