India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war. India — which according to the International Sugar Organization is the world’s second-largest sugar producer and exporter after Brazil — said on […]
Indonesia, the world’s largest thermal coal exporter, said it will allow some operators to resume shipping out the commodity, a senior minister said Thursday, pointing to a relaxation of a ban decreed on January 1. Thirty-seven vessels loaded with coal have already been released for export as of Wednesday, according to a statement by coordinating […]
US oil nosedived below $11 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles demand.
China’s virus has roiled commodity markets as traders assess the epidemic’s economic impact on a nation heavily dependent on raw materials.
For the first time in many years, the World Bank’s outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday.