Hiromichi Akiba is stocking his Tokyo supermarket with more chicken because customers who used to buy beef are switching to cheaper meat as rising prices put a squeeze on their spending, his business and Japan's economy.
Indian farmers demanding higher prices for their crops said they had paused their protest march to New Delhi on Friday until their unions hold another round of talks with government ministers on Sunday.
The state of French soft wheat crops remained at their worst in four years last week after a rain-disrupted sowing campaign, data from farm office FranceAgriMer showed on Friday.
Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having just lost another order due to the Red Sea crisis that has jacked up his shipping costs and times.
Malaysian palm oil futures rose on Friday on an increase in soyoil and the transition of May contract to the benchmark, narrowing the discount to the April contract, although weak exports capped the upside.
Australian wine makers have shipped millions of bottles of wine to Hong Kong in a bet that China will soon lift tariffs on Australian wine and revive a trade worth hundreds of millions of dollars, according to industry figures and trade data.
Copper prices rose to a one-week high on Friday as weaker-than-expected U.S. retail sales data revived hopes for a June rate cut from the Federal Reserve and lifted risk appetite among investors.
Chicago wheat futures dropped on Friday and headed for their biggest weekly fall since last September after the U.S. government forecast larger-than-expected inventories as exporters struggle to compete with cheap Russian grain.
Sportswear giant Nike plans to reduce its workforce by about 2%, or more than 1,600 jobs, in a cost-cutting move, the Wall Street Journal reported on Thursday.
Indian farmers demanding higher prices for their crops will postpone a planned protest march to New Delhi until unions hold another round of talks with government ministers on Sunday.
Malaysian palm oil futures extended losses on Friday because of a sharp drop in exports from the world's second-biggest producer of the tropical oil, although an upside in rival soyoil capped the decline.
Copper prices rose to a one-week high on Friday as weaker-than-expected U.S. retail sales data revived hopes for an interest rate cut from the Federal Reserve in June and lifted risk sentiment among investors.
Chicago wheat futures dropped on Friday and headed for their biggest weekly fall since last September after the U.S. government forecast larger-than-expected inventories as exporters struggle to compete with cheap Russian grain.
Rates of parboiled rice exported from India held record high levels hit this week even as demand was subdued from African buyers, while Vietnam saw increased trading activity after the holiday period.
U.S. forecasts for increasing crop inventories on Thursday drove corn and soybean futures to their lowest prices in more than three years as traders remained worried about strength of demand.
Raw sugar futures on ICE lost more than 2% on Thursday to hit the lowest in a month as bearish technical signals weigh for now, but with the market underpinned by export delays in Brazil and poor crops in Thailand.
Reuters
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28 minutes 25 seconds ago
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