Category: Commodity News

On Wednesday, prices of copper increased due to Peru’s mines starting to transport products again after three months of protests. Copper futures for May delivery rose by 0.54% to $3.99 per pound on March 08’s

On Monday, rice prices increased amid a jump in India’s exports to Africa during the current financial year. Rough rice futures for May delivery went up by 0.27% to $16.96 per hundredweight on March 06’s

On Friday, live cattle prices improved due to the effects given by the continental-scale drought in Australia. Live cattle futures for April delivery increased by 0.81% to $165.43 a pound on March 03’s Asian afternoon

On Friday, crude oil prices rose due to a sharp decline in Russian production caused by a lack of technology and equipment. Crude oil futures for April delivery improved by 0.01% to $78.17 per barrel

On Wednesday, cocoa prices surged after the International Cocoa Organization (ICCO) forecasted a drop in stockpiles. Cocoa futures for May delivery rose by 2.33% to $2,854.00 per metric ton on March 01’s Asian afternoon session.

On Monday, a German official announced they would reduce natural gas consumption targets at the European Union (EU) level. Natural gas contracts for April delivery declined by -0.14% to $2.77 per metric million British thermal

On Monday, sugar prices rose amid India’s output production decline in the 2022/23 season due to lower yields and weak recovery. Sugar futures increased by 3.00% to $20.26 per pound on February 27’s Asian afternoon

On Friday, Euronext wheat dropped to a one-month low brought by export competition from Russia and wartime shipping routes from Ukraine. Wheat futures for May delivery declined by -0.22% to $720.30 per bushel on February