Commodity

Global miners are battling to stay afloat after enduring one of the toughest years in recent times, with tumbling commodity prices and supply gluts set to force more closures and massive cuts in 2016, analysts say.

Chinese investment in Africa fell by more than 40 percent year-on-year in the first half of 2015, officials said on Nov. 17, as the Asian giant's slowing growth dents its commodity demand.

Natural resources from Africa have helped fuel China's economic boom, and it became the continent's largest trade partner in 2009.

Director of the Commodity Exchange in Novi Sad Zarko Galetin said on Thursday that wheat yield this season "would be good."

According to Tanjug, Galetin estimated the figure at "perhaps even higher than 4.5 tons per hectare."

BELGRADE - The Serbian government on Thursday adopted a bill on commodities exchanges, which introduces a legal framework for the development of commodities exchanges.

The proposed bill regulates the commodities exchange market, eliminates business risks and improves the level of legal certainty, the Serbian government's press office said in a statement.

From CNBC.com

Author: Richard McGill Murphy