Category: Commodity News

Cotton prices hit a 10-year high
Commodity News

Cotton prices hit a 10-year high

Cotton prices were previously this high in July of 2011. In 2011, we needed a prayer meeting,” Levi Strauss CEO Chip Bergh said. Bergh recounted how he had recently joined the denim store and was

Gold faced gains as crude oil plummeted
Commodity News

Oil Drops-Ease Coal Crunch

Oil prices dipped on Wednesday as the Chinese government stepped up measures to control record high coal prices and guarantee coal mines work at total capacity as part of Beijing’s efforts to alleviate a power

The oil price rally of 2021 Is far from over
Commodity News

The oil price rally of 2021 Is far from over

Even though oil prices have recently reached their highest levels in several years, they still can soar further this winter. Analysts believe that the short-term market fundamentals support this view. As stocks deplete, inventories worldwide

Oil prices remain steady
Commodity News

Oil prices remain steady

Oil prices remained high on Tuesday, after beginning the week at their highest level in years. Brent Oil Futures traded at $84.33 while WTI Futures were up 0.04 per cent at $81.72. Last week, both

Agricultural commodity
Commodity News

Commodities worth over $460m traded

The IME’s Public Relations and International Affairs Department said that the exchange-traded 1.323 million tons of commodities worth more than $217 million on its metals and minerals trading floor. This floor saw the sale of

Tea country Taiwan has to deal with the extreme weather
Commodity News

Tea country Taiwan has to deal with the extreme weather

Chien Shun-Yih sighs as he gazes out over his withering tea plantations in Taiwan’s scenic Meishan municipality in the south. Last year’s once-in-a-century drought, followed by torrential rain this year, wrecked his crop. Taiwan’s tea

Commodity News

Oil Holds Near $80, Gold remains Stable

After a four-day rise, oil prices remained above $80 per barrel as traders assessed the implications of a global energy crisis on-demand and industrial output. West Texas Intermediate fell a tad after reaching its best

U.S. oil's May contract just market history: oil plunging about 300%
Commodity News

Oil rises for the fourth day

Oil prices reversed early losses to extend gains into a fourth day on Tuesday as global demand rebounded, leading to energy shortages insignificant nations. Brent crude was up 21 cents, or 0.3 percent, at $83.86

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