Russian shares climbed the most in more than three weeks and Asian stocks advanced after talks in Geneva produced an accord aimed at easing the conflict in Ukraine. Rubber slid to the lowest since 2009.
India, the world’s second-largest gold consumer, will probably keep restrictions on imports to control the current account deficit and defend the rupee, said the managing director of the country’s biggest refiner.
Soybeans extended their climb to the highest level in more than 10 months after a report showed record demand from U.S. mills, boosting concern that supplies from the world’s second-biggest exporter would be reduced.
Iron ore prices are set to slump in the second half as more steel companies in China will probably go bankrupt, hurting demand in the world’s largest user just as supply expands, according to Standard Chartered Plc.
The Singapore Armed Forces will resume cooperation with its Indonesian counterpart after its army chief apologized for the decision to name a navy ship after marines who bombed a building on the island in 1965.
A surplus in the global natural- rubber market this year will be 78 percent more than estimated in December as demand growth weakens and production in Thailand surpasses forecasts, according to The Rubber Economist Ltd.
Cocoa purchases by Indonesia, the third-biggest grower, will probably increase fourfold to a record this year as the government plans to scrap an import tax, according to the country’s grinders association.
Cocoa processing in Asia climbed 3.7 percent in the first quarter as consumption of chocolate- based confectionery and beverages increased in the region, spurring grinding capacity expansion in Indonesia.
Palm oil production in Southeast Asia, the largest growing region, is at increasing risk from the probable onset of an El Nino later this year after estates were already hurt by dryness in the first quarter. Prices advanced.