Category: Commodity News

Ukraine, one of the world’s top wheat exporters, faces a scarce wheat planting that could potentially affect the global food supply. According to analysts, Ukraine’s harvest was down 40% to 19 million tons of wheat

Nickel reportedly exceeded its daily upper price limit on Monday, as traders offered to sell above the 15% limit for the first time since the March debacle. A disorderly trade on March 8 that pushed

Oil extends its gains on Monday from the last session following the curb of China’s strict Covid protocols, ultimately leading to hopes of economic and demand recovery for the world’s top oil importer. China’s rising

Prices of copper soared on Friday due to hopes of Fed’s slower rate-hike that could boost the industrial metal’s demand. With a weaker dollar due to the softer-than-expected data, the greenback-priced metal became cheaper for

Cocoa prices are at risk as dock workers continue their two-week-long strike, which blocked the cocoa supply. Although London cocoa reached a 2-year high, with New York cocoa posting a 5-month-nearest-futures high, the risk in

Oil prices drop for the third time on Wednesday amid worries about China’s COVID cases following a report of rising US crude stockpiles. West Texas Intermediate slumped 0.6% to $88.38 a barrel after falling for

Copper prices extended losses on Tuesday following China’s continued support towards its strict zero-COVID policy, while gold prices traded close to a one-month high as the dollar slipped on the possibility that the Federal Reserve

Gold prices edged lower on Monday as China’s continued implementation of strict measures to contain COVID-19 raised concerns over sluggish activity in the world’s second-largest economy and pushed the US dollar up. Spot gold slipped