From Iron Ore to Eggs, Asia Builds Commodity Pricing Clout
Singapore. From iron ore to eggs, Asia’s new commodity derivatives are drawing in global exchanges eager to profit from rising trade volumes and a likely shift of pricing benchmarks from the West. Asia...
View ArticleIndonesia Sees Modest Gains in 2013 Agricultural Commodities Output
Indonesia has estimated that output of four major estate commodities in 2013 grew marginally compared to the previous year, an agriculture ministry official told reporters on Friday. “An expansion of...
View ArticleDSN to Spend $80m on Mills and Plantation This Year
Dharma Satya Nusantara, a palm oil producer, plans to spend $80 million in capital expenditure this year on building palm oil mills and expanding its cultivation area. “We will expand our cultivation...
View ArticleCommodity Gains Defy Citigroup With Quarter’s Top Return
A year after Citigroup declared the decade-long run of commodity gains over, wacky weather, dead piglets and Vladimir Putin have gotten in the way. While Citigroup rang “death bells” in April 2013 for...
View ArticleHopes Rise that Indonesian Billionaire Minister Can Break Copper Deadlock
Indonesia’s copper industry is pinning its hopes on one of the country’s richest businessmen to help restart concentrate exports worth hundreds of millions of dollars, halted nearly five months ago...
View ArticleIndonesia Coffee Output to Hit 3-Year Low on Weather Woes: Survey
Jakarta. Indonesia’s coffee output is likely to plunge to a three-year low in 2014-15 due to unfriendly crop weather, while higher domestic consumption will soak up about half the produce, a Reuters...
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Clyde Russell: The Real Problem for Commodity Nations Is Currency, Not Prices
This file picture taken on March 4, 2010 shows remote-controlled stackers and reclaimers moving iron ore to rail cars at Rio Tinto’s Port Dampier operations in Western Australia’s Pilbara region. (AFP...
View ArticleGold Speculators Extend Longest Retreat Since 2010
Speculators pared bets on rising gold prices for a seventh consecutive week, the longest retreat since 2010, as futures erased this year’s gains. The net-long position in New York futures and options...
View ArticleSupply the Key Commodity Driver as Demand Takes a Back Seat
Launceton, Australia. The big change in many commodity markets this past year was that demand is no longer king, with supply becoming the key driver, a dynamic that’s likely to persist in 2015. While...
View ArticleGolden Eagle Energy Secures $36m in Loans for Expansion
Jakarta. Golden Eagle Energy, the coal mining unit of the Rajawali Corpora conglomerate, has secured $36 million in loans from Bank Permata to fund expansion and acquire a coal mining company. The...
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