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Print - 2010-03-25
Message from Chairman, LPG Association of Pakistan

Message from Chairman, LPG Association of Pakistan

The LPG Association of Pakistan (LPGAP) is pleased to be hosting the Fourth Annual Public Conference in Islamabad with the support of one of Pakistan's premier magazines, Energy Update. For over 16 years, LPGAP has provided LPG marketing companies with a
Published 25 Mar, 2010 12:00am
Strike against loadshedding in Mirpur

Strike against loadshedding in Mirpur

Complete shutterdown and strike was observed in Mirpur against unscheduled loadshedding. Some clashes also took place between police and protestors in which over 40 persons including SSP Mirpur Sardar Gulfraz were injured, DHQ Hospital sources told APP on
Published 25 Mar, 2010 12:00am
Indian judges back unmarried lovers

Indian judges back unmarried lovers

India's Supreme Court has backed the right of unmarried couples to live together as judges heard a case involving an actress accused of corrupting young minds by promoting pre-marital sex. A three-judge panel sitting in New Delhi pointed out on Tuesday th
Published 25 Mar, 2010 12:00am
Indian judges back unmarried lovers

Indian judges back unmarried lovers

India's Supreme Court has backed the right of unmarried couples to live together as judges heard a case involving an actress accused of corrupting young minds by promoting pre-marital sex. A three-judge panel sitting in New Delhi pointed out on Tuesday th
Published 25 Mar, 2010 12:00am
MinTex, Aptma close to narrow down yarn quota differences

MinTex, Aptma close to narrow down yarn quota differences

The Ministry of Textile (MinTex) and All Pakistan Textile Mills Association (Aptma) were close on Wednesday to mitigate their differences by creating space for each other on yarn export quota controversy. Sources said that Punjab Governor Salman Taseer is
Published 25 Mar, 2010 12:00am
Naek seeks European assistance to revive economy

Naek seeks European assistance to revive economy

Senate Chairman Farooq Hamid Naek while underscoring the importance of Anglo-Pakistan friendship has urged greater market access for Pakistani produce in the European market to help revive country's economy hit hard by the war against extremism.
Published 25 Mar, 2010 12:00am
'Pakistan's consolidating democracy, stimulating economic growth'

'Pakistan's consolidating democracy, stimulating economic growth'

Ambassador of Pakistan to China Masood Khan has said that "Today in Pakistan, we are consolidating democracy, stimulating economic growth and defeating the forces of extremism". Ambassador Khan addressed the Pakistan Day reception held here on Tuesday eve
Published 25 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
UK mission accused of denying visa to businessmen, exporters

UK mission accused of denying visa to businessmen, exporters

The British High Commission (BHC) has been accused of denying visas to businessmen and exporters for the last six months without seeking or providing them an opportunity to clarify. This is not the first time that the business community has complained abo
Published 25 Mar, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 24, 2010).
Published 25 Mar, 2010 12:00am
Wheat procurement to start from April 20 in Faisalabad

Wheat procurement to start from April 20 in Faisalabad

Wheat procurement campaign will start across the division from April 20 for which 35 centres are being established to purchase 504000 tons of wheat at official rate, ie, Rs 950 per 40kg. This was disclosed at a meeting held here on Wednesday under the cha
Published 25 Mar, 2010 12:00am
Pakistan will offer 10 exploration blocks

Pakistan will offer 10 exploration blocks

Pakistan will offer ten exploration blocks to reputable exploration and production companies in June this year, of which at least one block will be for offshore drilling. This was stated by the Secretary Petroleum Kamran Lashari, while talking to media at
Published 25 Mar, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
Six soldiers among 10 killed in Iraq attacks

Six soldiers among 10 killed in Iraq attacks

A series of attacks across Iraq killed at least 10 people on Wednesday, including six soldiers and one policeman, security officials said. In the deadliest attack, insurgents killed five Iraqi soldiers at a military checkpoint in the confessionally-mixed
Published 25 Mar, 2010 12:00am
Bird flu remains a threat: WHO

Bird flu remains a threat: WHO

Bird flu outbreaks that have killed seven people in several countries so far this year show the virus remains a threat to humans, the World Health Organisation (WHO) said Wednesday. "The newly confirmed human and poultry cases of avian influenza this year
Published 25 Mar, 2010 12:00am
Bullish sentiments dominate LSE

Bullish sentiments dominate LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Wednesday where equities registered gains across the board amid ascending transaction volume on account of local and foreign funds' fresh buying in attractive shares. The LSE-25 index afte
Published 25 Mar, 2010 12:00am
Bullish sentiments dominate LSE

Bullish sentiments dominate LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Wednesday where equities registered gains across the board amid ascending transaction volume on account of local and foreign funds' fresh buying in attractive shares. The LSE-25 index afte
Published 25 Mar, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
Banks disburse Rs 144.7 billion agriculture credit

Banks disburse Rs 144.7 billion agriculture credit

Agricultural credit disbursement by commercial and specialised banks rose by 11.02 percent to Rs 144.703 billion in eight months (July-February) of the current 2009-10 fiscal year (FY10). In absolute terms, the disbursement increased by Rs 14.361 billion
Published 25 Mar, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
Banks disburse Rs 144.7 billion agriculture credit

Banks disburse Rs 144.7 billion agriculture credit

Agricultural credit disbursement by commercial and specialised banks rose by 11.02 percent to Rs 144.703 billion in eight months (July-February) of the current 2009-10 fiscal year (FY10). In absolute terms, the disbursement increased by Rs 14.361 billion
Published 25 Mar, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 24, 2010).

Published 25 Mar, 2010 12:00am
Banks disburse Rs 144.7 billion agriculture credit

Banks disburse Rs 144.7 billion agriculture credit

Agricultural credit disbursement by commercial and specialised banks rose by 11.02 percent to Rs 144.703 billion in eight months (July-February) of the current 2009-10 fiscal year (FY10). In absolute terms, the disbursement increased by Rs 14.361 billion
Published 25 Mar, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 25 Mar, 2010 12:00am
BRIndex30 gains 169.2 points

BRIndex30 gains 169.2 points

On Wednesday, the BRIndex30 opened at 8,443.05 points and remained in positive for most of the trading time with a clear upward trend. It touched intra-day high of 8,621.15 and low of 8,389.21 points and closed at 8,612.25 points, with a positive change o
Published 25 Mar, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Mar, 2010 12:00am
BRIndex30 gains 169.2 points

BRIndex30 gains 169.2 points

On Wednesday, the BRIndex30 opened at 8,443.05 points and remained in positive for most of the trading time with a clear upward trend. It touched intra-day high of 8,621.15 and low of 8,389.21 points and closed at 8,612.25 points, with a positive change o
Published 25 Mar, 2010 12:00am
182.92 points rise in KSE index

182.92 points rise in KSE index

Healthy buying was witnessed at the Karachi share market on Wednesday on the back of both local and foreign investors'' support and the KSE-100 index crossed 10,000 points mark. After opening in positive the index closed at 10,146.27 points with a gain of
Published 25 Mar, 2010 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 25 Mar, 2010 12:00am
182.92 points rise in KSE index

182.92 points rise in KSE index

Healthy buying was witnessed at the Karachi share market on Wednesday on the back of both local and foreign investors' support and the KSE-100 index crossed 10,000 points mark. After opening in positive the index closed at 10,146.27 points with a gain of
Published 25 Mar, 2010 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 25 Mar, 2010 12:00am
182.92 points rise in KSE index

182.92 points rise in KSE index

Healthy buying was witnessed at the Karachi share market on Wednesday on the back of both local and foreign investors' support and the KSE-100 index crossed 10,000 points mark. After opening in positive the index closed at 10,146.27 points with a gain of
Published 25 Mar, 2010 12:00am
TCP has no money to pay for LC

TCP has no money to pay for LC

The Trading Corporation of Pakistan has no funds for opening Letter of Credit for import of 200,000 tons sugar, as the credit limit of Rs 110 billion sanctioned by banks has exhausted. Sources told Business Recorder on Wednesday that TCP needs some
Published 25 Mar, 2010 12:00am
SHV Energy Pakistan

SHV Energy Pakistan

SHV Energy Pakistan has vast experience of serving the need of Pakistan's energy market. This long history has seen SHV Energy Pakistan developing into the largest LPG marketing company, selling around 90,000 metric ton of gas per annum in cylinders and b
Published 25 Mar, 2010 12:00am
TCP has no money to pay for LC

TCP has no money to pay for LC

The Trading Corporation of Pakistan has no funds for opening Letter of Credit for import of 200,000 tons sugar, as the credit limit of Rs 110 billion sanctioned by banks has exhausted. Sources told Business Recorder on Wednesday that TCP needs some
Published 25 Mar, 2010 12:00am
LPG: present and way forward

LPG: present and way forward

Pakistan's economy has under-gone significant changes over the years, and these economic modifications have been heavily influenced by national and international geo-political transformations. Energy in all aspect has played a very important role in the s
Published 25 Mar, 2010 12:00am
TCP has no money to pay for LC

TCP has no money to pay for LC

The Trading Corporation of Pakistan has no funds for opening Letter of Credit for import of 200,000 tons sugar, as the credit limit of Rs 110 billion sanctioned by banks has exhausted. Sources told Business Recorder on Wednesday that TCP needs some
Published 25 Mar, 2010 12:00am
LPG sector needs government attention

LPG sector needs government attention

Liquefied Petroleum Gas (LPG) has witnessed tremendous growth over the past two decades in Pakistan. The growth however, has been somewhat subdued by supply constraint issues. Despite the phenomenal growth, LPG constitutes just a mere 1 percent of the tot
Published 25 Mar, 2010 12:00am
No deadlock in PCCR proceedings, says Bukhari

No deadlock in PCCR proceedings, says Bukhari

Minister of State for Information and Broadcasting Syed Sumsam Ali Shah Bukhari said on Wednesday there is no deadlock in the proceedings of Parliamentary Committee on Constitutional Reforms (PCCR), expressing the hope that it would soon announce a unanim
Published 25 Mar, 2010 12:00am
Message from Chief Executive, Publicity Channel

Message from Chief Executive, Publicity Channel

On behalf of Publicity Channel & Energy Update. I welcome all the distinguished delegates and speakers of 4th Annual Public Conference-2010. The objective of the event is to provide the latest information about developments and technical advancements in t
Published 25 Mar, 2010 12:00am
Seeds prices move both ways on grain market

Seeds prices move both ways on grain market

Seed prices were higher on the wholesale grain and seed market on Wednesday due to strong demand, dealers said. On the seed side, rapeseed Nawabshah was higher by Rs 40 to Rs 1650-1660, Dadulane was up by Rs 100 to Rs 1500-1525, rapeseed Mirpurlane, howev
Published 25 Mar, 2010 12:00am
21 militants killed

21 militants killed

Twenty-one insurgents were killed Wednesday in clashes with security forces and airstrikes targeting their hideouts in Pakistan's tribal region near the Afghan border, a government official said. The clashes in the Orakzai tribal district came as military
Published 25 Mar, 2010 12:00am
Japan exports to US offset slower exports to China

Japan exports to US offset slower exports to China

Japan's exports fell slightly in February, but a big rise in auto shipments to the United States showed exports are continuing to pick up on the back of a recovery in the global economy. Exports to the United States jumped 50 percent from a year earlier,
Published 25 Mar, 2010 12:00am
21 militants killed

21 militants killed

Twenty-one insurgents were killed Wednesday in clashes with security forces and airstrikes targeting their hideouts in Pakistan's tribal region near the Afghan border, a government official said. The clashes in the Orakzai tribal district came as military
Published 25 Mar, 2010 12:00am
Gold ends weaker in Asia

Gold ends weaker in Asia

Gold slipped on Wednesday after early bargain hunting subsided as investors turned their attention to a European Union summit later this week, which could offers details of a rescue package for debt-laden Greece. US gold futures for April delivery fell $2
Published 25 Mar, 2010 12:00am
Worldcall clarification

Worldcall clarification

This is apropos news item titled "Inadmissible refund of excise duty" published in "Business Recorder" on 24th March 2010. The said news item is misleading, misreporting and is against the actual facts. It is incorrect that Federal Board of Revenue has co
Published 25 Mar, 2010 12:00am
US gold surges

US gold surges

New York gold futures ended higher on Tuesday, erasing losses earlier in the session, as economic optimism driven by a US housing report boosted risk appetite across the board. COMEX April settles up $4.20 at $1,103.70 an ounce. Ranged $1,108 to $1,094.
Published 25 Mar, 2010 12:00am
Worldcall clarification

Worldcall clarification

This is apropos news item titled "Inadmissible refund of excise duty" published in "Business Recorder" on 24th March 2010. The said news item is misleading, misreporting and is against the actual facts. It is incorrect that Federal Board of Revenue has co
Published 25 Mar, 2010 12:00am
Oil drops towards $81 in Asia

Oil drops towards $81 in Asia

Oil fell towards $81 on Wednesday after a report showed US crude inventories surged, deepening concerns about a demand recovery from industrialised nations as Europe struggles to manage Greece's debt crisis. The front-month US crude contract fell 63 cents
Published 25 Mar, 2010 12:00am
Worldcall clarification

Worldcall clarification

This is apropos news item titled "Inadmissible refund of excise duty" published in "Business Recorder" on 24th March 2010. The said news item is misleading, misreporting and is against the actual facts. It is incorrect that Federal Board of Revenue has co
Published 25 Mar, 2010 12:00am
Malaysian palm oil declines

Malaysian palm oil declines

Malaysian palm oil futures ended down 1.2 percent on Wednesday, under pressure as weak crude oil and soyoil weighed on the market. Concerns about lower exports for the full month of March due to the strengthening of the ringgit against the dollar, also pu
Published 25 Mar, 2010 12:00am
Oil & gas exploration: growing circular debt ebbs drilling activities

Oil & gas exploration: growing circular debt ebbs drilling activities

The drilling activities of oil and gas exploration companies have reduced by 22 percent during the first eight months of FY10 mainly due to growing circular debt. Only 67 wells have been drilled, so far, (including carry-over wells) as compared to 86 well
Published 25 Mar, 2010 12:00am
New York sugar slides

New York sugar slides

Raw sugar futures tumbled more than 7 percent to end at its lowest level since late June 2009, after several increased supply estimates led to technical selling that caused many investors to unwind long positions. The May raw sugar contract was down 1.27
Published 25 Mar, 2010 12:00am
Oil & gas exploration: growing circular debt ebbs drilling activities

Oil & gas exploration: growing circular debt ebbs drilling activities

The drilling activities of oil and gas exploration companies have reduced by 22 percent during the first eight months of FY10 mainly due to growing circular debt. Only 67 wells have been drilled, so far, (including carry-over wells) as compared to 86 well
Published 25 Mar, 2010 12:00am
US soyabean lower

US soyabean lower

US soyabean futures closed lower on Tuesday on the Chicago Board of Trade, sagging in late trade on profit-taking and a firming dollar. Nearby months gained on new-crop months on tight US soya stocks and news of a port strike in Argentina that led to conc
Published 25 Mar, 2010 12:00am
Oil & gas exploration: growing circular debt ebbs drilling activities

Oil & gas exploration: growing circular debt ebbs drilling activities

The drilling activities of oil and gas exploration companies have reduced by 22 percent during the first eight months of FY10 mainly due to growing circular debt. Only 67 wells have been drilled, so far, (including carry-over wells) as compared to 86 well
Published 25 Mar, 2010 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures ended slightly higher on Wednesday on the back of strong demand at a time of tight physical supply, but gains were limited by weaker oil prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for August de
Published 25 Mar, 2010 12:00am
Russian wheat

Russian wheat

An unknown volume of Russian wheat has been sold to Peru and Venezuela, European traders said on Wednesday. This would be the second indication this week that US wheat is suffering intense competition in traditional markets on its doorstep from cheaper co
Published 25 Mar, 2010 12:00am
US rice futures soften

US rice futures soften

US rice futures closed weak on Tuesday on a technical setback following Monday's firm close. Firm dollar also adds to market pressure. May down 8-1/2 cents at $12.74-1/2 per hundredweight. Vietnam extends rice stockpile plan - newspaper.
Published 25 Mar, 2010 12:00am
Case against Musharraf: petitioner allowed to amend pleadings

Case against Musharraf: petitioner allowed to amend pleadings

A petitioner seeking initiation of high treason proceedings (under Article 6) against former President Pervez Musharraf for changing basic structure of the Constitution was allowed by the Supreme Court to amend his pleadings here on Wednesday. The court w
Published 25 Mar, 2010 12:00am
Shanghai copper dips

Shanghai copper dips

Shanghai copper reversed early gains and dropped nearly half a percent on Wednesday, pressured by dollar strength and as investors await a euro zone summit that may provide a solution for Greece's debt crisis. Shanghai's benchmark third-month copper futur
Published 25 Mar, 2010 12:00am
Case against Musharraf: petitioner allowed to amend pleadings

Case against Musharraf: petitioner allowed to amend pleadings

A petitioner seeking initiation of high treason proceedings (under Article 6) against former President Pervez Musharraf for changing basic structure of the Constitution was allowed by the Supreme Court to amend his pleadings here on Wednesday. The court w
Published 25 Mar, 2010 12:00am
US copper edges down

US copper edges down

US copper futures closed with modest losses on Tuesday, falling under the weight of a firm dollar, but maintaining momentum near the $3.40 per lb level due to mild optimism surrounding the global economic recovery, analysts said. Copper for May delivery e
Published 25 Mar, 2010 12:00am
Saudi busts 101-strong al Qaeda cell

Saudi busts 101-strong al Qaeda cell

Saudi Arabia has broken up three cells of al Qaeda militants planning attacks in the kingdom, including on its oil installations, the interior ministry said on Wednesday. One cell consisted of 101 people and two smaller cells were made up of six men each.
Published 25 Mar, 2010 12:00am
Malaysia will switch to biofuel next year

Malaysia will switch to biofuel next year

Malaysia, the world's second-largest palm oil producer, will make it mandatory for all vehicles to use biofuel from next year, the government announced Wednesday. Malaysia's plans to shift to biofuel - a mixture of diesel with five percent processed palm
Published 25 Mar, 2010 12:00am
Message from Prime Minister Islamic Republic of Pakistan

Message from Prime Minister Islamic Republic of Pakistan

I am pleased to note that the Fourth Annual Public Conference organised by the LPG Association of Pakistan (LPGAP), Publicity Channel and Energy Update is being held in Islamabad. The event will provide an excellent opportunity for industry stakeholders,
Published 25 Mar, 2010 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

I am pleased to learn that LPG Association of Pakistan (LPGAP) and Energy Update are jointly organising 4th Annual Public Conference-2010 in Islamabad. In recent years, LPG has experienced an exponential growth but much more need to be done to serve those
Published 25 Mar, 2010 12:00am
UK and Germany to press for global bank risk tax

UK and Germany to press for global bank risk tax

Britain and Germany set their sights on an International Monetary Fund meeting next month to push for a global "risk" tax on banks that aims to avert the need for more taxpayer bailouts. Months after British Prime Minister Gordon Brown fronted a range of
Published 25 Mar, 2010 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 204,043 tonnes of cargo including 143,593 tonnes of import cargo; 60,450 tonnes of export cargo and 387 loaded and empty containers during last 48 hours ended at 0700 hours on Wednesday. The total import cargo of 143,593 tonnes co
Published 25 Mar, 2010 12:00am
Afghanistan and China sign economic agreements

Afghanistan and China sign economic agreements

The leaders of Afghanistan and China on Wednesday signed agreements on trade and economic co-operation, and vowed to work harder to combat terrorism in Central Asia. Visiting Afghan President Hamid Karzai and China's Hu Jintao pledged to step up co-operat
Published 25 Mar, 2010 12:00am
South Africa raises maize output forecast

South Africa raises maize output forecast

South Africa's government raised its forecast of maize output for the 2009/10 season to 12.96 million tonnes on Wednesday from 12.88 million tonnes due to higher expected yields. The maize crop will consist of an estimated 7.79 million tonnes of white mai
Published 25 Mar, 2010 12:00am
Malaysia will switch to biofuel next year

Malaysia will switch to biofuel next year

Malaysia, the world''s second-largest palm oil producer, will make it mandatory for all vehicles to use biofuel from next year, the government announced Wednesday. Malaysia''s plans to shift to biofuel - a mixture of diesel with five percent processed pal
Published 25 Mar, 2010 12:00am
US Midwest corn and soya bids firm

US Midwest corn and soya bids firm

Spot basis bids for corn and soyabeans firmed at US Midwest processors and elevators on Tuesday even as farmers increased sales of both crops, dealers said. Soya bids rose 2-5 cents per bushel in the eastern Midwest while corn bids were up 1/2 to 2 cents
Published 25 Mar, 2010 12:00am
Malaysia will switch to biofuel next year

Malaysia will switch to biofuel next year

Malaysia, the world's second-largest palm oil producer, will make it mandatory for all vehicles to use biofuel from next year, the government announced Wednesday. Malaysia's plans to shift to biofuel - a mixture of diesel with five percent processed palm
Published 25 Mar, 2010 12:00am
Average price of top Kenyan tea falls

Average price of top Kenyan tea falls

The average price of Kenya's Broken Pekoe Ones fell to $3.55 per kg from $3.76 per kg last week, brokers said on Wednesday. Africa Tea Brokers said Best BP1s sold at between $3.95-$3.14 per kg from $4.02-$3.50 per kg last week. Best BP1 average price peak
Published 25 Mar, 2010 12:00am
Saudi busts 101-strong al Qaeda cell

Saudi busts 101-strong al Qaeda cell

Saudi Arabia has broken up three cells of al Qaeda militants planning attacks in the kingdom, including on its oil installations, the interior ministry said on Wednesday. One cell consisted of 101 people and two smaller cells were made up of six men each.
Published 25 Mar, 2010 12:00am
Steady prices, modest business on cotton market

Steady prices, modest business on cotton market

Firmness prevailed on the cotton market on Wednesday as mills are busy in cautious buying amid rising expectations about the final decision on quota on exports of cotton yarn, dealers said. The Karachi Cotton Association (KCA) official spot rate was uncha
Published 25 Mar, 2010 12:00am
Oil cake market rates

Oil cake market rates

Steadier trend was seen on the forward cottonseed oilcake market on Wednesday during the modest trade, dealers said. The March contract had ended at Rs 990.80 and commenced at the same rate, dealers said. The May vaida that closed at Rs 992.10, opened wit
Published 25 Mar, 2010 12:00am
Thai rice prices rise, but Vietnamese prices fall

Thai rice prices rise, but Vietnamese prices fall

Thai rice prices have risen over the past week after aggressive government intervention, but Vietnamese prices eased as export floor prices were cut to attract buyers, traders said on Wednesday. Even though Thailand, the world's biggest rice exporter, is
Published 25 Mar, 2010 12:00am
China's rapeseed output to fall by 500,000 tonnes

China's rapeseed output to fall by 500,000 tonnes

The most serious drought in decades in China's southern provinces of Yunnan and Guizhou is expected to cut their rapeseed output by 500,000 tonnes, or about half of last year's total output, an official think-tank reported on Wednesday. In 2009, the two a
Published 25 Mar, 2010 12:00am
Kenyan coffee prices jump

Kenyan coffee prices jump

The top price for Kenya's benchmark AA coffee grade skyrocketed to $702 per 50-kg at this week's auction from $554 at the previous sale, as buyers competed for good quality, auction authorities said on Wednesday. The Nairobi Coffee Exchange (NCE) said the
Published 25 Mar, 2010 12:00am
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