India will allow the import of edible oils at lower import tax rates until March 2025, according to a government order seen by Reuters on Friday, as the world's biggest importer of vegetable oil moves to keep a lid on local prices.
It's been a year to forget for industrial metal traders. Early optimism around China's return from lockdown dissipated over the first half of the year, leaving most metals chopping around in difficult range-trading conditions over the second half.
Metals prices rose on Friday, helped by expectations of Chinese economic policy support amid worries of supply disruptions due to shipping constraints in the Red Sea.
Chicago soybean futures hit a two-week low on Friday as expected rainfall in Brazil eased concerns that arid conditions in the world's top soy exporter would drive yields lower and tighten supply.
Boeing's first direct delivery of a 787 Dreamliner to China since 2019 is set to land in Shanghai on Friday, a step that could hasten the end of China's freeze on deliveries of the firm's profitable 737 MAX after more than four years.
China will resume importing grouper fish from Taiwan from Friday, the Chinese government announced, just one day after angering Taipei with the ending of tariff cuts on some chemical imports less than a month before Taiwanese elections.
Chicago soybean futures fell for a fourth day on Friday as expected rainfall in Brazil eased concerns that arid conditions in the world's top soy exporter would drive yields lower and tighten supply.
Prices of parboiled rice from top exporters climbed this week, fuelled by limited supplies, pushing Vietnamese rates to their highest in more than 15 years, and in turn driving up the less expensive Indian variety to its highest in two months.
The EuroChem group, a global fertilizer supplier headquartered in Switzerland, on Thursday said it will start production of phosphate fertilizers in the first quarter of 2024 in the Brazilian state of Minas Gerais.
Nike missed market expectations for quarterly sales on Thursday, hurt by weak wholesale business in North America and a feeble recovery in China as customers in both the key markets continue to spend cautiously.
Recent rains across Argentina's farming heartland are boosting prospects for the country's key soy crop, reports from the government and the leading grains exchange showed on Thursday.
Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
Raw sugar futures on ICE hit a nine month low on Thursday amid soaring output from top producer Brazil and reduced weather concerns, for now, while robusta coffee again hit its highest in at least 15 years.
The area planted with soy in Argentina's 2023/24 campaign is estimated at 16.7 million hectares, the government said in a monthly crops report, 100,000 hectares larger than November's forecast after recent rains aided planting efforts.
The United States generated fewer renewable fuel blending credits in November versus the month prior, data from the Environmental Protection Agency (EPA) showed on Thursday.
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the o