China copper imports drop 27% as growth slumps to 27-year low
China’s copper import levels fell 27% in June on a year-over-year basis, Reuters reported, as a slowdown in the world’s second-biggest economy continues to weigh on demand for the metal.
COMMODITIES
Australia marginally lowers forecast for LNG export volumes
Australia trimmed its LNG export volumes forecast for the next two years as the country aims to overtake Qatar as the world's largest exporter of the liquified fuel, the Canberra-based Department of Industry, Innovation and Science said Monday (July 1) in its Resource
Oil prices jump amid escalating US-Iran tensions
Crude oil prices rose on Monday (June 24), extending gains to a third straight session, amid a backdrop of rising geopolitical tensions.
Middle East tensions send gold to 14-month high
Gold hit its highest since April last year on Friday (June 14), surpassing the key $1,350 level, as renewed trade tensions, underwhelming Chinese industrial output data and intensifying geopolitical concerns in the Middle East dented risk appetite.
Oil prices fall sharply as inventories rise and trade concerns persist
Oil prices dropped more than 4% on Thursday, extending steep losses from the previous session, as U.S. crude stockpiles ballooned and the ongoing trade war between the United States and China is jeopardising the outlook for global economic growth
Precious metals rise on the back of strong economic US data
Prices of precious metals increased on Friday (May 3) after the release of key US jobs data.
World wine production reached the highest level in 15 years-OIV
World wine production rose to near-record highs in 2018 after historically low 2017 harvest, though consumption seemed to be slowing down, the International Organisation of Vine and Wine (OIV) said on Thursday.
South Africa's maize harvest production set to drop in 2019
South Africa is likely to harvest 16 percent less maize in 2019 compared with the previous season after drought conditions delayed plantings in some corn growing areas, a Reuters poll of six traders and market analysts showed on Monday (March 25).
World olive oil market to register a CAGR of over 3% by 2023
The world olive oil market is expected to post a compound annual growth rate (CAGR)
of over 3% during the period 2019-2023, according to the latest market research report by Technavio.
Black pepper prices drop significantly amid rise in output
It looks like 2019 will be another challenging year for black pepper cultivators. Prices of the spice have fallen to their lowest level in about 12 years as Southeast Asian output grows, the Nikkei Asian Review reported on Monday (Feb.25).
