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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-20
European vegoils: Palm oil down on poor exports
Vegetable Oil

European vegoils: Palm oil down on poor exports

Palm oil on the European vegetable oils market continued to ease on Thursday, tracking Malaysian palm oil futures on the back of slack export demand, weak energy markets and lower rival vegetable oils. "The European cash market followed Malaysia and the s
Published 20 Dec, 2015 12:00am
BATS to expand FX offerings on Hotspot, mulls new fees
Currency

BATS to expand FX offerings on Hotspot, mulls new fees

BATS Global Markets is considering adding market data products and connectivity fees to its Hotspot FX foreign exchange trading platform to boost revenues, according to a regulatory filing. Hotspot, which institutional investors use to trade one currency
Published 20 Dec, 2015 12:00am
South Sudan's central bank to sell $20 million to banks
Currency

South Sudan's central bank to sell $20 million to banks

South Sudan's central bank will auction $20 million to commercial banks on Monday, it said on Thursday, days after the finance minister said the country had abandoned its official fixed exchange rate and switched to a floating rate. The central bank had s
Published 20 Dec, 2015 12:00am
US dollar net longs hit lowest since early November

US dollar net longs hit lowest since early November

Speculators further slashed bullish bets on the US dollar in the latest week, with net longs falling to their lowest since early November, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.
Published 20 Dec, 2015 12:00am
GE seeks to appease investors with new preferred exchange

GE seeks to appease investors with new preferred exchange

General Electric appeared to get a better reception for a new exchange offer for US $5.9bn of preferred stock, after the terms of an earlier exchange of GE Capital securities caused an investor backlash. "This deal is far better than what was provided in
Published 20 Dec, 2015 12:00am
Dollar falls against yen after Japan stops short of extra QE
Currency

Dollar falls against yen after Japan stops short of extra QE

The US dollar tumbled against the yen on Friday after the Bank of Japan tweaked its monthly asset-purchase program in a way that traders viewed as minor, suggesting that the central bank may not ease policy as much as expected. The BoJ set up a program to
Published 20 Dec, 2015 12:00am
Canadian dollar closes slightly higher
Currency

Canadian dollar closes slightly higher

The Canadian dollar managed a modest bounce against its US counterpart after softer-than-expected domestic data had helped send the currency to a more than 11-year low, although the recovery was cut short by further weakening in oil prices. The loonie, as
Published 20 Dec, 2015 12:00am
Serbia's central bank sells euros to bolster dinar

Serbia's central bank sells euros to bolster dinar

Serbia's central bank sold an unspecified amount of euros on the domestic interbank market on Tuesday to further bolster the dinar, weakened by investors expectations of the US Federal reserves rate hike and seasonal demand, dealers said. The bank which s
Published 20 Dec, 2015 12:00am
Czech central bank keeps crown cap

Czech central bank keeps crown cap

The Czech central bank board kept its outlook for exit from its weak-crown policy around the end of 2016 in place on Wednesday and said it did not need to wait with a move until the European Central Bank ends its asset buying programme. The CNB reiterated
Published 20 Dec, 2015 12:00am
Wall Street slides on lower crude prices, stock options expiry

Wall Street slides on lower crude prices, stock options expiry

US stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve's interest hike, weighed down the market. The expiration of stock and index options contrac
Published 20 Dec, 2015 12:00am
Japan to cut new bond issuance to seven-year low

Japan to cut new bond issuance to seven-year low

Japan's government plans to cut new bond issuance to a seven-year low in fiscal 2016 even as annual budget spending hits a record high, helped by higher tax revenue on rising corporate profits, government sources told Reuters. The government will lower ne
Published 20 Dec, 2015 12:00am
Japan to cut new bond issuance to seven-year low

Japan to cut new bond issuance to seven-year low

Japan's government plans to cut new bond issuance to a seven-year low in fiscal 2016 even as annual budget spending hits a record high, helped by higher tax revenue on rising corporate profits, government sources told Reuters. The government will lower ne
Published 20 Dec, 2015 12:00am
European stocks to rise but unlikely to regain 2015 peaks

European stocks to rise but unlikely to regain 2015 peaks

European stocks are expected to rise in 2016, helped by stimulus measures from the European Central Bank, although markets are unlikely to get back to this year's highs, a Reuters poll found. The Reuters poll of over 30 traders, fund managers and strategi
Published 20 Dec, 2015 12:00am
Spanish bonds lag before most uncertain election in four decades

Spanish bonds lag before most uncertain election in four decades

The yield gap between short-term Spanish and German bonds held near its widest point in five months on Friday, as Spain braced itself for its most uncertain election in four decades. Sunday's parliamentary election is expected to mark a shift from decades
Published 20 Dec, 2015 12:00am
Spanish bonds lag before most uncertain election in four decades

Spanish bonds lag before most uncertain election in four decades

The yield gap between short-term Spanish and German bonds held near its widest point in five months on Friday, as Spain braced itself for its most uncertain election in four decades. Sunday's parliamentary election is expected to mark a shift from decades
Published 20 Dec, 2015 12:00am
Australia shares to rebound next year after a soft 2015
Currency

Australia shares to rebound next year after a soft 2015

Australia's stock market is expected to rebound in 2016 after a disappointing year as easy money and a weaker local currency provide much needed support, a Reuters poll found. Tumbling commodity prices and concerns about slowing growth in China, Australia
Published 20 Dec, 2015 12:00am
Hong Kong regulator orders trading halt in Muddy Waters

Hong Kong regulator orders trading halt in Muddy Waters

Hong Kong's securities regulator put an indefinite trading halt on the shares of Chinese timber supplier Superb Summit International Group, a company that shortseller Muddy Waters questioned the accounts of in a report issued last year. The Hong Kong stoc
Published 20 Dec, 2015 12:00am
'Buy Europe' trade faces test as debt fears simmer

'Buy Europe' trade faces test as debt fears simmer

This year's most popular "no brainer" trade is turning into a bit of a head-scratcher. "Buy Europe" has turned out to be a relative winner for 2015, with pan-European equities up some 4.6 percent this year against a 2.6 percent decline for top global stoc
Published 20 Dec, 2015 12:00am
'Buy Europe' trade faces test as debt fears simmer

'Buy Europe' trade faces test as debt fears simmer

This year's most popular "no brainer" trade is turning into a bit of a head-scratcher. "Buy Europe" has turned out to be a relative winner for 2015, with pan-European equities up some 4.6 percent this year against a 2.6 percent decline for top global stoc
Published 20 Dec, 2015 12:00am
TSX edges higher as resource stocks gain; BlackBerry, Bombardier soar

TSX edges higher as resource stocks gain; BlackBerry, Bombardier soar

Canada's main stock index crawled higher on Friday as the energy sector gained despite slipping oil prices, offsetting weakness among financial stocks as investors also scooped up shares of companies that have taken a beating recently. Toronto-listed shar
Published 20 Dec, 2015 12:00am
Prague power bourse growth heralds expansion push: CEO

Prague power bourse growth heralds expansion push: CEO

Volumes on the Prague-based Power Exchange Central Europe in 2015 will hit their highest for two years, signalling new growth potential for the bourse looking to push further into central and southeastern Europe, the exchange's chief said. The exchange, w
Published 20 Dec, 2015 12:00am
Prague power bourse growth heralds expansion push: CEO

Prague power bourse growth heralds expansion push: CEO

Volumes on the Prague-based Power Exchange Central Europe in 2015 will hit their highest for two years, signalling new growth potential for the bourse looking to push further into central and southeastern Europe, the exchange's chief said. The exchange, w
Published 20 Dec, 2015 12:00am
Brazil speeds leniency for corrupt firms to save jobs

Brazil speeds leniency for corrupt firms to save jobs

Brazilian President Dilma Rousseff issued a decree on Friday aimed at speeding up a process allowing construction companies involved in a major corruption scandal to regain the right to receive government money, a move she says will protect jobs.
Published 20 Dec, 2015 12:00am
Target in initial development of own mobile wallet

Target in initial development of own mobile wallet

Target Corp is in the early stages of developing its own mobile wallet, three people familiar with the matter said, joining Wal-Mart Stores Inc in posing a threat to recent entrants like Apple Pay. The fourth-largest US retailer has not committed to launc
Published 20 Dec, 2015 12:00am
American Express can enforce anti-steering rules

American Express can enforce anti-steering rules

American Express Co can once again enforce its rules prohibiting merchants from steering customers to other credit cards after an appeals court temporarily lifted an earlier court order on Friday. The 2nd US Circuit Court of Appeals is currently weighing
Published 20 Dec, 2015 12:00am
Tim Cook calls notion of Apple avoiding US taxes 'political crap'

Tim Cook calls notion of Apple avoiding US taxes 'political crap'

Apple Inc Chief Executive Tim Cook dismissed as "total political crap" the notion that the tech giant was avoiding taxes. Cook's remarks, made on CBS' 60 Minutes show, come amid a debate in the United States over corporations avoiding taxes through techni
Published 20 Dec, 2015 12:00am
Lockheed files injunction to stop work on Oshkosh trucks

Lockheed files injunction to stop work on Oshkosh trucks

Lockheed Martin Corp on Friday filed for a temporary injunction seeking a stop-work order on a $6.75 billion contract awarded by the US Army to Oshkosh Corp for 17,000 new armored vehicles to replace the Humvee, which Lockheed is challenging in federal co
Published 20 Dec, 2015 12:00am
Large Chinese copper smelters eye deeper production cuts

Large Chinese copper smelters eye deeper production cuts

Nine large copper smelters in China have agreed that they could deepen planned production cuts next year beyond 350,000 tonnes proposed earlier if prices and profitability deteriorate, an executive at one of the smelters said on Saturday. The agreement fo
Published 20 Dec, 2015 12:00am
Portugal's ailing bank Banif gets six bids for government's stake

Portugal's ailing bank Banif gets six bids for government's stake

Six financial institutions have presented offers for the Portuguese government's 60.5 percent stake in troubled local bank Banif, the lender said late on Friday soon after the deadline for bidding expired. The small Madeira-based bank, which has a market
Published 20 Dec, 2015 12:00am
Bank of Canada chief: pointless to try to stop C$ moves
Currency

Bank of Canada chief: pointless to try to stop C$ moves

The Canadian dollar and the price of oil move "like a pair of train tracks" and trying to stop exchange rates from shifting could hinder the economy's ability to absorb shocks, Bank of Canada Governor Stephen Poloz said on Friday. Poloz, speaking to Reute
Published 20 Dec, 2015 12:00am
Fiscal fights fade as US Congress backs huge budget bill
Cotton

Fiscal fights fade as US Congress backs huge budget bill

Brushing aside concerns about deepening the budget deficit, US lawmakers approved $1.8 trillion worth of federal spending and tax breaks on Friday in a rare case of bipartisan action after years of damaging fiscal fights in Congress. The Senate voted 65-3
Published 20 Dec, 2015 12:00am
Congress kills US oil export ban, boosts solar, wind power

Congress kills US oil export ban, boosts solar, wind power

The US Congress voted on Friday to repeal the 40-year-old ban on exporting US crude oil in an energy policy shift sought by Republicans as part of a bipartisan deal that also provided unprecedented tax incentives for wind and solar power. The Senate, on a
Published 20 Dec, 2015 12:00am
Bank of Italy official says most banks healthy

Bank of Italy official says most banks healthy

The Bank of Italy's deputy governor said on Saturday that the vast majority of the country's banks are in a better state than the small lenders whose failure and subsequent rescue this year wiped out the savings of thousands of retail investors. The gover
Published 20 Dec, 2015 12:00am
ChemChina sweetens bid for Syngenta to $44 billion

ChemChina sweetens bid for Syngenta to $44 billion

State-owned China National Chemical Corp has raised its offer to buy Syngenta AG by about $2 billion, to $44 billion, proposing a two-stage takeover of the agrochemical company, Bloomberg reported, citing sources. ChemChina has offered 470 Swiss francs ($
Published 20 Dec, 2015 12:00am
IMF says Serbia on track but risks remain

IMF says Serbia on track but risks remain

The International Monetary Fund praised Serbia on Friday for reforms it said were generating economic recovery, but said some risks remained. The IMF said it had completed its third review of a 1.2 billion euros ($1.3 billion) stand-by loan with Serbia, a
Published 20 Dec, 2015 12:00am
Moody's upgrades South Korea's ratings to country's highest ever

Moody's upgrades South Korea's ratings to country's highest ever

Moody's Investors Service said on Saturday it had upgraded South Korea's issuer and bond ratings to Aa2 from Aa3, the highest ever for the country, and changed the outlook from positive to stable. "Korea's very high institutional strength will support con
Published 20 Dec, 2015 12:00am
Moody's upgrades South Korea's ratings to country's highest ever

Moody's upgrades South Korea's ratings to country's highest ever

Moody's Investors Service said on Saturday it had upgraded South Korea's issuer and bond ratings to Aa2 from Aa3, the highest ever for the country, and changed the outlook from positive to stable. "Korea's very high institutional strength will support con
Published 20 Dec, 2015 12:00am
Petrobras board approves Guedes as chairman

Petrobras board approves Guedes as chairman

Brazil's state-run oil company Petroleo Brasileiro SA, or Petrobras said on Friday its board of directors voted to make Luiz Nelson Guedes de Carvalho chairman until January 31. Guedes has been serving as interim chairman since September when he assumed t
Published 20 Dec, 2015 12:00am
Sri Lanka parliament passes amended 2016 budget with strong majority

Sri Lanka parliament passes amended 2016 budget with strong majority

Sri Lanka's new government on Saturday won the final vote on its 2016 budget with a more than two thirds majority, but a series of amendments due to public protests could derail the coalition government's fiscal consolidation attempts. The budget, which c
Published 20 Dec, 2015 12:00am
UK lawmakers caution government over Green Investment Bank sell-off plan

UK lawmakers caution government over Green Investment Bank sell-off plan

The planned privatisation of Britain's Green Investment Bank (GIB) must not go ahead unless the government can guarantee the bank's environmental objectives are protected, a parliamentary committee report released on Saturday said. The bank was created as
Published 20 Dec, 2015 12:00am
US Senate passes IMF reform in budget bill
Currency

US Senate passes IMF reform in budget bill

The US Senate on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund as part of a budget bill that will clear the way for new industrial powerhouses like China and India to have more clout at the in
Published 20 Dec, 2015 12:00am
US Senate passes IMF reform in budget bill
Currency

US Senate passes IMF reform in budget bill

The US Senate on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund as part of a budget bill that will clear the way for new industrial powerhouses like China and India to have more clout at the in
Published 20 Dec, 2015 12:00am
Thai rate rises will depend on stronger economic recovery

Thai rate rises will depend on stronger economic recovery

Thailand's monetary policy will continue to be very accommodative and any tightening will depend on stronger economic growth, which is still very low at the moment, a deputy central bank governor said on Saturday. Southeast Asia's second-largest economy h
Published 20 Dec, 2015 12:00am
US FOB Gulf soya offers weaker on slow demand

US FOB Gulf soya offers weaker on slow demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to weak on Thursday as scattered demand underpinned nearby prices while deferred values were pressured by an expected increase in Argentine shipments, traders said. US corn export pr
Published 20 Dec, 2015 12:00am
Premiums for Vietnamese coffee rise on stockpiling

Premiums for Vietnamese coffee rise on stockpiling

Premiums for Vietnamese coffee rose this week on speculative buying as traders took advantage of lower prices to build stockpiles amid concerns of lower supply from next year's crop because of dry weather in 2015, traders said Thursday. Vietnamese robusta
Published 20 Dec, 2015 12:00am
Indonesia's November palm oil output falls
Vegetable Oil

Indonesia's November palm oil output falls

Indonesia's crude palm oil (CPO) output slipped 7 percent in November from the previous month, a Reuters survey showed, as the main harvest season ended and monsoon weather arrived in key growing areas. CPO output in November was 2.8 million tonnes, down
Published 20 Dec, 2015 12:00am
Philippines set to resume sugar imports for first time in 6 years

Philippines set to resume sugar imports for first time in 6 years

The Philippines expects to import sugar for the first time in six years in 2016, the industry regulator told Reuters, seeking to shore up domestic supplies because of declining output due to dry weather linked to an El Nino weather pattern. Raw sugar impo
Published 20 Dec, 2015 12:00am
EU wheat output to fall, maize rebound in 2016

EU wheat output to fall, maize rebound in 2016

Soft wheat output in the European Union is expected to fall 4 percent in 2016 after a record crop this year while maize is seen rebounding after a drought-hit harvest, consultancy Strategie Grains said on Thursday. Its first full forecasts for next year's
Published 20 Dec, 2015 12:00am
CBOT wheat ends firm on short-covering
Currency

CBOT wheat ends firm on short-covering

Chicago Board of Trade wheat futures settled higher on Thursday, climbing back from a two-week low in the March contract on short-covering and a rally in soybean futures, traders said. K.C. hard red winter wheat futures closed mixed while MGEX spring whea
Published 20 Dec, 2015 12:00am
Freight rates for capsize fall to seven-year low

Freight rates for capsize fall to seven-year low

Freight rates for capsize bulk carriers on key Asian routes, which fell to a more than seven-year low on Wednesday, could nudge lower or hold around current levels as too many ships chase too little cargo, brokers said. "It seems like the market is at the
Published 20 Dec, 2015 12:00am
Freight rates for capsize fall to seven-year low

Freight rates for capsize fall to seven-year low

Freight rates for capsize bulk carriers on key Asian routes, which fell to a more than seven-year low on Wednesday, could nudge lower or hold around current levels as too many ships chase too little cargo, brokers said. "It seems like the market is at the
Published 20 Dec, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Saturday (December 19, 2015).

Published 20 Dec, 2015 12:00am
Qaim rules out governor's rule

Qaim rules out governor's rule

Sindh Chief Minister Syed Qaim Ali Shah on Saturday ruled out imposition of governor's rule in the province. There was no need for the imposition of governor's rule in the presence of Constitution and democracy in the country, he said while reply to a que
Published 20 Dec, 2015 12:00am
Qaim rules out governor's rule

Qaim rules out governor's rule

Sindh Chief Minister Syed Qaim Ali Shah on Saturday ruled out imposition of governor's rule in the province. There was no need for the imposition of governor's rule in the presence of Constitution and democracy in the country, he said while reply to a que
Published 20 Dec, 2015 12:00am
Petition filed: Sindh government meddling in Asim's case: Rangers

Petition filed: Sindh government meddling in Asim's case: Rangers

Rangers filed a petition in court on Saturday to stop Sindh government from what it said meddling in the Dr Asim case. This is third application from Rangers against the Sindh government. DSR Rangers Sindh, Anayatullah Durrani, filed an application in Sin
Published 20 Dec, 2015 12:00am
Petition filed: Sindh government meddling in Asim's case: Rangers

Petition filed: Sindh government meddling in Asim's case: Rangers

Rangers filed a petition in court on Saturday to stop Sindh government from what it said meddling in the Dr Asim case. This is third application from Rangers against the Sindh government. DSR Rangers Sindh, Anayatullah Durrani, filed an application in Sin
Published 20 Dec, 2015 12:00am
Ecnec okays revised PC-I of NJHPP & other mega projects

Ecnec okays revised PC-I of NJHPP & other mega projects

The Executive Committee of the National Economic Council (Ecnec) in its meeting chaired by Finance Minister Senator Mohammad Ishaq Dar on Saturday discussed and approved a number of proposals relating to energy, communication and higher education sectors.
Published 20 Dec, 2015 12:00am
Ecnec okays revised PC-I of NJHPP & other mega projects

Ecnec okays revised PC-I of NJHPP & other mega projects

The Executive Committee of the National Economic Council (Ecnec) in its meeting chaired by Finance Minister Senator Mohammad Ishaq Dar on Saturday discussed and approved a number of proposals relating to energy, communication and higher education sectors.
Published 20 Dec, 2015 12:00am
Ecnec okays revised PC-I of NJHPP & other mega projects

Ecnec okays revised PC-I of NJHPP & other mega projects

The Executive Committee of the National Economic Council (Ecnec) in its meeting chaired by Finance Minister Senator Mohammad Ishaq Dar on Saturday discussed and approved a number of proposals relating to energy, communication and higher education sectors.
Published 20 Dec, 2015 12:00am
Spain's Mireia Lalaguna Royo wins Miss World title in China

Spain's Mireia Lalaguna Royo wins Miss World title in China

Spain's Mireia Lalaguna Royo has been named the winner of the Miss World 2015 competition in the southern Chinese island resort of Sanya. The win followed a lengthy competition dogged by controversy over China's refusal to allow Canada's entrant to attend
Published 20 Dec, 2015 12:00am
Spain's Mireia Lalaguna Royo wins Miss World title in China

Spain's Mireia Lalaguna Royo wins Miss World title in China

Spain's Mireia Lalaguna Royo has been named the winner of the Miss World 2015 competition in the southern Chinese island resort of Sanya. The win followed a lengthy competition dogged by controversy over China's refusal to allow Canada's entrant to attend
Published 20 Dec, 2015 12:00am
ISAF equipment seized from private warehouses

ISAF equipment seized from private warehouses

Customs officials in Karachi conducted raids at a private company''s warehouses and recovered 458 containers containing equipment meant for the International Security Assistance Force (ISAF). Some of the containers were empty while others contained genera
Published 20 Dec, 2015 12:00am
ISAF equipment seized from private warehouses

ISAF equipment seized from private warehouses

Customs officials in Karachi conducted raids at a private company's warehouses and recovered 458 containers containing equipment meant for the International Security Assistance Force (ISAF). Some of the containers were empty while others contained generat
Published 20 Dec, 2015 12:00am
ISAF equipment seized from private warehouses

ISAF equipment seized from private warehouses

Customs officials in Karachi conducted raids at a private company's warehouses and recovered 458 containers containing equipment meant for the International Security Assistance Force (ISAF). Some of the containers were empty while others contained generat
Published 20 Dec, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (December 19, 2015) and the forecast for Sunday (December 13, 2015).

Published 20 Dec, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 19, 2015).

Published 20 Dec, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 19, 2015).

Published 20 Dec, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 19, 2015)

Published 20 Dec, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 19, 2015).

Published 20 Dec, 2015 12:00am
Nigeria awards new crude for product swap deals to four refiners

Nigeria awards new crude for product swap deals to four refiners

Nigerian state oil firm NNPC will award new crude for oil products swap agreements to Total , Varo Energy, Cepsa and ENI, the head of its crude marketing unit said on Friday. Despite exporting some 2 million barrels per day (bpd) of crude oil, Nigeria is
Published 20 Dec, 2015 12:00am
Canadian canola ends lower

Canadian canola ends lower

ICE Canadian canola fell for a third straight session on Thursday, bucking support from a rally in US soyabeans and a plunging Canadian dollar, which tends to makes Canadian goods more attractive on the export market, traders said. Commercials were scale-
Published 20 Dec, 2015 12:00am
Indonesia to import 600,000 tonnes of corn in Q1 2016

Indonesia to import 600,000 tonnes of corn in Q1 2016

Indonesia will import 600,000 tonnes of corn in the first quarter of 2016, the chief executive of the state procurement agency Bulog said on Wednesday. Djarot Kusumayakti said Bulog has only prepared for corn imports up to March and that it is currently p
Published 20 Dec, 2015 12:00am
India cuts 2015-16 coffee output estimate

India cuts 2015-16 coffee output estimate

India, the world's sixth biggest coffee producer, is likely to harvest a record 350,000 tonnes of beans in 2015/16, although down 1.6 percent from the previous estimate as heavy rains during harvesting hit arabica, the state-run Coffee Board said. The pro
Published 20 Dec, 2015 12:00am
Prices mixed on grain market
Cotton

Prices mixed on grain market

Mixed patterns were seen on the wholesale grain market on Saturday in process of trading, dealer said. On the grams side, gram Australia No 1 gained Rs 100 to Rs 8600, grams Dall 50x50 picked up Rs 400 to Rs 10600, yellow peas Russia shed Rs 25 to Rs 3675
Published 20 Dec, 2015 12:00am
World cocoa market to see supply deficit in 2015-16

World cocoa market to see supply deficit in 2015-16

The world cocoa market will move to a supply deficit of 100,000 tonnes in the current crop year, on the back of a small surplus in 2014/15, an influential softs broker said on Thursday. At JSG Commodities' annual symposium, Eric Bergman, a cocoa trader at
Published 20 Dec, 2015 12:00am
Syria issues international tender to buy 200,000 tonnes of wheat

Syria issues international tender to buy 200,000 tonnes of wheat

Syria's state grains agency has issued an international tender to purchase and import 200,000 tonnes of soft wheat for bread making, European traders said on Tuesday. The tender deadline is December 21, traders said. Traders said in September that they ha
Published 20 Dec, 2015 12:00am
Lack of snow puts crops in danger worldwide: Braun

Lack of snow puts crops in danger worldwide: Braun

The extent of snow across the Northern Hemisphere is alarmingly low, especially considering the increased risk of much colder weather come January. North America, Europe and Western Asia have all been consistently 5 to 10 degrees Fahrenheit warmer than av
Published 20 Dec, 2015 12:00am
USDA cuts forecast for domestic sugar supplies

USDA cuts forecast for domestic sugar supplies

The US Agriculture Department on Wednesday cut its forecast for domestic sugar supplies in the 2015/16 marketing year on lower imports from Mexico and higher demand. The USDA pegged the closely watched stocks-to-use ratio at 13.5 in its monthly supply/dem
Published 20 Dec, 2015 12:00am
LME may expand electronic warehouse tracking system beyond metals

LME may expand electronic warehouse tracking system beyond metals

The London Metal Exchange (LME) will include ores and metal products in a new electronic system for tracking material stored outside its registered warehouses and may later expand to other commodities, an executive said. A metals warehousing fraud last ye
Published 20 Dec, 2015 12:00am
Hong Kong exchange launches second round of mini metals contracts

Hong Kong exchange launches second round of mini metals contracts

The Hong Kong bourse launched its second round of mini metals futures contracts on Monday as it seeks to build up interest from Chinese retail buyers on the back of its metals franchise. Hong Kong Exchanges and Clearing has launched one-tonne contracts in
Published 20 Dec, 2015 12:00am
Cotton market: prices remain firm on modest trade
Cotton

Cotton market: prices remain firm on modest trade

Prices maintained a firm posture on the cotton market on Saturday in the process of modest trade, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2000 and Rs 2900 and in the Punjab, rat
Published 20 Dec, 2015 12:00am
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