Commodities

Arabica Coffee Prices Hit Record High Amid Concerns Over Brazil Output

Arabica coffee prices hit record highs as dealers fretted over Brazil's crop outlook after Volcafe, one of the world's largest coffee traders.

World Food Prices Reach 19-Month High In November, UN Says

The United Nations' world food price index rose in November to its highest level since April 2023, recording its biggest gain in 19 months.

EU Delays Deforestation Ban But Discards Changes

Negotiators for EU institutions agreed a compromise on a ban on the import of commodities linked to deforestation, which will be delayed by a year but with...

Cargill Planning To Cut Around 8,000 Jobs

Global trading house Cargill said that it plans to cut around 5% of its staff, or about 8,000 jobs after revenue slumped in its most recent fiscal year as...

Bunge Profit Tops Estimates On Grain, Oilseed Volumes; 2024 Outlook Intact

Bunge exceeded Wall Street expectations for third-quarter profit as large global harvests provided the grain trader and processor enough volumes of soy, co...

France's Danone Cuts Out Brazilian Soy Ahead Of Tough New EU Rules

Danone has stopped sourcing soy from Brazil and now buys from countries in Asia, its finance chief told Reuters, ahead of a European Union rule requiring c...

Indonesia Concerned Over EU Deforestation Law Rules, Not Implementation Timeframe

Indonesia has said that a proposed European Commission delay in the rollout of its anti-deforestation law was a good step but a more pressing issue was imp...