An incentive program for coffee farmers in Panama who have planted scores of trees near the country's namesake canal also seeks to benefit the key global waterway, which has recently suffered from major drought that has crimped the flow of trade.
More ships carrying grain were diverted from the Suez Canal to sailings around the Cape of Good Hope this week after attacks on vessels in the Red Sea, shipping analysts said on Friday.
Brazilian airline Gol does not foresee layoffs related to its Chapter 11 proceedings, its chief executive said on Friday, after the carrier filed for bankruptcy protection in the United States as it grapples with high debt load.
The United States has been losing corn export business to Brazil as the South American country continues expanding its output, though top customer Mexico has secured a record volume of U.S. corn for shipment this year.
Arabica coffee futures on ICE rose sharply on Friday as the focus remained on whether there would be sufficient rain in Brazil's coffee belt to ease concerns about dryness.
French farmers blocked one of the main motorways linking Paris with the northern city of Lille and Belgium on Friday, causing lengthy traffic jams as part of nationwide protests over low food prices and excessive bureaucracy.
Chicago soybeans and corn edged lower on Friday as increased estimates for Argentina's harvest added to the price pressure of large South American supplies that could curb U.S. exports.
European equities gained on Friday, boosted by upbeat quarterly updates from luxury group LVMH and spirits maker Remy Cointreau, while investors assessed prospects for an interest rate cut this year after the European Central Bank left rates unchanged.
Farmers blocked one of France's main motorways liking Paris with the northern city of Lille, the Benelux and Britain on Friday, causing kilometres of traffic jams, the first major traffic disruption caused by the protest movement in the French capital.
Shares in LVMH were up by around 7% in early Paris trade on Friday following the French luxury giant's latest quarterly results, lifting peers including Hermes, Kering and Pernod Ricard, which were all up by more than 3%.
European equities opened higher on Friday, boosted by upbeat quarterly updates from luxury group LVMH and spirits maker Remy Cointreau, while investors gauged interest rate cut prospects, a day after the European Central Bank left rates unchanged.
Shares in LVMH were up by around 7% in early Paris trade on Friday following the French luxury giant's latest quarterly results, lifting peers including Pernod Ricard, Hermes and Kering which were all up by more than 3%.
Britain's fashion retailer Superdry said on Friday it does not expect market conditions to improve in the near term after a tough Christmas season, and added that Chief Financial Officer Shaun Wills will leave the company by the end of March.
Britain's Superdry said Chief Financial Officer Shaun Wills will step down at the end of March, while the struggling fashion retailer reported a wider half-yearly loss on Friday as unusual weather snubbed sales amid a cost-of-living crisis.
Two importer groups in the Philippines have issued two separate tenders each seeking to purchase between 45,000 to 48,000 metric tons of animal feed wheat, European traders said on Friday.
Malaysian palm oil futures eased on Friday tracking losses in rival edible oils, although the contract was set for a third weekly rise on forecasts of lower output amid good January exports.
Nonferrous metals traded largely mixed on Friday, but most were set for weekly gains on hopes of an improvement in demand from top consumer China following a raft of policy support.
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