Analysis: Commodities

Malaysia exempts palm oil from export duty

Malaysia will fully exempt palm oil from export duty this year as part of plans to support industries badly hit by the coronavirus pandemic. Prime Minister Muhyiddin Yassin on Friday...

Malaysia end-May palm oil stocks seen up 9.9% at six-month high

By Mei Mei Chu Malaysian palm oil inventories at the end of May likely jumped 9.9% from the previous month as production rose, hitting the highest level in six months despite a recovery...

Gold : Mali's industrial gold production expected to slump in 2020

Industrial gold production in Mali is expected to fall by 8.3% year on year to 59.77 tonnes this year compared with 2019 due to falling output at several mines, Mali's mines and petroleum ministry...

Anglo American Platinum shuts unit at processing plant

Anglo American Platinum said on Wednesday that it had closed the Phase B unit of its Anglo Converter Plant after detecting a water leak in the high-pressure cooling section. The...

New York Cotton : U.S. senator Cotton cautions Britain over Huawei cooperation

U.S. Republican Senator Tom Cotton cautioned Britain on Wednesday that a decision to allow China's Huawei a role in 5G networks could hurt military cooperation and be an issue in trade talks. ...

Mali cotton output at 700,000 T in 2019/20

Mali produced 700,000 tonnes of cotton in the 2019/2020 season, around 6.6% more than the previous year, state-owned Malian Company for Textile Development said on Monday. Mali is one...

Ivory Coast rains bring relief to cocoa farmers

Above-average rains last week in most of Ivory Coast's cocoa-growing regions could boost the last stage of the April-to-September cocoa mid-crop, farmers said on Monday. Ivory Coast, the...

Zambia's CEC to discontinue power supply to Konkola Copper Mines after talks fail

Zambia's Copperbelt Energy Corp. said it will stop supplying power to Vedanta's local unit Konkola Copper Mines Plc from Monday after talks on extending their supply agreement broke down over debt...

Indonesia sets export levy on crude palm oil at $55 per tonne

Indonesia will charge a blanket export levy of $55 per tonne on crude palm oil shipments from June 1, a Finance Ministry regulation showed on Saturday, as the government seeks to raise funds for a...

Coffee : maker JDE Peet's IPO wrapped up in just 72 hours - sources

By Clara Denina and Gwénaëlle Barzic It took just three days to sell shares in JDE Peet's as investors facing a dearth of opportunities because of the coronavirus-induced slow-down...

Indonesia keeps palm oil, cocoa export taxes unchanged for June

Indonesia will keep its export tax for crude palm oil at zero for a third month in June, the country's trade ministry said in a statement on Friday. The country's cocoa export tax will...

Gold M&A back on the agenda as coronavirus restrictions ease

By Zandi Shabalala and Jeff Lewis A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months,...

Indonesia high-speed rail, nickel among $97 billion priority projects

Indonesia plans to extend a high-speed rail project being built with China and bring in Japanese investors, as part of 89 priority projects slated for Southeast Asia's biggest economy over four years,...

Canada's CIBC lost $64 million in a day on paper in gold market turmoil

By Peter Hobson Canadian Imperial Bank of Commerce took a mark-to-market trading loss of C$88.2 million in one day in March due mainly to volatility in the gold market, the bank said...

Gold eases as equities rally, Hong Kong woes limit losses

By Brijesh Patel Gold prices edged lower on Tuesday as hopes of economic recovery lifted share markets with many countries easing coronavirus-driven lockdowns, although Sino-U.S....

Barrick's Tanzania gold concentrate containers cleared for export

Gold concentrate containers belonging to Barrick's Tanzania subsidiary Twiga Minerals have been cleared for export, four months after the government lifted an export ban imposed during a tax dispute,...

Miner Hudbay Minerals expects delay to Peru copper expansion

Canadian miner Hudbay Minerals Inc expects a delay of up to four months before it can start mining an extension at its Constancia copper mine in Peru, the miner's chief executive said on Thursday. ...

BRENT CRUDE OIL SPOT: Oil: From Pessimism to Optimism

Oil prices have been recovering for several weeks after the historic fall in WTI prices to below the zero dollar mark, and have since recovered significantly, supported by improved prospects.

Malaysia to strengthen trade ties with India after palm oil purchases

By Mei Mei Chu Malaysia voiced its commitment to further strengthen diplomatic and trade ties with India, after the world's largest edible oil buyer renewed purchases of Malaysian palm...