Archive for July 30th, 2009
Increase of Sugar Import in India; Rebound of Copper
India, the world’s largest consumer of the sweetener, increases imports causing sugar to rise today. Demand for sugar in India exceeds local production as a result from low harvest of cane caused by excess rainfalls. October futures for raw-sugar increased $0.0019 (1 percent) to $0.1875 per pound as of 9:47 on ICE Futures U.S. in New York.
Improved economic expectations cause copper to restore from one-week low today. As the global recession is easing expectations for economic improvement in the U.S. and Europe cause copper prices to rebound. September delivery for copper increased $0.08 (3.2 percent) to $2.5575 per pound by 12:13 on NYMEX.
Commodity Prices — July 30th 2009
Latest commodity prices (ICE, NYMEX, CME) as of 16:49 GMT:
Oil (Brent) — $69.73
Gold — $934.30
Silver — $13.48
Platinum — $1,177.86
Palladium — $257.00
Copper — $5,615.00
Aluminum — $1,878.00
Nickel — $17,080.00
Zinc — $1,706.00
Cocoa — $2,900.00
Sugar — $18.75
Corn — $332.50
Soybean — $35.17