Analysis: Commodities

China's crude oil imports from Saudi up 8.8% y/y in March, UAE shipments jump

China's crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived....

India's sugar demand falters during peak season due to COVID-19 curbs

India's sugar consumption during the peak demand season is set to fall for a second straight year after various states imposed restrictions including restaurant and shop closures to halt rising cases...

Gold hits seven-week peak as retreating U.S. yields boost appeal

Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating U.S. Treasury yields and a softer dollar bolstered the metal's appeal....

Gold rises nearly 2% as dollar, yields retreat

Gold jumped to its highest in over a month on Thursday as the dollar and U.S. Treasury yields retreated despite better-than-expected U.S. economic data, pushing more investors to bullion as a refuge...

Gold falls as firmer bond yields dull appeal

Gold fell on Wednesday as an uptick in U.S. Treasury yields weighed on bullion's appeal, while investors awaited speeches by several Federal Reserve officials in the wake of data showing higher...

India's March palm oil imports up 57% year on year, says trade body

India's palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive sunflower oil imports, a trade body said on Thursday....

Gold rebounds on strong U.S. inflation data, weaker dollar

Gold prices rebounded on Tuesday from their lowest levels in more than a week after data showing a sharp rise in U.S. inflation bolstered bullion's appeal as an inflation hedge and weighed on the...

Gold slips as firmer U.S. yields dull appeal

Gold fell on Monday as an uptick in U.S. Treasury yields dimmed bullion's appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health....

Malaysia end-March palm oil stocks hits four-month peak on higher imports, output

Malaysia's end-March palm oil stocks jumped more-than-expected to a four-month top, boosted by higher imports and production, but a surge in exports kept domestic supply in check, data from the...

Exclusive: Ingersoll Rand nears $1.7 billion deal to sell golf cart business to Platinum Equity - sources

Pumps and compressors manufacturer Ingersoll Rand Inc is nearing a deal to sell its golf cart business to private equity firm Platinum Equity LLC for around $1.7 billion, people familiar with the...

Gold slips on buoyant yields; set for weekly gain

Gold slipped more than 1% on Friday, weighed down by a jump inU.S. Treasury yields and a rebound in the dollar, but bullionwas still on course for its first weekly gain in three weeks....

Gold price rebound, COVID-19 curbs put brakes on India buying

Physical gold demand in India stalled this week after local prices rebounded from a one-year trough and coronavirus restrictions were imposed, while buyers in other major Asian hubs were also put off...

Gold tops one-month peak as dollar, U.S. yields retreat

Gold prices hit their highest level in more than a month on Thursday as the dollar and U.S. yields dropped and the Federal Reserve's reiteration of its dovish policy stance also lifted bullion's...

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....