French sugar maker Tereos raised the price to be paid to farmers for their sugar beet until September by 1.51 euros per metric ton, bringing the 2022/23 season's average to 43.10 euros ($46.26) per ton, it said on Tuesday.
London cocoa futures on ICE were higher on Tuesday buoyed by tightening supplies and a weak pound while sugar prices also rose but the coffee market fell.
The second half of August was exceptionally dry in the U.S. Corn Belt, likely trimming yields for corn and especially soybeans due to their reliance on late-season moisture. Speculators responded by boosting their bullish Chicago soybean bets, which they have held for more than three years, and easing bearishness in corn futures.
Chicago wheat futures edged higher on Tuesday, steadying after a new three-month low as the market set competition from Black Sea supplies against dry weather threatening production in other export hubs like Australia.
Airbus, easyJet and Rolls-Royce have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation.
President Tayyip Erdogan said Turkey is in close contact with the United Nations on reviving the Black Sea grain initiative and he will discuss it with Secretary-General Antonio Guterres at its general assembly this month, Turkish media reported.
Malaysian palm oil futures closed down for a second straight session on Tuesday as weakness in Dalian Commodity Exchange and Chicago Board of Trade (CBOT) rival oils weighed on the market.
Sugar prices in India have jumped by more than 3% in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country's key growing regions raised production concerns for the upcoming season.
The number of Canadian pilots seeking to fly in the United States tripled in 2022, according to previously unreported U.S. government data, raising fears of deepening shortages in Canada as pilots seek higher wages.
Dubai Holding, the investment vehicle of Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum, is weighing the sale of its minority stake in Azadea Group, which operates Inditex franchises in the Middle East including Zara, three people with knowledge of the matter told Reuters.
Prices for copper in London fell on Tuesday under pressure from weak service sector data from China suggesting uncertain post-pandemic recovery in top metals consumer.
South Africa's economy grew 0.6% in the second quarter of 2023 in quarter-on-quarter seasonally-adjusted terms, after growing by 0.4% in the first quarter, data from the statistics agency showed on Tuesday.
Heavy rain in northeastern China's Heilongjiang province this month could delay grain ripening and harvesting, the country's weather bureau said on Tuesday, after flooding in August also hurt the area's crops.
Shanghai zinc prices broke a rally of 12 straight sessions of gain on Tuesday as traders reviewed recent stimulus measures in the Chinese property sector.
German defence company Rheinmetall plans to cooperate with Lufthansa on the production and maintenance of U.S. F-35 fighter jets, Business Insider reported on Tuesday.
Rio Tinto said on Tuesday it had appointed Jérôme Pécresse as the new chief executive for its aluminium segment, replacing Ivan Vella who would leave the company by this year end.
Aircraft leasing company Avolon on Tuesday said it had signed a binding agreement to purchase 20 Airbus A330neo widebody aircraft, firming up a memorandum of understanding signed at the Paris Airshow in June.
Austria's OMV started up a new biofuels plant at its Schwechat refinery two weeks ago, a company executive said at an energy industry conference in Singapore on Tuesday.
Luckin Coffee said on Tuesday that it sold more than 5.42 million cups of the alcohol-infused latte it rolled out with Kweichow Moutai on the first day of its launch, setting a new sales record for the Chinese coffee chain.
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