Agriculture, Energy and Metal Information
Preliminary information from two traders on Thursday indicated that deliveries of raw sugar upon the expiry of the March contract SBH4 on the ICE exchange amounted to 25,751 lots, equivalent to approximately 1.3 million metric tons. Wilmar International, an Asian commodities trader, reportedly emerged as the primary deliverer of sugar with 22,562 lots, totaling 1.14 […]
The U.S. Department of Agriculture has disbursed more than $2.1 billion to assist over 39,000 farmers facing economic challenges through a loan relief initiative funded by the Inflation Reduction Act, as announced by the agency. This relief initiative comes amidst government projections of a significant decline in U.S. farm income this year, exacerbated by many […]
The International Cocoa Organization (ICCO) announced on Thursday an anticipated escalation in the global cocoa deficit for the ongoing 2023/24 season, with diminished production in key producers Ivory Coast and Ghana attributed to aging trees and disease. In its quarterly update, the inter-governmental organization projected a deficit of 374,000 metric tons for the 2023/24 season […]
Indonesia’s rice production in 2023 totaled 31.10 million metric tons, reflecting a 1.39% decrease compared to the previous year, as per data released by the country’s statistical bureau on Friday. The bureau’s estimates for the January-April 2024 harvest period project rice output at 10.71 million tons, indicating a substantial decline of 17.52% from the corresponding […]
In a recent report by the Indonesia Palm Oil Association (GAPKI), it was revealed that Indonesia’s palm oil exports in 2023 experienced a 2.7% decrease compared to the previous year, amounting to 32.2 million metric tons. This drop from the 33.1 million tons shipped in 2022 was attributed to a combination of reduced export volume […]