Commodities

A packet of chocolate candy sold in the U.S. says, "Partially produced with genetic engineering."

How a US trend could push up food prices in Japan

TOKYO -- A U.S. state is about to require that food items containing genetically modified ingredients be labeled as such.This is quite the turn. The U.S., after all, pioneered commercial production of genetically modified crops 20 years ago. Most of ...

  • Wheat prices fall to 10-year low on abundant supply

    TOKYO -- Expectations of bumper crops amid already ample inventories have driven international wheat prices to the lowest level in roughly 10 years.Wheat futures in Chicago, the global benchmark, changed hands at $4.30 per bushel Thursday, down 20% f...

  • SGX's Baltic Exchange buy delayed amid market uncertainty

    SINGAPORE -- Amid uncertainty after the U.K. voted to leave the European Union, Singapore Exchange, or SGX, announced it will extend its exclusive talks to buy British shipping information provider Baltic Exchange. The new deadline for concluding the...

  • Can Asia beat the polyester blues?

    TOKYO -- Prices of raw materials for polyester fibers, used in clothing and film, remain low in Asia, largely driven by falling demand, with China's peak fiber-production reaching its final phase.China's imports of polyester filament yarn dropped 40%...

  • Spread between LNG spot prices narrows

    TOKYO -- Liquefied natural gas prices are falling in Asia due to an increase in supply in Australia, the fading of the "Asian premium" resulting from weak demand in Japan and elsewhere in the region, and a shift in the flow of Middle Eastern and Afri...

  • Russia on edge as Europe eyes other gas sources

    TOKYO -- Russia is growing nervous over European plans to build a massive natural gas pipeline all the way from the Caspian Sea, part of the region's attempt to curb its dependence on Russian gas amid the Ukraine crisis and other political difference...

  • Gold seen poised for sustained upturn

    TOKYO -- Gold prices jumped in futures trading Friday as investors fearing market turmoil sought safe haven assets in the wake of the U.K.'s decision to leave the European Union.In New York's after-hours trading, gold futures surged to the $1,360 ran...

  • Tokyo trading halted as Brexit sinks global commodities

    TOKYO -- British voters' decision to exit the European Union sent commodities futures lower worldwide, with sharp swings tripping market circuit breakers in Tokyo.The Nikkei-TOCOM Commodity Index had temporarily risen to above 222 on Friday morning o...

  • Gold soars, oil slumps after shock British vote to exit EU

    MANILA/TOKYO (Reuters) -- Gold rallied the most since the 2008 global financial crisis and oil and copper tumbled on Friday, as Britain's vote to leave the European Union rattled commodities markets, forcing a selloff in risky assets and a rush to sa...

  • Abundant gasoline drives Asian prices below diesel, jet fuel

    TOKYO -- Asian markets are experiencing a price reversal as gasoline becomes cheaper than diesel and jet fuel because a supply increase has resulted in excess inventories.The spot price of gasoline on the Singapore market was $58.20 a barrel Wednesda...

  • Anti-dumping duties squeeze Japan's acrylic fiber makers

    TOKYO -- Japanese acrylic fiber exports are plunging due to anti-dumping duties imposed by China, leading manufacturers to re-evaluate their production strategies and potentially even raise prices at home.Chinese authorities reached a preliminary dec...

  • Smartphone arms race driving up PC DRAM prices

    TOKYO -- Spot prices of DRAM chips for personal computers continue to climb as chipmakers focus on meeting skyrocketing demand for increasingly memory-hungry smartphones.The price of 4-gigabit DDR3 DRAM, a benchmark for PC memory, is up 6% over the p...

  • Oil price rise unlikely with stable supply-demand outlook

    TOKYO -- Major international energy institutions have predicted a stable balance between demand and supply in the global oil market in the coming months, and few forecasters are expecting any sharp rise in oil prices in the near future.The institutio...

  • Japanese steel export prices rebound as market tightens

    TOKYO -- Growing demand for high-quality steel products coupled with supply constraints are boosting Japanese steel export prices in Asia, expanding the price gaps with Chinese offerings.Japanese hot-rolled coil now fetches around $450 per ton in Asi...

  • Nickel climbs on lower output, inventories

    TOKYO -- Nickel hit the highest level in a month and a half on the London Metal Exchange Tuesday amid declines in output and inventories.Three-month futures rose above $9,200 per ton, up 11% from the end of May.In China, production of nickel pig iron...

  • China's supply-side reforms bring silver lining to rare metals

    TOKYO -- After a long downtrend, prices of some rare metals have been recovering since the beginning of the year.Driving the change is China, the leading supplier, where government-led moves are underway to consolidate producers, slash output and bui...

  • Asia shares rise, sterling steadies ahead of Brexit vote

    TOKYO (Reuters) -- Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.MSCI's broadest index of As...

  • Futures trading in China jumbles global steel market

    TOKYO -- Speculative trading in China's futures market has caused wild swings in prices for some steel products, affecting other countries since higher prices lead to increased production in a country with an overcapacity problem.The spot market is b...

  • Asia stocks gain as Brexit fears ebb slightly, safe-havens retreat

    TOKYO (Reuters) -- TOKYO, June 20 (Reuters) - Asian stocks gained across the board on Monday as fears that Britain would vote to leave the European Union abated a little, aiding a recovery in both sterling and investor risk appetite.Safe-haven assets...

  • Synthetic rubber precursor prices down as supplies grow

    TOKYO -- Prices are falling in Asia for butadiene, a chemical used in the production of synthetic rubber, amid a supply increase as facilities that were down for maintenance since spring are returning to operation.The recent spot price of $925 a ton ...