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Commodities trader Trafigura posted a record net profit of about $7.4 billion for the 12 months to the end of September, up 5% from a year earlier, and promised a $5.9 billion dividend to shareholders, while anticipating a slowdown in future earnings.
Most of the record physical delivery of sugar by commodities traders at the expiration of the October futures contract at the Intercontinental Exchange (ICE) last week will head to China, according to two traders with knowledge of the deals. Wilmar International - the Singapore-based food trader that built a large long position and decided to take nearly all of the record delivery of 2.87 million metric tonnes - has closed deals to sell between 1 million and 1.5 million tonnes to China, they said. According to the traders, who work for two of the largest players in the global sugar trade, Wi...
The commodities market is impacted by many factors. Climate change mostly has a negative impact but there are ways to avoid risks from such factors
Western sanctions on Russia following its late February invasion of Ukraine have done absolutely nothing except harm Western economies and in fact, countries in the West are essentially funding [...]
A leading financial expert who predicted earlier this month that one of the world's biggest independent energy merchants was about to face a capital liquidity crisis of historic margins [...]