commodities
Oil down in Asia after Greece budget vote
Crude Oil sank in Asia after Greek parliament approved a new austerity budget which the government presented as a condition to the release of foreign aid.

Crude Oil sank in Asia after Greek parliament approved a new austerity budget which the government presented as a condition to the release of foreign aid.

Crude Oil sank in Asia after Greek parliament approved a new austerity budget which the government presented as a condition to the release of foreign aid.
New York’s main contract, light sweet crude for delivery in December, fell five cents to $86.02 a barrel and Brent North Sea crude for December delivery shed 34 cents to $109.06.
“European markets are not showing any positive signs of economic recovery as they struggle to fight the fires burning in Greece and Spain currently,” IG Markets said in a report.
commodities
Gold rush hits Thailand as prices surge
The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.
(more…)commodities
Thailand’s rice exports slump to decade low
Thailand could drop to the world’s third largest rice exporter, after Vietnam and India, as Thai rice exports slump to a decade low of 6.5 million tonnes.

The Thai Rice Exporters Association cut its projection for 2020 rice exports from 7.5 million tonnes to 6.5 million tonnes, the lowest in a decade.
(more…)commodities
US oil down more than 9% in Asian trade
Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide to fight the virus.

US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing output to boost markets.
(more…)-
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