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Commodities News

Saudi Arabia buys 275,000 tonnes of wheat

Tuesday, 26 April 2011 at 12:02, Reuters, Hamburg

Saudi Arabia's state grains buyer has purchased 275,000 tonnes of wheat from the United States and Australia in a tender, European traders said on Monday.

China sells 3.99pct of corn from state reserves

Tuesday, 26 April 2011 at 10:49, Bloomberg

China sold 3.99 per cent of the 23,669 metric tonnes of corn offered from temporary state reserves in auctions at an average price of 1,640 yuan a tonne today, the National Grain & Oil Trade Center sa

Sime rises four-months high on engineering contract

Tuesday, 26 April 2011 at 10:49, Bloomberg

Sime Darby Bhd, the world’s biggest palm oil planter, rose the most in almost four months in Kuala Lumpur trading after its engineering unit won a 1.15 billion-ringgit fabrication contract.

Silver futures plunge in India after rally

Tuesday, 26 April 2011 at 09:28, Bloomberg

Silver futures plunged as much as 5.3 per cent on the Multi Commodity Exchange of India Ltd after rallying to a record on Monday.

Iraq buys 300,000 tonnes US, Australian wheat

Monday, 25 April 2011 at 16:26, Reuters, Baghdad

Iraq has purchased 300,000 tonnes of US and Australian wheat on a tender issued two weeks ago, Iraq's grain board director said on Monday.

Australia Newcastle thermal coal falls 1.3pct%

Friday, 22 April 2011 at 16:12, Bloomberg

Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, decreased 1.3 per cent in the week ended today.

Korea Zinc rises after gold, silver gain

Friday, 22 April 2011 at 10:53, Bloomberg

Korea Zinc Co advanced in Seoul trading after gold gained to a record for the fifth straight session and silver rose above $46 an ounce.

Algeria’s wheat import bill may be $1bn: official

Wednesday, 20 April 2011 at 17:00, Bloomberg

Algeria, North Africa’s second- largest wheat importer after Egypt, may spend $1 billion this year on its wheat purchases, compared with $890 million last year, Noureddine Kehhal, general manager o

African tea prices fall to $2.61 a kilo

Wednesday, 20 April 2011 at 13:44, Bloomberg

African tea prices fell to an average of $2.61 a kilogramme at a weekly sale in Mombasa, Kenya compared with $2.73 a week earlier, Tea Brokers East Africa Ltd said in an e-mailed statement late yester

Zimbabwe bans export of chrome ore

Tuesday, 19 April 2011 at 12:18, Bloomberg

Zimbabwe will from tomorrow ban the export of chrome ore to boost local processing, the country’s Ministry of Mines and Mining Development said in a statement published in the Harare-based Herald ne


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