Page 3 - Fitch Solution News Today

Chocolate lovers are up for a bitter disclosure: prices of their favorite snack are about to rise further on the back of elevated cocoa prices.

Chocolate lovers are in for a bitter pill to swallow — prices of their favorite food are set to rise further on the back of elevated cocoa costs.

Extreme weather conditions due to El Nino are fueling concerns that robusta coffee beans in major producers like Vietnam and Indonesia could be hit.

Extreme weather conditions due to El Nino are fueling concerns that robusta coffee beans in major producers like Vietnam and Indonesia could be hit.

Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer. Shipments of about seven-million tons of Colombian coal will be exported to Asian countries in the next quarter, instead of ports in Europe, according to James Marshall, chief executive officer of Berge Bulk, whose fleet of ships ply those routes. Destinations for fuel used by power plants and steelmakers include China and India, he said.

India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for sweets, and a contagious cattle disease.

India is facing an increase in milk prices on the back of higher feed costs, an increase in demand for sweets, and a contagious cattle disease.

According to foreign news on May 23, Fitch Solutions' BMI lowered its forecast for the average price of aluminium this year.

Microsoft obtained approval to provide cloud computing services in Kuwait

However, it raised the hope of Indian paddy growers to get better prices as the country is a significant player in the rice export market.