10:20 am April 18, 2014 | No Comment
Demand for chocolate is rising at the fastest pace in three years, and farmers in West Africa aren’t growing enough cocoa to keep up. The cost of beans used to make chocolate reached a 30-month high in March, forcing confectioners to charge their customers more.
7:56 am April 17, 2014 | No Comment
India, the world’s second-largest gold consumer, will probably keep restrictions on imports to control the current account deficit and defend the rupee, said the managing director of the country’s biggest refiner.
8:58 am April 16, 2014 | No Comment
Palm oil production in Southeast Asia, the largest growing region, is at increasing risk from the probable onset of an El Nino later this year after estates were already hurt by dryness in the first quarter.
8:41 am April 16, 2014 | No Comment
Cocoa purchases by Indonesia, the third-biggest grower, will probably increase fourfold to a record this year as the government plans to scrap an import tax, according to the country’s grinders association.
9:13 am April 15, 2014 | No Comment
Anglo-Australian mining giant Rio Tinto posted a fall in first-quarter iron ore production on Tuesday, blaming bad weather over western Australia.
8:10 am April 15, 2014 | 1 Comment
Nickel’s bull run over the past couple of weeks has made it the star performer among the base metals pack traded on the London Metal Exchange. Tin, arguably the metal with the most bullish supply-usage dynamics, has been pushed into second place.
7:39 pm April 14, 2014 | No Comment
Pertamina, the state energy company, announced on Monday that average oil production increased 4 percent in the first three months of this year, compared with the same period last year.
5:15 pm April 14, 2014 | No Comment
Indonesia wheat imports will rise 6 percent to 7.1 million metric tons this year, an industry group in Asia’s second-largest importer said, above a previous forecast of between 6.5 million to 6.7 million tons for 2014.
11:38 am April 14, 2014 | 2 Comments
Indonesia’s coal production by volume in the first quarter remained little changed from the same period last year despite the decline in the coal price, according to the Energy and Mineral Resources Ministry.