*Nigeria seeking to cut dependence on oil through farming. ABUJA, Oct 28- Nigeria expects to earn $1.3 billion from cocoa exports this year, an increase of 45 percent on two years ago, after a steady rise in output that could help shift Africa's top economy away from its reliance on oil, its agriculture minister told Reuters. Akinwumi Adesina, speaking on the...» Read More
Premium Swiss chocolate maker Lindt & Spruengli on Thursday warned that commodity markets remain volatile and that consumer sentiment is hit by the prospects of a worsening employment market.
Here's what moving in commodities Thursday morning:
Markets have overreacted to recent concerns on oversupply in soft commodities, and the fundamentals do not support the recent sell-off, Sudakshina Unnikrishnan, analyst at Barclays Capital, told CNBC on Tuesday.
The Commodities Futures Trading Commission will be looking at the role of speculators in recent volatile commodities pricing, Commissioner Bart Chilton told CNBC Friday.
International shipping companies have resumed deliveries of cocoa from the world’s largest supplier but analysts say the commodity will remain volatile for the foreseeable future.
Much like housing years ago, food has become something bigger than itself. It's about far more than sustenance. It's about commodities trading, global trade, energy, biotechnology and government policy. Our special report, "Food Economics, explores all of those dimensions.
If you're looking for action, try grains, but even that may be iffy. It all depends on the weather.