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Bunge says receives China regulatory approval for Viterra deal
CHICAGO, June 13 (Reuters) - Global agribusiness Bunge Global SA BG.N has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the deal "on or around July 2," the company said in a statement on Friday.Reuters
Fri, Jun 13
US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says
By Scott DiSavino June 13 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, Jun 13
EU wheat rebounds as Israel-Iran escalation fuels short-covering
PARIS, June 13 (Reuters) - Euronext wheat climbed on Friday as news of Israeli strikes on Iran encouraged investors to cover short positions after prices hit contract lows this week amid growing supply pressure.September wheat BL2U5 on Euronext settled 2.0% up at 202.75 euros a metric ton. It earlie...Reuters
Fri, Jun 13
ISF supports expansion of agriculture insurance in Ethiopia
By Henry GaleJune 13 - (The Insurer) - The InsuResilience Solutions Fund (ISF) said it would support the expansion of an insurance scheme in Ethiopia to cover two million farmers.The initiative, led by agricultural insurtech Pula in partnership with Ethiopia's Ministry of Agriculture and the Eth...Reuters
Fri, Jun 13
Fast-fashion retailer Shein's transport emissions jump in 2024
Shein transport emissions up 13.7% in 20242023 emissions updated to 18% more than previously reportedShein's 2024 transport emissions more than triple Inditex'sShein plans to produce, package, and ship closer to customersBy Helen Reid LONDON, June 13 (Reuters) - Shein's carbon emissio...Reuters
Fri, Jun 13
Europe Gasoline/Naphtha-Gasoline profit margins slide on higher crude prices
LONDON, June 13 (Reuters) - Northwest European gasoline profit margins fell by about 77 cents to $13.94 a barrel on Friday as sharp gains in crude prices in the of an Israeli attack on Iran weighed. A total of 4,000 metric tons of Eurobob E5 barges traded, with Gunvor selling to BP and Trafigura.A f...Reuters
Fri, Jun 13
UN nuclear watchdog's board to meet over Israel's Iran strikes, diplomats say
VIENNA, June 13 (Reuters) - An exceptional meeting of the U.N. nuclear watchdog's Board of Governors will be held on Monday to discuss Israel's strikes on Iran after at least one country on the board requested one at Friday's regular, quarterly session of the body, diplomats said.Any cou...Reuters
Fri, Jun 13
GRAINS-Soybeans climb, soyoil soars daily limit on US biofuel proposal
By Julie Ingwersen CHICAGO, June 13 (Reuters) - U.S. soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after the Trump administration proposed biofuel blending requirements that were above trade expectations, analysts said. Chicago Board of Trade corn futures...Reuters
Fri, Jun 13
METALS-Copper, other metals drop as investors shed risk after Israel strikes Iran
By Eric Onstad LONDON, June 13 (Reuters) - Prices of copper and other industrial metals fell on Friday, weighed down by a stronger dollar as investors sold risky assets after Israel attacked Iran.Benchmark three-month copper CMCU3 on the London Metal Exchange shed 0.5% to $9,653 a metric ton by 1...Reuters
Fri, Jun 13
EU wheat rebounds as Israel-Iran escalation fuels short-covering
PARIS, June 13 (Reuters) - Euronext wheat climbed on Friday as news of Israeli strikes on Iran encouraged investors to cover short positions after prices hit contract lows this week amid growing supply pressure.September wheat BL2U5 on Euronext was up 1.8% at 202.25 euros a metric ton by 1541 GMT, m...Reuters
Fri, Jun 13
China allows import of eligible pork, poultry products from 106 US plants
BEIJING, June 13 (Reuters) - China has approved 106 new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website.The approval was issued on Thursday, the notice showed. It comes after China and U.S. agreed on a framework t...Reuters
Fri, Jun 13
China customs allows import of eligible pork, poultry products from some US plants
BEIJING, June 13 (Reuters) - China has approved some new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website.The approval was issued on Thursday, the notice showed. It comes after China and U.S. agreed on a framework ...Reuters
Fri, Jun 13
IFC to provide $400 million loan for Pakistan's copper-gold Reko Diq mine
Loan adds to $300 million committed earlierTotal IFC support now $700 millionTotal project cost is $6.6 billion; backed by mix of international, domestic lendersProduction expected by 2028By Ariba Shahid ISLAMABAD, June 13 (Reuters) - The International Finance Corporation will provide a $400 mill...Reuters
Fri, Jun 13
Ford struggles with supply of rare earth magnets, CEO tells Bloomberg News
June 13 (Reuters) - Ford Motor Co F.N is struggling with supplies of rare earth magnets, the automaker's CEO Jim Farley told Bloomberg News in an interview on Friday.China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules in April, tighten...Reuters
Fri, Jun 13
Big disruption to oil supply unlikely after Israel's attack on Iran, say analysts
Goldman Sachs forecasts Brent at $59/55 in 2025Q4 Citi: energy prices unlikely to stay elevated for sustained period of time June 13 (Reuters) - Israel's attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving...Reuters
Fri, Jun 13
IEA says it stands ready to tap emergency oil stocks, OPEC sees no need
By Ahmad Ghaddar June 13 (Reuters) - The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market. ...Reuters
Fri, Jun 13
No immigration changes under way for farm, hospitality workers, Washington Post reports
Trump on Thursday said order would address farm, hotel workers Officials say no policy changes under wayFarms rely on migrant labor, welcomed Trump's remarks WASHINGTON, June 13 (Reuters) - There are no policy changes under way to exempt farm, hotel and other leisure workers from Donald Trump...Reuters
Fri, Jun 13
Fast-fashion retailer Shein reports transport emissions up 13.7% in 2024
LONDON, June 13 (Reuters) - Shein's carbon emissions from transporting products climbed 13.7% in 2024, the online fast-fashion retailer's sustainability report showed on Friday, and its 2023 transport emissions were 18% higher than previously reported after a recalculation.Shein uses mainly ...Reuters
Fri, Jun 13
