Analysis: Commodities

Exclusive: Codelco chief bullish on copper price, fears fresh pandemic volatility

Copper prices are likely to remain strong, but the spread of COVID-19 variants could spark fresh volatility in the market, the chairman of Chilean state miner Codelco, the world's largest copper...

Gold eases on swift recovery bets as focus turns to Fed minutes

Gold prices fell on Wednesday as strong economic data from the United States bolstered hopes of a swift recovery, with focus also turning to minutes from the Federal Reserve's last policy meeting for...

Gold scales over one-week peak on weaker dollar, yields

Gold prices rose to their highest in more than a week on Tuesday, after the metal's appeal was bolstered by a weaker dollar and lower U.S. Treasury yields....

Gold flat as weak dollar counters rally in stocks

Gold prices were little changed on Monday as a softer dollar countered pressure from gains on Wall Street driven by hopes for a swift economic recovery following strong U.S. jobs data....

Egypt's Canal Sugar to start production before June - CEO

Egypt's Canal Sugar has started trial production and will begin commercial production before June at its new beet sugar factory, which aims to be world's biggest such plant, the chief executive said...

Malaysia's end-2021 palm oil stocks forecast to fall for 3rd year

Malaysia's palm oil inventories at the end of 2021 are projected to decline for a third consecutive year to 1.12 million tonnes, state agency the Malaysian Palm Oil Council said on Monday....

Exclusive: India's March gold imports surge 471% to a record 160 T - government source

India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday, as a reduction in import taxes and a correction in prices from...

Pakistan defers trade with India until Delhi reviews Kashmir's status, foreign minister says

Pakistan's cabinet on Thursday put off allowing imports of cotton and sugar from neighbouring India until Delhi reviews its 2019 move to revoke the Kashmir region's special status, the foreign...

Gold price dip lures some buyers, activity still muted in India

Physical gold demand saw an uptick in some Asian hubs this week, as lower prices buoyed the metal's demand, while jewellers in India were still cautious into the end of the financial year....

South Africa's NUM union seeks 15% wage hike from gold miners and Eskom

South Africa's National Union of Mineworkers said on Wednesday it planned to seek a hike of at least 15% in a three-year wage deal at upcoming negotiations with gold miners and state utility Eskom. ...

Gold rises on softer dollar, but set for worst quarter in over four years

Gold gained over 1% on Wednesday, helped by the dollar's pullback, but elevated U.S. bond yields still put the metal on course for its biggest quarterly decline in more than four years....

India raises genetically modified cotton seed prices by 5%

India has raised the price of genetically modified cotton seeds by 5% for the fiscal year that began in March, a government order said, potentially boosting revenues of leading local seed makers....

Pakistan lifts ban on cotton, sugar imports from arch-rival India as prices rise

Pakistan lifted a nearly two-year ban on sugar and cotton imports from arch-rival India on Wednesday, the finance minister said, a step towards reviving suspended trade between the two nuclear-armed...

South Africa's NUM union seeks 15% wage hike from gold miners

South Africa's National Union of Mineworkers said on Wednesday it planned to seek a 15% annual wage hike in gold sector over the three year period. ...

Pakistan lets private sector import 0.5 million tonnes of white sugar from India - sources

A top Pakistani economic body on Wednesday allowed the private sector to import 0.5 million tonnes of white sugar from India, sources said, a step towards reviving suspended trade between the two...

Gold prices at over two-week low as U.S. yields, dollar strengthen

Gold prices slipped on Tuesday to their lowest in more than two weeks, weighed down by a firm U.S. dollar and Treasury yields as expectations of a swift economic turnaround grew with vaccination rates...

Gold slides over 1% as dollar, yields advance

Gold slipped more than 1% to an over two-week low on Monday as a firm dollar and rising U.S. Treasury yields dented the safe-haven metal's appeal, also pressured by bets for a swift economic recovery...

U.S. farmers prep for massive corn acreage despite soy rally

A 45% rally in soybean prices in 11 months was not enough to convince South Dakota farmer DuWayne Bosse to give up any corn acreage on his farm this spring....

Envy Global removes managing director charged in nickel fraud

Singapore commodity trader Envy Global Trading Pte Ltd has removed Ng Yu Zhi from his role as managing director following investigations by authorities into the firm's nickel trading, the company said...