Analysis: Commodities

Gold miners must ramp up renewable energy to meet climate goals - industry group

Gold miners must rapidly switch to renewable electricity generation if the industry is to curb emissions sufficiently to align with the Paris Agreement's 1.5-degree Celsius global warming target, the...

Air freight prices 'outrageous' as COVID-19 shots rolled out, says WHO expert

Some carriers are seeking outrageous prices to fly dry ice and other medical equipment in the pre-holiday rush, but a capacity squeeze should ease in 2021 when the roll-out of COVID-19 vaccines is...

Gold hits two-week high as investors eye fresh fiscal support

Gold rose to a two-week high on Tuesday, buoyed by growing expectations of more U.S. fiscal stimulus to combat the economic impact of rising coronavirus cases, while a muted dollar added further...

Miners launch strike at Resolute gold mine in Mali

Workers at Resolute Mining's Syama gold mine in Mali launched a five-day strike on Monday in a dispute over policy on COVID-19, although some production has continued, the head of Syama's union told...

Gold gains 1% on U.S. stimulus hopes, weak dollar

Gold rose more than 1% to a two-week high on Monday on expectations of fresh fiscal stimulus in the U.S. and a subdued dollar....

Ivory Coast lifts suspension of Hershey cocoa sustainability schemes

Ivory Coast will lift a suspension imposed this week on cocoa sustainability schemes run by Hershey after the U.S.-based chocolate maker committed to paying a premium aimed at combating poverty among...

Gold slides as stocks rally, but still set for weekly gain

Gold prices eased on Friday as equities rallied, although dollar weakness and a sharp slowdown in U.S. jobs growth in November spurring hopes of additional stimulus aid set gold on track for its first...

India premium slips, gold demand subdued across major hubs

Gold demand moderated this week in India after local prices recovered from a five-month trough, while buyers in other major hubs were also put off by a slight uptick in prices....

Stocks enjoy record inflows as gold loses lustre on vaccine trade: BofA

Investors stepped up buying of riskier assets such as stocks last week while pulling money out of safe-haven gold, BofA said on Friday, as major vaccine breakthroughs extended hopes that economies...

Brazilian soy farmers try 5G technology with Huawei equipment

The Brazilian farm state of Goias rolled out a pilot project on Thursday to increase productivity and take fast action against disease using fifth-generation technology and equipment provided by...

Brent rises to highest since March after OPEC+ output cut deal

Global benchmark Brent crude prices rose 1% to their highest since early March on Thursday on renewed hopes for a U.S. stimulus deal and after major oil producers agreed to increase output by a modest...

Ivory Coast cocoa farmers threaten to boycott industry sustainability programs

Ivory Coast's cocoa farmers union will withdraw from chocolate industry sustainability programs if companies try to avoid paying a premium aimed at combating farmer poverty, it said on Thursday....

Gold firms on stimulus bets, weak dollar

Gold firmed on Thursday as the dollar fell and investors clung to hopes of an eventual breakthrough in negotiations over a fresh U.S. coronavirus aid package. ...

Palm oil demand will be limited if prices continue to rise - analysts

Palm oil demand may be restrained next year, as supply shortages triggered by unfavourable weather, infrastructure issues and the COVID-19 pandemic push prices up further, analysts told a virtual palm...

New Indonesia palm oil levy seen hurting demand, smallholder farms

Indonesia will impose higher levies on crude palm oil starting Dec. 10, an official document showed on Thursday, a move that could impact demand next year as it seeks to generate funds for its...

Platts proposes to include U.S. WTI in oil benchmark dated Brent

S&P Global Platts said on Thursday it would open a consultation with oil market participants on the possible inclusion of the U.S. crude grade WTI in its dated Brent oil price assessment, which forms...

U.S. bans cotton imports from China producer XPCC citing Xinjiang 'slave labor'

The Trump administration expanded economic pressure on China's western region of Xinjiang, banning cotton imports from a powerful Chinese quasi-military organization that it says uses the forced labor...

Ivory Coast struggles to sell cocoa amid dispute over farmer premium

Ivory Coast has not sold up to 15% of cocoa from its ongoing main crop, while the vast majority of the upcoming mid-crop remains unsold as the COVID-19 pandemic drives down chocolate demand, four...

Gold hits one-week high on muted dollar, U.S. stimulus hopes

Gold rose to an over one-week high on Wednesday on a soft dollar, while signs of progress in discussions over a new U.S. coronavirus relief package bolstered bullion's appeal as a hedge against...