Commodities News and Headlines
Commodities News and Headlines
Commodities Pulse
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Every morning
Weekly
Tuesday recap
Chicken prices in India have surged to record levels, now ranging between ₹270 and ₹340 per kilogram, driven by soaring bird mortality and reduced broiler weight during the summer heat. The average live bird weight has fallen to 1.5‑1.75 kg, down from the usual 2.5‑3 kg, tightening supply while demand stays steady, especially during Ramadan. Elevated feed costs and logistics pressures further compress farm‑gate margins. Industry leaders warn the price rally could continue until weather conditions improve and production chains stabilise.
The Softs report shows cotton prices under pressure from the ongoing Iran war and unusually hot, dry conditions across U.S. growing regions, while USDA projects a decline in global cotton production despite strong Indian and Brazilian output. Florida orange juice...
Nigeria’s oil revenues are set to surge as the Iran‑Ukraine war pushes crude above $100 a barrel, a windfall for the country’s export‑driven economy. Yet the nation still imports most refined fuels, so higher global prices translate into steeper pump...
Natural gas futures slipped Friday as traders weighed heightened Middle East war risk and a sharp rise in U.S. storage. The U.S. South Central region logged a 26 Bcf injection, pushing inventories to 721 Bcf, still 30 Bcf below the five‑year average. The...
Nigeria’s day‑old chick prices have jumped 67% since January, reaching N3,000, tightening the supply of pullets needed for egg production. Hatcheries are unable to meet the renewed demand as many farmers re‑enter the market after feed costs fell, while a...
Chinese ferro‑alloy producers are rapidly installing direct‑current (DC) furnaces, delivering 10‑15% electricity savings and lower coke use while aligning with clean‑energy grids. Upstream collaborations, such as South32’s pelletization deal, aim to secure low‑carbon feedstocks, and steelmakers’ decarbonisation projects could boost...
Indian Oil Corporation raised the price of industrial diesel to Rs 109.59 per litre, a 25% increase effective 20 March 2026. The hike targets bulk consumers such as factories, where diesel fuels captive power plants and heat‑intensive processes. The textile sector, which relies...
China’s shipments of rare‑earth permanent magnets to the United States fell 22.5% year‑on‑year in January‑February 2026, marking the seventh consecutive month of decline. The US now accounts for just 9.2% of China’s magnet exports, slipping to the third‑largest buyer behind...
The U.S. Treasury announced a 60‑day suspension of the Jones Act, allowing foreign‑flagged vessels to transport LNG from the Gulf Coast to the Northeast. Analysts expect only modest relief for gas prices, as margins and netbacks remain near historic highs....
Recent U.S., Israeli, and Iranian strikes on Middle East oil and gas infrastructure have sharply lifted European natural‑gas prices. Because gas‑fired plants often set marginal electricity rates, merchant power prices across Europe are expected to rise in the near term....
Goldman Sachs analysts project that oil prices will remain above $100 per barrel through 2027, citing recent Brent levels at $110.2 and WTI at $95.9. The forecast reflects persistent supply shocks, especially the ongoing closure of the Strait of Hormuz,...
China’s imports of discounted Russian crude surged to 21.8 million tonnes in January‑February 2026, a 40.9% year‑on‑year increase, while the dollar value rose only 5.8% due to steep discounts. Russian oil now makes up more than one‑fifth of China’s total crude...
Iran intensified its campaign against Gulf energy assets, launching two waves of drones that struck Kuwait's Mina Al‑Ahmadi refinery, one of the region’s largest, causing a fire and damage. The attacks coincided with explosions over Dubai and heightened aerial defenses...
Oil prices swung sharply this week as escalating war risk in the Middle East collided with a series of emergency supply measures. WTI fell to $94.13, down 3.98%, after traders weighed tanker delays in the Strait of Hormuz against strong...
Germany’s residential solar market is seeing a sharp uptick, with E.ON reporting that inquiries for rooftop installations have roughly doubled since the Israel‑U.S.-Iran escalation in late February. Other installers such as 1KOMMA5° and Enpal echo the surge, while some industry...
Vegetable oil futures, led by crude palm oil (CPO) and CME soybean oil, surged amid rising crude oil prices and heightened Middle East tensions. The most active May CPO contract on Bursa Malaysia rose 0.93% to 4,541 ringgit per tonne,...
UK energy suppliers face heightened credit risk as Iran‑driven gas price shocks double wholesale gas prices to 174 pence per therm in March 2026. The UK’s electricity market relies on gas‑fired generators for marginal pricing, so wholesale spikes directly erode supplier...
Diesel and gasoline prices in the Philippines will rise next week, but the hikes are milder—diesel by about P14‑P14.50 per litre and gasoline by P7‑P7.50, marking the tenth consecutive weekly increase. Jeepney operators are pressing the government for the same...
After a year of depressed prices, platinum‑group metal (PGM) prices have nearly doubled and producer shares rose over 70%. Despite the rally, CEOs of companies that control 80% of global PGM output said they will prioritize life‑of‑mine extensions, cost discipline...
Fastmarkets announced that its India steel price assessments were published on March 20, a day later than scheduled. The delayed release includes domestic and export prices for hot‑dipped galvanized coil, cold‑rolled coil, hot‑rolled coil, heavy plate, billets, and electrical steel,...
European natural gas futures fell up to 3% after the United States and Israel announced steps to reduce the risk of Iranian attacks on Persian Gulf energy facilities. Despite the dip, the contracts remain on track for a roughly 20%...
The escalating war in the Middle East has sharply curtailed liquefied natural gas shipments from Qatar, the world’s largest LNG exporter, creating a supply gap for Asian importers. In response, countries such as South Korea, Indonesia and Bangladesh are accelerating...
Dangote’s 650,000‑barrel‑per‑day refinery, now two years operational, is seeing soaring demand as the Ukraine war disrupts traditional fuel imports to Africa. Roughly 75% of its output is reserved for Nigeria, leaving limited capacity for export to neighboring economies. Countries across...
The Bureau of Labor Statistics reports that residential electricity bills rose nearly 7 percent in 2025, double the overall inflation rate. Democrats on the Joint Economic Committee used federal data to show that while New Jersey, Indiana and Illinois saw price...
Australia’s largest fuel retailer Ampol says it has enough stock to meet demand despite panic‑driven shortages at some stations. The Middle‑East war and China’s suspension of 15% of regional fuel exports have strained traditional supply routes, prompting Ampol to secure...
The Australian Competition and Consumer Commission (ACCC) has issued an urgent interim authorisation allowing the Australian Institute of Petroleum and its members to coordinate fuel supply logistics across the country in response to Middle‑East conflict‑driven disruptions. The permission expressly forbids...
The war in Iran has shut the Strait of Hormuz, halting the flow of roughly half the world’s nitrogen‑rich urea fertilizer. U.S. corn growers see prices jump from about $350 to $600 per ton, squeezing margins just before planting. Democrats...
Iranian missile attacks on Qatar's Ras Laffen LNG complex knocked out roughly 17% of the plant’s export capacity, equivalent to about 17 bcm or 3 % of global LNG trade. The disruption is expected to linger for three to five years, prompting the...
President Donald Trump’s team is scrambling for measures to curb soaring crude prices as the Iran‑Israel war enters its third week. Options on the table include a U.S. Navy escort for tankers in the Strait of Hormuz and a rapid...
The closure of the Strait of Hormuz has abruptly removed roughly 15 million barrels per day of crude and refined oil from global markets, creating an immediate supply gap. Nations are resorting to inventory drawdowns, opportunistic purchases, emergency policies, and limited...
Russia is leveraging a U.S. waiver and global oil shortages to boost its crude and product exports. Seaborne product shipments jumped 25% to 2.6 million barrels per day, while crude exports rose about 10% in March. Production gaps caused by OPEC‑plus...
Diesel prices have spiked sharply as a series of supply‑chain disruptions converge on the market. Recent refinery outages, geopolitical tensions in key exporting regions, and unexpected weather events have tightened global diesel inventories. The price rally is reverberating through freight,...
Oil prices are set for a weekly rise as the Middle‑East conflict enters its fourth week, with the Strait of Hormuz effectively shut and strikes persisting across the region. Brent crude traded above $108 per barrel, marking a more than...
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South Africa is confronting an acute fuel supply shock after the Strait of Hormuz closure disrupted Middle‑East oil flows. The government assures no station shutdowns, yet industry‑level allocation bans have left diesel pumps dry in several provinces. A strategic petroleum...
Brazil imposed a 50% tax on diesel and marine gasoil (MGO) exports on 12 March, causing demand in Brazilian ports to collapse. Suppliers report "non‑existent" MGO volumes as buyers shift to very‑low‑sulfur fuel oil (VLSFO). Even domestically flagged vessels now prefer...
Cattle and lean‑hog futures fell on the Chicago Mercantile Exchange as traders awaited the USDA On‑Feed report. Live cattle dropped $2.12 to $233.27 and feeder cattle slipped $6.07 to $347.75, while lean‑hog contracts were $1.70 lower at $92.05. Cash markets...
Dubai crude surged to a record $166 a barrel as U.S.-Iran hostilities crippled transit through the Strait of Hormuz. Brent crude has risen nearly 48% since the conflict began, trading around $106, while WTI lags but faces upward pressure. Analysts...
The article warns that a disruption in the Strait of Hormuz could turn an oil price shock into a fertilizer shock, raising food costs and broadening inflation. About one‑third of global fertilizer exports, especially nitrogen‑based urea, pass through Hormuz, and...
U.S. regular gasoline prices jumped nearly 90 cents to about $3.80 per gallon, while diesel rose $1.40 to just over $5, according to AAA data. The surge could cost the average household more than $600 in extra fuel expenses this...
North Dakota regulators are watching a rapidly widening Brent‑WTI price spread, now $11.92 per barrel, after it nearly doubled since early March. State oil output slipped to 1.16 million barrels per day in January, down 13,000 b/d year‑over‑year, as cold weather and...
Broad commodity prices plunged on Thursday as the U.S.–Iran conflict pushed oil higher, sparking inflation and rate‑rise concerns. Gold slipped nearly 6% and silver 8%, while industrial metals such as copper fell 2% and palladium 5.5%. The sell‑off reflects fears...
The U.S. Energy Information Administration’s March Short‑Term Energy Outlook raised its 2027 crude oil production forecast by about 0.5 million barrels per day, citing higher West Texas Intermediate prices. The agency now expects average output of 13.61 million bpd in 2026 and...
U.S. paving firms warn that asphalt costs are climbing as crude oil prices surge amid the Iran conflict. In the Northeast, the average price per ton has risen 4‑5% over the past year, while some regions like Kansas see modest...
Newmont Corp (NEM) slumped 9.4% to $96.70, marking its lowest price since December and its worst trading day since April 2024. The decline mirrors a broader gold‑price sell‑off triggered by persistent inflation fears, steady Federal Reserve rates, and heightened geopolitical...
On March 19, 2026, Brent crude rose to $113.71 per barrel, up $4.93 (4.5%) from the previous day and more than $42 above its level a year ago. The price has jumped over 60% in the past month, reflecting tightening...
Residential electricity prices in the United States have surged, climbing 44.4% between April 2020 and January 2026, according to Bureau of Labor Statistics data. The Northeast Census Region now pays the highest average rate at $0.265 per kilowatt‑hour, while the South remains...
Europe’s energy markets were jolted on Thursday as military strikes on Qatar and Iran drove natural‑gas prices above €70/MWh and Brent crude past $114 per barrel, levels not seen since the 2022 Russia‑Ukraine war. French officials highlighted that 90% of...
The escalating US‑Israel‑Iran conflict has pushed crude prices above $120 a barrel as Iranian forces strike Gulf oil and LNG infrastructure and the Strait of Hormuz remains closed. Analysts warn that the disruption could evolve into a prolonged supply shock,...
The war in the Middle East has driven global oil prices higher, pushing Philippine diesel costs up more than double. Jeepney drivers like Toni Prado now earn as little as 200 pesos a day, down from roughly 1,000 pesos, prompting...
Gold delivered the strongest return among major asset classes in 2025, climbing roughly 64% and breaching $5,000 per ounce in early 2026 with an 18% January surge. The rally was fueled by heightened geopolitical risk, a weaker U.S. dollar, aggressive...
