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Print - 2009-05-19
Expatriate Kashmiris asked to take part in EU parliamentary elections

Expatriate Kashmiris asked to take part in EU parliamentary elections

Former AJK Prime Minister, Barrister Sultan Mehmood Chaudhry has urged one million Kashmiri expatriates to actively participate in European Union (EU) parliamentary elections in the backdrop of present situation of Pakistan and solution of Kashmir dispute
Published 19 May, 2009 12:00am
MCCI concerned over increase in power outages

MCCI concerned over increase in power outages

Anis Ahmed Sheikh, President of Multan Chamber of Commerce & Industry (MCCI), has expressed serious concern over the announcement of a six to eight hours mandatory electricity load shedding by Pakistan Electric Power Company (Pepco) for industry which wou
Published 19 May, 2009 12:00am
PNCA to start its open air theatre with drama festival

PNCA to start its open air theatre with drama festival

The Pakistan National Council of the Arts (PNCA) will open its open air theatre with a month-long "National Drama festival" starting from June 3 in which over 20 theatre groups will present their performances. The theatre would be inaugurated on June 7 wi
Published 19 May, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 18, 2009).

Published 19 May, 2009 12:00am
TDAP will organise caravan to promote trade with CARs

TDAP will organise caravan to promote trade with CARs

Trade Development Authority of Pakistan (TDAP) will organise caravan to promote trade between Pakistan and Central Asian Republics (CARs) through land route. A spokesman of TDAP said here Monday that this caravan including trade delegations will travel th
Published 19 May, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (May 18, 2009) and for Tuesday (May 19, 2009).
Published 19 May, 2009 12:00am
National Assembly body stresses need for alternative energy sources

National Assembly body stresses need for alternative energy sources

The National Assembly Standing Committee on Science and Technology stressed the need for Alternative Energy Sources to overcome the energy crises. The Committee recommended that the Alternate Energy Development Board (AEDB) and Pakistan Council for Renewa
Published 19 May, 2009 12:00am
The Weather

The Weather

The weather report on Monday (May 18, 2009) and the forecast for Tuesday (May 19, 2009).

Published 19 May, 2009 12:00am
Woman gives birth on board

Woman gives birth on board

PIA flight PK 701 from Islamabad to Manchester made an unscheduled landing at Warsaw airport, Poland, as a woman passenger experienced labour pains and gave birth on board the aircraft. A doctor present on board the flight attended the passenger to facili
Published 19 May, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 18, 2009).

Published 19 May, 2009 12:00am
Babar condoles with Captain Najam's family

Babar condoles with Captain Najam's family

Federal Minister for Parliamentary Affairs, Dr Babar Awan has said that Pakistan came into being after unprecedented sacrifices of the Muslims of the Sub-Continent and those who offer their lives for the safeguard of freedom and defence of the country wou
Published 19 May, 2009 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 May, 2009 12:00am
Japan pledges around $20 million aid

Japan pledges around $20 million aid

Japan on Monday pledged around US $20 million (2 billion Japanese Yen) Non-Project Grant Aid (NPGA) to Pakistan for budgetary support. The notes for the NPGA were duly signed and exchanged between Chihiro Atsumi, Ambassador of Japan to Pakistan and Farruk
Published 19 May, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 18, 2009).

Published 19 May, 2009 12:00am
Shaheen Air launches direct Peshawar-Muscat flights

Shaheen Air launches direct Peshawar-Muscat flights

Shaheen Air International, a private airline company, has started first direct flight service between Peshawar and Masqat, facilitating around 100,000 skill labourers from NWFP and Fata working in Oman. "The decision is taken while keeping in view long la
Published 19 May, 2009 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 May, 2009 12:00am
APCC may recommend Rs 494 billion outlay for 2009-10 PSDP

APCC may recommend Rs 494 billion outlay for 2009-10 PSDP

The Annual Plan Co-ordination Committee (APCC) is likely to recommend total outlay of Rs 494 billion for 2009-10 Public Sector Development Programme (PSDP) in its meeting scheduled for May 22. The APCC will consider the total outlay of PSDP to recommend t
Published 19 May, 2009 12:00am
ISPs, PTCL row settled

ISPs, PTCL row settled

Pakistan Telecom Authority (PTA) has decided to allow the Internet Service Providers (ISPs) and DSL operators to buy Internet bandwidth from backbone operators other than PTCL, thus settling a two years row of ISPs versus PTCL. ISPs has been complaining t
Published 19 May, 2009 12:00am
Pakistan Studies Chair established at University of Texas

Pakistan Studies Chair established at University of Texas

On behalf of the University of Texas at Austin and the Pakistani community in USA, Iqbal Sheikh, presented the formal announcement of the permanent Pakistan Studies Chair to the President of Pakistan, Asif Ali Zardari, during a dinner hosted by the Ambass
Published 19 May, 2009 12:00am
Pakistan weightlifting team leaving for Thailand on May 20

Pakistan weightlifting team leaving for Thailand on May 20

A five-member Pakistan Weightlifting Team comprising four players and one coach is leaving for Thailand tomorrow (Wednesday) for participation in the Ist Youth World Weightlifting Championship being staged at Chiang Mal from May 19 to 24. The Pakistan Wei
Published 19 May, 2009 12:00am
Pepsi to keep up $1.8 billion investment in Pakistan

Pepsi to keep up $1.8 billion investment in Pakistan

Pepsi-Cola International Limited (PCIL) will continue with its $1800 million annual investment in Pakistan as it sees a "huge potential" for long-term investment. Andy Nichol, Senior Vice President and Chief Financial Officer of PCIL for Asia, Middle East
Published 19 May, 2009 12:00am
PIFFA elections annulled: repolling within 45 days

PIFFA elections annulled: repolling within 45 days

In view of irregularities, elections of Pakistan International Freight Forwarders Association (PIIFA) for the year 2009-2010 have been annulled by the Director General, Trade Organisations (DGTO), 'with immediate effect'. The order was passed on May 8 on
Published 19 May, 2009 12:00am
PST test to be held in nine districts

PST test to be held in nine districts

The University of Sindh has announced that Primary School Teachers (PST) Test will be conducted on May, 19, 2009 (today) in the 9 districts of the Sindh. According to announcement of SU, test of the PST candidates will be conducted in two phases on May 19
Published 19 May, 2009 12:00am
Sindh University re-schedules semester exams

Sindh University re-schedules semester exams

The Controller of Examinations University of Sindh has re-scheduled the semester examination due to PST tests. According to a circular issued by the Controller of Examination due to PST test on May 19 and May 24, the semester papers scheduled for May 18,1
Published 19 May, 2009 12:00am
FPCCI concerned over transit trade deal with Afghanistan

FPCCI concerned over transit trade deal with Afghanistan

President Fede-ration of Pakistan Chambers of Commerce & Industry (FPCCI), Sultan Ahmed Chawla expressed his concern on trade agreement with Afghanistan and has reservations on the MoU to be signed on transit trade with Afghanistan. The modalities in this
Published 19 May, 2009 12:00am
Shortage of irrigation water in Sindh feared

Shortage of irrigation water in Sindh feared

The Provincial Secretary Irrigation Shuja Ahmed Junejo has said that there would be shortage of irrigation water during this year and added that his department was trying its best to meet the requirements of the growers through efficient utilisation of av
Published 19 May, 2009 12:00am
HSBC Pakistan to distribute UBL Funds

HSBC Pakistan to distribute UBL Funds

UBL Fund Managers and HSBC Pakistan marked the beginning of a business partnership by signing a distribution agreement whereby HSBC will be offering investment products managed by UBL Fund Managers to its clients under the umbrella of its Wealth Managemen
Published 19 May, 2009 12:00am
HSBC Pakistan to distribute UBL Funds

HSBC Pakistan to distribute UBL Funds

UBL Fund Managers and HSBC Pakistan marked the beginning of a business partnership by signing a distribution agreement whereby HSBC will be offering investment products managed by UBL Fund Managers to its clients under the umbrella of its Wealth Managemen
Published 19 May, 2009 12:00am
AOCEG's clarification

AOCEG's clarification

Association of the Officers of Customs and Excise Group (AOCEG) on Monday clarified that there is no resentment amongst the officers and staff of customs and excise group regarding the appointment of new chairman of the Federal Board of Revenue (FBR).
Published 19 May, 2009 12:00am
Entity rating of SPLC revised

Entity rating of SPLC revised

JCR-VIS Credit Rating Company Limited has revised the entity rating of Saudi Pak Leasing Company Limited (SPLC) to 'BBB-/A-3' (Triple B Minus/A-Three) from 'BBB/A-3' (Triple B /A-Three). Rating on the outstanding TFC issue has also been revised to 'BBB' (
Published 19 May, 2009 12:00am
Entity rating of SPLC revised

Entity rating of SPLC revised

JCR-VIS Credit Rating Company Limited has revised the entity rating of Saudi Pak Leasing Company Limited (SPLC) to 'BBB-/A-3' (Triple B Minus/A-Three) from 'BBB/A-3' (Triple B /A-Three). Rating on the outstanding TFC issue has also been revised to 'BBB' (
Published 19 May, 2009 12:00am
Sindh plans to construct comprehensive museum in Karachi

Sindh plans to construct comprehensive museum in Karachi

The Sindh Minister for Culture and Tourism Sassui Palijo has said that Sindh government has planned to construct a comprehensive Provincial Museum at Karachi to promote historical and cultural heritage of Sindh internationally. This she said while talking
Published 19 May, 2009 12:00am
Iesco clarification

Iesco clarification

Iesco spoke-sman clarified the news item published on 18th May 2009 in section of press through some news agencies in which it is alleged that Iesco/Wapda refused to give Prime Minister Relief Package to Iesco's deceased employee's families.
Published 19 May, 2009 12:00am
MBBS final exams of LUMHS from August 10

MBBS final exams of LUMHS from August 10

The final professional MBBS examinations 2009 of Liaquat University of Medical and Health Sciences (LUMHS) Jamshoro will begin from August 10. The LUMHS Additional Controller of Examinations said here on Monday that the last date for submission of examina
Published 19 May, 2009 12:00am
Poultry markets: Dutch expert concerned over unhygienic condition

Poultry markets: Dutch expert concerned over unhygienic condition

Dutch poultry expert W. J Oosterkamp has expressed grave concern over the unhygienic conditions of poultry markets in Pakistan and said that export in such pathetic conditions is not possible. He was delivering a lecture on the "Framework For Quality Assu
Published 19 May, 2009 12:00am
Salmaan Taseer inaugurates relief camp at Punjab University

Salmaan Taseer inaugurates relief camp at Punjab University

Governor Punjab Salmaan Taseer has said that he was very happy that the students of Punjab University established relief camp for the internally displaced persons of Swat, and teachers and employees donated their one-day salary for their welfare.
Published 19 May, 2009 12:00am
'Punjab giving priority to upgradation of infrastructure'

'Punjab giving priority to upgradation of infrastructure'

Senior Political Assistant to Chief Minister Mohammad Pervez Malik has said that infrastructure upgradation is one the priorities of Punjab government as good infrastructure is necessary to boost the economic and trade activities. Pervez Malik was speakin
Published 19 May, 2009 12:00am
Withdrawal of USAS to open floodgates of corruption: LCCI

Withdrawal of USAS to open floodgates of corruption: LCCI

The Lahore Chamber of Commerce and Industry, while taking a strong exception to the Federal Board of Revenue for considering withdrawal of Universal Self Assessment Scheme (USAS) in the forthcoming budget, has said that the decision would not only open th
Published 19 May, 2009 12:00am
PHP personnel rewarded for best performance

PHP personnel rewarded for best performance

Additional Inspector General Punjab Highway and Patrolling (PHP) Muhammad Wasim has granted cash reward and commendation certificate I on the best performance of Asi Muzzamal Abbas and his fellow Jawans posted at PHP post Iqbal Nagar Hafizabad.
Published 19 May, 2009 12:00am
Non-installation of generators, Acs: patients facing severe hardships

Non-installation of generators, Acs: patients facing severe hardships

Despite explicit instructions of Chief Minister Punjab Mohammad Shahbaz Sharif and release of necessary funds by the provincial government, the health department has failed to accomplish the task of installation of air conditioners and generators in diffe
Published 19 May, 2009 12:00am
Tax collection on income abroad

Tax collection on income abroad

Income Tax Ordinance 2001 provides the Federal Board of Revenue (FBR) with the legal authority to investigate assets held outside the country by Pakistanis with two exemptions: (i) if a payee has lived for less than six months in the country; and (ii) if
Published 19 May, 2009 12:00am
India's electoral verdict

India's electoral verdict

It is for the first time in the history of the Indian Stock Markets on Monday that the upper circuit was imposed as the stock market was extremely upbeat about the outcome of the election results. Proving the political pundits wrong who were predicting a
Published 19 May, 2009 12:00am
Re-examining Pak-Afghan trade arrangements

Re-examining Pak-Afghan trade arrangements

Pakistan has two types of trade ties with Afghanistan. One is bilateral trade set-up as it has with the rest of the world. The other is exclusive under Afghan Transit Trade Agreement (ATTA). In this article, I have tried to highlight policy flaws, anomali
Published 19 May, 2009 12:00am
Crisis bad news for Russia's shrinking population

Crisis bad news for Russia's shrinking population

In the face of financial trouble, it's a bad time for having babies. And babies are what Russia badly wants. State-sponsored posters call for Russians to do their duty and have big families. One lining the Moscow metro shows a woman juggling three stout b
Published 19 May, 2009 12:00am
Another grand mess on the cards

Another grand mess on the cards

According to PM's advisor on petroleum, Dr Asim Hussain, the government is committed to shifting the entire [decades old and by now enormous] oil storage facilities at the Keamari terminal to Khalifa Point in Hub, and would be fed by a single-buoy mooring
Published 19 May, 2009 12:00am
Imran Khan's stand

Imran Khan's stand

I want to bring in to notice of Imran Khan a few things. For most of the young generation, Imran Khan was supposed to be a role model, forward looking and a learned person with immense international exposure, but his views in politics are very disappointi
Published 19 May, 2009 12:00am
Welcome change

Welcome change

This is with reference to recent in-camera meeting held for all political parties. Realising the gravity of the situation, the political leadership of the country finally stood behind the Armed Forces of the country, setting aside their reservations with
Published 19 May, 2009 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

New York gold futures dropped 1 percent early on Monday as a bounce in the stock market lessened safe-haven demand, triggering stop-loss orders and profit taking. Gold for June delivery down $10.20, or 1.1 percent, at $921.10 an ounce at 10:18 am EDT (141
Published 19 May, 2009 12:00am
US MIDDAY: corn down

US MIDDAY: corn down

CBOT July corn futures were down 4 cents per bushel at $4.13-1/4 early on Monday on better corn planting weather in the United States, traders said. CBOT July soybean futures turned up 7 cents to $11.37-1/2 after China bought more US soy, the traders said
Published 19 May, 2009 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures edged higher early Monday, with a firmer open on Wall Street helping to support the advance, but economic concerns and worries about overhanging supply in China, the world's top copper consumer, limited the move. Copper for July delivery
Published 19 May, 2009 12:00am
US MIDDAY: sugar higher

US MIDDAY: sugar higher

Raw sugar futures on ICE Futures US at 1143 GMT on Monday. July raw sugar contract rose 0.20 cent to 15.15 cents per lb. Dealing from 14.95 to 15.18 cents. Volume in July contract at 5,080 lots.
Published 19 May, 2009 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices slipped on Monday as stock markets bounced, denting the precious metal's appeal as a haven from volatility in other markets. Nonetheless, prices are within sight of the seven-week high they hit on Friday, with analysts expecting concerns about
Published 19 May, 2009 12:00am
US MIDDAY: coffee climbs, cocoa drops

US MIDDAY: coffee climbs, cocoa drops

Arabica coffee futures moved higher early Monday, with a boost from a firmer commodity complex and tight supplies for high-quality beans, while US cocoa slid, traders said. Arabica coffee for July delivery rose 0.70 cent to $1.2850 per lb by 9:18 am EDT (
Published 19 May, 2009 12:00am
Sugar rises sharply, cocoa slips in London

Sugar rises sharply, cocoa slips in London

Raw sugar futures rose on Monday, boosted by investor buying, resuming its upward trend after last week's pullback as the market waited to see if the setback would stir demand in the physical market, dealers said.
Published 19 May, 2009 12:00am
Oil rises 4.8 percent on Nigeria, US refinery fire

Oil rises 4.8 percent on Nigeria, US refinery fire

Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key US East Coast refinery revived concern about supplies. US crude for June rose $2.69 to $59.03 a barrel, the highest set
Published 19 May, 2009 12:00am
Copper rallies

Copper rallies

Copper rose more than 2 percent on Monday as equities rallied, but the market was still hounded by worries about oversupply in China, the world's top copper consumer. Copper for three-months delivery on the London Metal Exchange closed at $4,520 a tonne,
Published 19 May, 2009 12:00am
Platinum may hit $1,350 in next six months

Platinum may hit $1,350 in next six months

Platinum could climb to $1,350 an ounce in the next six months if investment demand firms and Chinese jewellery buying stays strong, but weak auto usage will still weigh on prices, refiner Johnson Matthey said.
Published 19 May, 2009 12:00am
Banks and oils lead FTSE higher

Banks and oils lead FTSE higher

Britain's top share index closed 2.3 percent higher on Monday propelled by gains in banks, with Lloyds Banking Group up after its chairman said he was to step down, and in energy stocks as oil prices rose. By the close, the FTSE 100 was 98.34 points highe
Published 19 May, 2009 12:00am
Monday's early afternoon trade: Wall Street rises on Lowe's results

Monday's early afternoon trade: Wall Street rises on Lowe's results

US stocks rose on Monday as solid results from the No 2 US home improvement retailer, Lowe's Cos Inc, fuelled hopes the recession was easing and consumer spending stabilising. Positive broker comments on Bank of America Corp, up 9.7 percent at $11.71, lif
Published 19 May, 2009 12:00am
Bond issue flood hits European credit market

Bond issue flood hits European credit market

New cash bonds flooded the corporate credit market on Monday, while credit derivatives indexes were little changed. Investors snapped up bonds from companies including Telecom Italia, Barclays, Lafarge, Caterpillar, BASF, E.ON and Renault's RCI Banque. Ne
Published 19 May, 2009 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened on Monday as an expected string of new issues from the region kept investors from adding more debt into their portfolio, while others pocketed gains from a recent rally. Singapore's Temasek Holdings is the latest Asian state-run
Published 19 May, 2009 12:00am
Bond issue flood hits European credit market

Bond issue flood hits European credit market

New cash bonds flooded the corporate credit market on Monday, while credit derivatives indexes were little changed. Investors snapped up bonds from companies including Telecom Italia, Barclays, Lafarge, Caterpillar, BASF, E.ON and Renault's RCI Banque. Ne
Published 19 May, 2009 12:00am
Asian bond spreads widen

Asian bond spreads widen

Asian bond spreads widened on Monday as an expected string of new issues from the region kept investors from adding more debt into their portfolio, while others pocketed gains from a recent rally. Singapore's Temasek Holdings is the latest Asian state-run
Published 19 May, 2009 12:00am
Philippines shares dip

Philippines shares dip

Philippines share prices closed 1.3 percent lower on Monday on profit taking after the key index hit a seven-month high last week, dealers said. The composite index lost 29.33 points to 2,279.37 while the all-shares index fell 0.7 percent, or 11.56 points
Published 19 May, 2009 12:00am
Euro falls in London

Euro falls in London

The euro fell on Monday, still suffering from data on Friday showing Europe's recession was worse than earlier thought, while the dollar fell against other currencies seen as higher-risk. The yen fell broadly after Japan's top finance ministry bureaucrat
Published 19 May, 2009 12:00am
Dollar funding rate falls

Dollar funding rate falls

The cost of dollar funding in Asia slipped further on Monday extending its near 2 week falling streak while New Zealand swaps dipped on data that supported the central bank's pledge to keep interest rates low. In Hong Kong, interbank rates remained soft a
Published 19 May, 2009 12:00am
Sterling gains versus dollar and euro

Sterling gains versus dollar and euro

Sterling gained against the dollar and the euro on Monday, buoyed by rising equities, while investors eyed economic data due later this week to see whether Britain's recession is easing. The pound rose to an 11-day high against the euro, which came under
Published 19 May, 2009 12:00am
Election win eases pressure on India ratings: Moody's

Election win eases pressure on India ratings: Moody's

Pressure on India's sovereign rating could ease after the Congress-led coalition's big general election victory reduced policy uncertainty, a top official at credit rating agency Moody's said on Monday. However, Aninda Mitra, a senior analyst with Moody's
Published 19 May, 2009 12:00am
Development trumps regional issues in Indian vote

Development trumps regional issues in Indian vote

Millions of Indians appeared to have jettisoned caste and linguistic identities to vote for good governance in India's general election, a trend that may change the new government's policies to win over voters, analysts said. A collection of regional and
Published 19 May, 2009 12:00am
Thousands protest to demand Guatemalan leader quit

Thousands protest to demand Guatemalan leader quit

Thousands of Guatemalans protested Sunday to demand the president resign over accusations that he ordered a lawyer killed, a scandal threatening the rule of the country's first leftist leader more than 50 years. Supporters of President Alvaro Colom staged
Published 19 May, 2009 12:00am
Bangladesh names first female police station chief

Bangladesh names first female police station chief

Muslim-majority Bangladesh has for the first time appointed a woman to head one of its 500-plus police stations, an official said Monday. Deputy police commissioner Habibur Rahman told AFP that 48-year-old Hosne Ara being made chief of the police station
Published 19 May, 2009 12:00am
EU commissioner wins Lithuania vote

EU commissioner wins Lithuania vote

The European Union's budget chief will become Lithuania's first woman president following a landslide victory in a vote overshadowed by the Baltic country's ailing economy, preliminary results showed Monday. With all ballots counted, Dalia Grybauskaite am
Published 19 May, 2009 12:00am
Trial of Suu Kyi begins, faces three to five years' jail

Trial of Suu Kyi begins, faces three to five years' jail

Myanmar's opposition leader Aung San Suu Kyi went on trial on Monday charged with breaking the terms of her house arrest after an American intruder sneaked into her home. If found guilty, Suu Kyi faces up to five years in jail. A conviction would sideline
Published 19 May, 2009 12:00am
Protests as nuclear fuel ship docks in Japan

Protests as nuclear fuel ship docks in Japan

An armed vessel with a load of recycled nuclear fuel from France arrived amid heavy security Monday at a Japanese port where it was greeted by dozens of protesters. The Pacific Heron - carrying a British police team to head off possible hijackers on its s
Published 19 May, 2009 12:00am
UK military loses in court over troop protection

UK military loses in court over troop protection

Britain's second-highest court ruled Monday that soldiers at war are covered by European human rights law, a decision that could compel the military to give troops on the battlefield better equipment and medical care. The case centered on the death of a B
Published 19 May, 2009 12:00am
Buoyant CBOT stays focused on weather, China

Buoyant CBOT stays focused on weather, China

The clock is ticking for US corn and soybeans. With US corn and soybean plantings stalled near their slowest paces in 10 years, world grain traders have been ultra-sensitive to any change in weather guidance for the heart of the Corn Belt. That region is
Published 19 May, 2009 12:00am
Smoke billows from EU Commission building, forcing evacuation

Smoke billows from EU Commission building, forcing evacuation

Fire broke out at the European Commission building Monday, forcing the evacuation of the headquarters as smoke billowed from the roof. "There is a fire alarm and we are in the process of evacuating the commission," commission spokesman Johannes Laitenberg
Published 19 May, 2009 12:00am
Rains to lift Australia wheat forecast

Rains to lift Australia wheat forecast

National Australia Bank will increase its Australian wheat harvest forecast by 1 million tonnes to 22.2 million tonnes due to recent rains in some key growing regions, it said on Monday. Improvements in soil moisture, mainly in parts of New South Wales st
Published 19 May, 2009 12:00am
European coffee reaches new highs

European coffee reaches new highs

Colombian beans rose to new price highs in Europe's cash coffee market this week with some buyers not getting supplies despite willingness to pay the high cost, physical traders said on Friday. Price differentials for Colombian Excelso grades were at 90 c
Published 19 May, 2009 12:00am
Global sugar deficit seen falling in 2009-2010

Global sugar deficit seen falling in 2009-2010

The International Sugar Organisation, in its first preliminary forecast for 2009/10, on Friday predicted the global sugar deficit would fall to 4.5-5.0 million tonnes from a 7.8 million tonnes deficit in 2008/09. The London-based ISO also said in its late
Published 19 May, 2009 12:00am
Japan soya imports 3.9 million tonnes

Japan soya imports 3.9 million tonnes

Following are selected highlights from a report issued by a US Department of Agriculture attache in Japan. "In a year which some countries placed export restriction of agricultural commodities, the United States remained as an important and stable supplie
Published 19 May, 2009 12:00am
China to move corn stocks to consuming areas

China to move corn stocks to consuming areas

China will shift 3.05 million tonnes of corn from state reserves in the north-east to storage in major consuming areas to ease store shortages after Beijing' stockpiling campaign of grains and soya in the growing areas. The State Administration of Grain s
Published 19 May, 2009 12:00am
Drought to cut Hungary's wheat crop

Drought to cut Hungary's wheat crop

Drought is expected to cut Hungary's wheat crop to 4 million tonnes maximum this year from 5.6 million in 2008 and continued arid conditions could damage cereals further, agricultural think tank MGSZH said on Friday. MGSZH, a state-run body providing regu
Published 19 May, 2009 12:00am
Spain grain port stocks fall

Spain grain port stocks fall

Wheat stocks in Spain's leading grain port Tarragona have fallen to about 74,000 tonnes from 190,000 in mid-April, a port source said, but shipments from the Black Sea were expected by the end of the month. The source said cargoes of 25,000 and 26,000 ton
Published 19 May, 2009 12:00am
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