Skippy peanut butter maker Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as well as pressure on its retail business.
India will spend 11.8 trillion rupees ($141.63 billion) to fund the extension of its free food grains program for the next five years, the country's information minister said on Wednesday.
Malaysian palm oil futures fell on Wednesday, weighed down by ringgit gains and better offers from larger producer Indonesia, as traders await full month output estimates.
The U.S. Department of Agriculture on Wednesday said it would start accepting applications for an initial $300 million in funding to help U.S. agricultural exporters break into new markets outside China, Canada, Mexico and the European Union.
Producers of Cuba's famous rum are feeling the pinch with local sugar output forecast to remain at record lows this season amid a grueling economic crisis which has dramatically reduced supplies of fertiliser, fuel and other inputs needed to grow cane.
Copper prices eased on Wednesday, hurt by a firmer dollar and persistent worries about the economy in top metal consumer China, while nickel extended gains.
Morocco will offer subsidies to import up to 2.5 million metric tons of soft wheat between Jan. 1 and April 30, 2024, state grains agency ONICL said, as the North African country pursues an import programme to offset drought-affected local production.
Malaysian palm oil planter FGV Holdings on Wednesday logged a smaller third-quarter profit amid lower output and prices, and said it expects to submit a report to U.S. authorities next year as part of efforts to lift an import ban on its products.
Morocco will offer subsidies to import up to 2.5 million metric tons of soft wheat between Jan. 1 and April 30, 2024, state grains agency ONICL said, as the North African country pursues an import programme to offset drought-affected local production.
The Korea Feed Association (KFA) Incheon section purchased up to 65,000 metric tons of animal feed corn in an international tender which closed on Wednesday, European traders said.
Nickel prices surged on Wednesday, with the Shanghai contract jumping the most in nearly five months, as short position holders exited amid potential changes in pricing mechanism in top supplier Indonesia.
South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has cancelled an international tender to purchase around 50,000 metric tons of food-quality soybeans free of genetically-modified organisms (GMOs) which closed on Nov. 27 and issued a new tender for the same volume, European traders said on Wednesday.
Hydro is aiming to cut the carbon footprint of some of its aluminium to near zero by 2030 with technologies including renewable energy and carbon capture storage (CCS), the CEO of one of the world's largest aluminium producers told Reuters.
Chicago soybean futures shed on Wednesday some of the gains from the previous session even as traders assessed the impact of hot and dry weather conditions in Brazil that are reducing yields in the world's top producer.
Cartier-jewellery owner Richemont on Wednesday said it was "carefully monitoring" the situation after Farfetch's founder said he was considering taking the online luxury retailer private.
Cartier-jewellery owner Richemont on Wednesday said it was "carefully monitoring" the situation after Farfetch's founder said he was considering taking the online luxury retailer private.
Aluminium maker Hydro said on Wednesday it had raised its cost cutting and profit improvement targets, setting new long-term goals driven by digitalisation of operations and growing demand for metals made from low-emission production.
Nickel prices jumped on Wednesday as cautious investors and traders closed their short positions ahead of potential changes in pricing in top supplier Indonesia.