Analysis: Commodities

Ivory Coast main cocoa crop to fall behind last year -trade

The current main cocoa crop in top producer Ivory Coast looks set to fall some 60,000 tonnes below last year's levels, upending market bets on an increase in bean output that could weigh on global...

Malaysia expects U.S. import ban on second plantation firm, after FGV barred

Malaysia is anticipating the United States to ban the imports of another plantation firm, after the U.S. Customs and Border Protection agency blocked entry of palm oil products from FGV Holdings over...

Ugandan coffee exports up 6% yr/yr in August - UCDA

Uganda's coffee exports rose 6.2% in August from the same month last year, boosted by maturing new crop and faster cross-border transportation as countries in the region relax anti-coronavirus rules,...

Ghana cocoa regulator signs $1.3 bln finance deal for 2020/21 season

Ghana's cocoa board signed on Tuesday a $1.3 billion pre-export finance deal for the 2020/21 cocoa season through a syndicated loan, following reports earlier this year that its usual lenders had...

India opens dumping probe into Malaysia, Vietnam, Thai copper tube, pipe imports

India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said.

Gold rises, erasing losses as dollar retreats from highs

Gold rose on Monday, erasing early losses as the dollar retreated from a two-month peak ahead of the U.S. presidential debates this week, although a stock market rebound capped gains in bullion.

Ivory Coast 2019/20 cocoa port arrivals seen at 2.074 mln T by Sept. 27 - exporters

Cocoa arrivals at ports in top grower Ivory Coast reached 2.074 million tonnes between Oct. 1 and Sept. 27, exporters estimated on Monday, down 5.1% from 2.185 mln tonnes over the same period last...

Japan's annual wrought copper output likely to hit lowest since 1975

Japan's production of wrought copper products is likely to sink 15.6% in the current financial year due to the COVID-19 crisis, an industry group said on Monday, with output hitting the lowest since...

Price of vice: Norway eyes cut in 'sin' tax on alcohol, sugar to spur spending

Norway's tipplers and sweet tooths may no longer feel a need to leave the country to stock up on their favourite vices....

Gold slips as investors look to dollar for safety from virus woes

Gold fell on Friday, hovering near last session's over two-month low, as investors sought shelter in the dollar from rising coronavirus cases and uncertainties over the next U.S. stimulus to aid the...

Discounts narrow in top hubs as gold price dip attracts some interest

Physical gold demand limped higher in top Asian hubs this week, with dealers in India easing discounts to the lowest level in six weeks, as a drop in prices saw a little interest return in the...

Ghana raises 2020/21 cocoa farmgate price by 28%

Ghana will increase the guaranteed cocoa price it pays to farmers during the upcoming growing season by 28% to 10,560 cedis per tonne President Nana Akufo-Addo said on Thursday....

Trump, eyeing Farm Country, starts working on ethanol industry's year-old wishlist

President Donald Trump, looking to shore up support in the U.S. Farm Belt during a tight race for re-election, is taking steps to help producers of corn-based ethanol using a list of policy goals that...

Venezuela launches London appeal in battle for $1 billion in gold

The Nicolas Maduro-backed Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion of gold reserves held in the Bank of England's underground vaults. The...

Less than half the gold sent to big refiners comes from mines - LBMA

Less than half the gold processed by major refiners in 2018 came from large industrial mines, the London Bullion Market Association said on Tuesday, publishing data revealing for the first time the...

China amends customs supervision on crude oil imports to improve efficiency

Chinese customs said on Tuesday it will amend the way it supervises crude oil imports as part of a broader effort to boost efficiency, allowing cargoes to clear customs before quality inspections have...

China fines Luckin Coffee and linked firms a total of $9 million

China's markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan for acts linked to Luckin's falsification of financial records and...

Kinross Gold CEO sees "very low" risk of unrest spreading to Mauritania

Canadian gold miner Kinross Gold said it saw a very low risk of political unrest in Mali spreading to Mauritania, its neighbour to the north where Kinross has a gold mine with plans to expand....

CME : 'Free money' for banks as investors pile into fractured gold market

Banks are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis.