Nasdaq Commodities

China's state planner issued minimum purchase prices for some kinds of rice on Friday, raising the purchase price for early indica rice from a year ago while keeping others unchanged.

China has set the minimum purchase price for 2024 early indica rice, mid-late indica and japonica at 127 yuan ($17.64), 129 yuan and 131 yuan per 50 kilograms respectively, the National Development and Reform Commission said in a statement on Friday.

Malaysian palm oil futures closed lower on Friday on profit-taking and cautious trading ahead of a major industry conference in Kuala Lumpur next week, although the contract posted gains for the week.

Hong Kong's retail sales rose for a 14th consecutive month in January as tourism continued to improve, official data showed on Friday.

Taiwan's MFIG purchasing group bought about 65,000 metric tons of animal feed corn, expected to be sourced from the United States, in a tender on Friday, European traders said.

Ryanair will carry 198 million to 200 million passengers in the financial year from April versus the 205 million previously forecast, after announcing cuts to its summer schedule on Friday due to Boeing delivery delays.

India raised the base import prices of gold and silver as prices in the world market strengthened, while largely keeping the base price of vegetable oils steady, the government said in a statement late on Thursday.

Malaysian palm oil futures traded up on Friday, and were set for a weekly gain, tracking strength in rival vegetable oils, and anticipating new inputs from a major industry conference due to be held in Kuala Lumpur next week.

Spanish retail giant Zara is preparing to reopen the stores in Ukraine that it shut soon after Russia's invasion of the country, the Financial Times reported on Friday.

Nickel prices in London started March lower on Friday as gloomy manufacturing data from China weighed on sentiment, although the market was set for a weekly gain amid supply concerns and better demand hopes.

World Trade Organization negotiators released new draft deals on Friday after all-night talks in Abu Dhabi, showing that several key issues remained unresolved hours away from their deadline, which has already been extended twice.

Chicago soybeans inched higher on Friday, with the market recovering from last session's three-year low, although large South American supplies and lacklustre demand for U.S. cargoes are expected to curb the upside potential in prices.

Malaysian palm oil futures rose on Friday, and were set for a weekly gain, as the contract tracked strength in rival vegetable oils on the Dalian and Chicago Commodity Exchange.

Indonesia's rice output in 2023 was 31.10 million metric tons, down 1.39% from a year earlier, data from the country's statistic bureau showed on Friday.

Indonesia's rice output in 2023 was 31.10 million metric tons, down 1.39% from a year earlier, data from the country's statistic bureau showed on Friday.

Nickel prices in London retreated on Friday, after hitting a more than two-month high in the previous session, as easing supply concerns over the output by top producer Indonesia weighed on sentiment.

Chicago soybeans were largely flat on Friday, with the market trading close to a three-year low reached in the previous session, as prices came under pressure from large South American supplies and lacklustre demand for U.S. cargoes.

Indian billionaire Gautam Adani's group will source copper concentrates from Peru, Chile and Australia to kick-start its $1.2 billion copper smelter, the world's biggest single-location plant of its type, a top company official said.

The parent company of Malaysian budget airline AirAsia, Capital A, on Thursday, reported a loss for the final quarter of 2023, reflecting higher operating and financing costs while logging its first annual net profit since the onset of the COVID-19 pandemic.

Air Canada said on Thursday it plans to resume flights to Israel in April, after cancelling services to Tel Aviv following the Oct. 7 attack by Hamas militants on southern Israel.