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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-02
Yasin facing serious health issues in detention: wife

Yasin facing serious health issues in detention: wife

Mishal Malik, the wife of Jammu and Kashmir Liberation Front leader Yasin Malik in a press conference on Saturday said that her husband's condition was not stable. She asserted that the Indian Army had kept him in a narrow cubicle where he was denied acce
Published 02 Oct, 2016 12:00am
Absence of required policymaking

Absence of required policymaking

Dr Salman Shah, the former Finance Minister, seems to have presented the most plausible diagnosis of country's economy. In his last op-ed for Business Recorder he seems to have made certain key points.
Published 02 Oct, 2016 12:00am
Erdogan laments loss of Aegean islands

Erdogan laments loss of Aegean islands

President Recep Tayyip Erdogan has stirred up controversy over the treaty that almost a century ago set the borders of modern Turkey, alarming both neighbouring Greece and secular opposition at home. In a speech Thursday, Erdogan for the first time reject
Published 02 Oct, 2016 12:00am
Eliminating power theft

Eliminating power theft

Pakistan is facing a severe energy crisis. Several measures have been implemented by the government in order to mitigate the power crisis. The focus has been on raising the installed capacity of power generation and upgradation of transmission and distrib
Published 02 Oct, 2016 12:00am
Indo-Pak tension: The CPEC factor

Indo-Pak tension: The CPEC factor

By linear logic, the India-Pak military crisis of September 18 was significantly eased mainly due to the nuclear deterrence between the two countries. The contention of this piece is that the $46 billion mega China-Pakistan Economic Corridor project with
Published 02 Oct, 2016 12:00am
Illegal trade in human organs

Illegal trade in human organs

While on the one hand there are institutions in this country like the Sindh Institute of Urology and Transplantation (SIUT), highly respected for providing free and best possible treatment to poor patients, on the other hand goes on a thriving illegal tra
Published 02 Oct, 2016 12:00am
A very welcome new beginning with Russia

A very welcome new beginning with Russia

A photo showing a commando contingent from Russia's Southern MD Mountain Motorized Rifle Brigade being greeted by Pakistani hosts adorned front pages of all newspapers on Saturday - a sign of general appreciation of growing warmth in Pak-Russia relations.
Published 02 Oct, 2016 12:00am
Passport-forger 'confesses' to dismembering dead man: Thai police

Passport-forger 'confesses' to dismembering dead man: Thai police

An American accused of running a passport-forgery ring in Bangkok confessed to dismembering - but not murdering - a man found in his freezer, Thai police said Saturday, as detectives continue to piece together details of the macabre crime. The 63-year-old
Published 02 Oct, 2016 12:00am
'Worse than hell': Indian migrants recall Saudi nightmare

'Worse than hell': Indian migrants recall Saudi nightmare

They left India for Saudi Arabia with big dreams, but have returned with only harrowing tales after an oil price slump threw the economy into turmoil, leaving thousands of poor migrant labourers stranded. The workers from India, Pakistan, Bangladesh and t
Published 02 Oct, 2016 12:00am
Panama Papers: PPP to start mass mobilisation drive from October 18

Panama Papers: PPP to start mass mobilisation drive from October 18

Pakistan Peoples' Party (PPP) has decided to start a mass mobilisation campaign against the Pakistan Muslim League-Nawaz (PML-N) government from October 18 in the event that the ruling party shoots down its Panama Papers (Inquiry and Trial) Bill, 2016 in
Published 02 Oct, 2016 12:00am
Panama Papers: PPP to start mass mobilisation drive from October 18

Panama Papers: PPP to start mass mobilisation drive from October 18

Pakistan Peoples' Party (PPP) has decided to start a mass mobilisation campaign against the Pakistan Muslim League-Nawaz (PML-N) government from October 18 in the event that the ruling party shoots down its Panama Papers (Inquiry and Trial) Bill, 2016 in
Published 02 Oct, 2016 12:00am
Target missed: Factors listed for less revenue collection in Q1

Target missed: Factors listed for less revenue collection in Q1

Some of the factors including marginal increase in sales tax collection from petroleum products on imports, 28 percent decline in domestic sales tax collection (local stage/supplies) on POL products, zero-rating of inputs of five export sectors, less adva
Published 02 Oct, 2016 12:00am
Target missed: Factors listed for less revenue collection in Q1

Target missed: Factors listed for less revenue collection in Q1

Some of the factors including marginal increase in sales tax collection from petroleum products on imports, 28 percent decline in domestic sales tax collection (local stage/supplies) on POL products, zero-rating of inputs of five export sectors, less adva
Published 02 Oct, 2016 12:00am
Target missed: Factors listed for less revenue collection in Q1

Target missed: Factors listed for less revenue collection in Q1

Some of the factors including marginal increase in sales tax collection from petroleum products on imports, 28 percent decline in domestic sales tax collection (local stage/supplies) on POL products, zero-rating of inputs of five export sectors, less adva
Published 02 Oct, 2016 12:00am
Target missed: Factors listed for less revenue collection in Q1

Target missed: Factors listed for less revenue collection in Q1

Some of the factors including marginal increase in sales tax collection from petroleum products on imports, 28 percent decline in domestic sales tax collection (local stage/supplies) on POL products, zero-rating of inputs of five export sectors, less adva
Published 02 Oct, 2016 12:00am
US government cuts cord on internet oversight

US government cuts cord on internet oversight

The US government on Saturday ended its formal oversight role over the internet, handing over management of the online address system to a global non-profit entity. The US Commerce Department announced that its contract had expired with the Internet Corpo
Published 02 Oct, 2016 12:00am
Bulgaria's Georgieva unsettles race to be UN chief

Bulgaria's Georgieva unsettles race to be UN chief

The newest candidate to be UN secretary-general, Kristalina Georgieva, says she may be a "latecomer" to the race, but still has strong credentials to become the first woman to lead the United Nations. The 63-year-old Bulgarian economist who served as Euro
Published 02 Oct, 2016 12:00am
Petition against FBR notice: PEDO challenges PHC verdict

Petition against FBR notice: PEDO challenges PHC verdict

Pakhtu-nkhawa Energy Development Organisation (PEDO) Peshawar Saturday challenged Peshawar High Court (PHC) verdict before Supreme Court, which turned down the Organization''s petition urging cancellation of the Federal Board of Revenue (FBR) notice under
Published 02 Oct, 2016 12:00am
Petition against FBR notice: PEDO challenges PHC verdict

Petition against FBR notice: PEDO challenges PHC verdict

Pakhtu-nkhawa Energy Development Organisation (PEDO) Peshawar Saturday challenged Peshawar High Court (PHC) verdict before Supreme Court, which turned down the Organization's petition urging cancellation of the Federal Board of Revenue (FBR) notice under
Published 02 Oct, 2016 12:00am
Petition against FBR notice: PEDO challenges PHC verdict

Petition against FBR notice: PEDO challenges PHC verdict

Pakhtu-nkhawa Energy Development Organisation (PEDO) Peshawar Saturday challenged Peshawar High Court (PHC) verdict before Supreme Court, which turned down the Organization's petition urging cancellation of the Federal Board of Revenue (FBR) notice under
Published 02 Oct, 2016 12:00am
Protesters blockade Tunisia phosphate mine, demand jobs

Protesters blockade Tunisia phosphate mine, demand jobs

Protesters have shut down two key Tunisian phosphate mines in a weeks-long dispute over jobs, a mining company official said on Saturday. The mostly unemployed university graduates blocked the entrances of sites in the central region of Gafsa to demand wo
Published 02 Oct, 2016 12:00am
Protesters blockade Tunisia phosphate mine, demand jobs

Protesters blockade Tunisia phosphate mine, demand jobs

Protesters have shut down two key Tunisian phosphate mines in a weeks-long dispute over jobs, a mining company official said on Saturday. The mostly unemployed university graduates blocked the entrances of sites in the central region of Gafsa to demand wo
Published 02 Oct, 2016 12:00am
Trump ready to drag Bill Clinton sex scandals into US campaign

Trump ready to drag Bill Clinton sex scandals into US campaign

Donald Trump indicated in a new interview that he's ready to drag ex-president Bill Clinton's sex scandals into the White House campaign, after Democrats lashed out at the billionaire's Twitter rant against a pro-Hillary ex-Miss Universe. Trump told The N
Published 02 Oct, 2016 12:00am
Nawaz phones Zardari

Nawaz phones Zardari

Prime Minister Nawaz Sharif phoned former President Asif Ali Zardari and invited him to attend the meeting of leaders of parliamentary parties to discuss the prevailing critical situation, Aaj News reported late on Saturday night. The news channel further
Published 02 Oct, 2016 12:00am
Farooq Sattar elected MQM-P convenor

Farooq Sattar elected MQM-P convenor

New office-bearers of Muttahida Qaumi Movement Pakistan's co-ordination committee were elected on Saturday. It is for the first time that co-ordination committee's office-bearers elected sans Altaf or London-based officials' recommendations. Aaj News repo
Published 02 Oct, 2016 12:00am
China alters Brahmaputra's flows?

China alters Brahmaputra's flows?

Days after Modi's announcement to declare water war on Pakistan, China reportedly stopped water flow of River Brahmaputra into India, which will affect water supply to five large states of India. Indian media reported that China stopped flow of Brahmaputr
Published 02 Oct, 2016 12:00am
China alters Brahmaputra's flows?

China alters Brahmaputra's flows?

Days after Modi's announcement to declare water war on Pakistan, China reportedly stopped water flow of River Brahmaputra into India, which will affect water supply to five large states of India. Indian media reported that China stopped flow of Brahmaputr
Published 02 Oct, 2016 12:00am
LCCI seeks paper merchants' suggestions regarding issues

LCCI seeks paper merchants' suggestions regarding issues

The Lahore Chamber of Commerce and Industry has asked the paper merchants to submit their suggestions regarding the issues faced by them so that these could be taken up with the concerned government circles. While addressing the All Pakistan Paper Merchan
Published 02 Oct, 2016 12:00am
5 SOEs worth Rs 170 billion privatised: Zubair

5 SOEs worth Rs 170 billion privatised: Zubair

Minister of State and Chairman Privatisation Commission, Muhammad Zubair has said the government had privatised five State Owned Entities (SOEs) worth of Rs 170 billion during its current regime. "Habib Bank Ltd, United Bank Ltd, Allied Bank Ltd, National
Published 02 Oct, 2016 12:00am
5 SOEs worth Rs 170 billion privatised: Zubair

5 SOEs worth Rs 170 billion privatised: Zubair

Minister of State and Chairman Privatisation Commission, Muhammad Zubair has said the government had privatised five State Owned Entities (SOEs) worth of Rs 170 billion during its current regime. "Habib Bank Ltd, United Bank Ltd, Allied Bank Ltd, National
Published 02 Oct, 2016 12:00am
5 SOEs worth Rs 170 billion privatised: Zubair

5 SOEs worth Rs 170 billion privatised: Zubair

Minister of State and Chairman Privatisation Commission, Muhammad Zubair has said the government had privatised five State Owned Entities (SOEs) worth of Rs 170 billion during its current regime. "Habib Bank Ltd, United Bank Ltd, Allied Bank Ltd, National
Published 02 Oct, 2016 12:00am
5 SOEs worth Rs 170 billion privatised: Zubair

5 SOEs worth Rs 170 billion privatised: Zubair

Minister of State and Chairman Privatisation Commission, Muhammad Zubair has said the government had privatised five State Owned Entities (SOEs) worth of Rs 170 billion during its current regime. "Habib Bank Ltd, United Bank Ltd, Allied Bank Ltd, National
Published 02 Oct, 2016 12:00am
UNMOGIP has not 'directly observed' firing along LoC

UNMOGIP has not 'directly observed' firing along LoC

The UN mission tasked with monitoring the ceasefire line between India and Pakistan "has not directly observed" any firing along the LoC, UN chief Ban Ki-moon's spokesperson said today against the backdrop of the surgical strikes conducted by India in Aza
Published 02 Oct, 2016 12:00am
UNMOGIP has not 'directly observed' firing along LoC

UNMOGIP has not 'directly observed' firing along LoC

The UN mission tasked with monitoring the ceasefire line between India and Pakistan "has not directly observed" any firing along the LoC, UN chief Ban Ki-moon's spokesperson said today against the backdrop of the surgical strikes conducted by India in Aza
Published 02 Oct, 2016 12:00am
Army monitoring evolving domestic situation

Army monitoring evolving domestic situation

Despite active engagement on the borders amid escalating tension with India, the military is closely monitoring the evolving domestic political situation in the wake of Pakistan Tehreek-e-Insaf's (PTI) threat to shut down Islamabad after Muharram in the e
Published 02 Oct, 2016 12:00am
Army monitoring evolving domestic situation

Army monitoring evolving domestic situation

Despite active engagement on the borders amid escalating tension with India, the military is closely monitoring the evolving domestic political situation in the wake of Pakistan Tehreek-e-Insaf's (PTI) threat to shut down Islamabad after Muharram in the e
Published 02 Oct, 2016 12:00am
India, Pakistan exchange fire across LoC

India, Pakistan exchange fire across LoC

Pakistan and India exchanged fresh fire across the Kashmir border Saturday, the Pakistani military said, with Indian officials stating there was no damage as tensions rise between the nuclear-armed rivals. "Pakistani troops befittingly responded to Indian
Published 02 Oct, 2016 12:00am
India, Pakistan exchange fire across LoC

India, Pakistan exchange fire across LoC

Pakistan and India exchanged fresh fire across the Kashmir border Saturday, the Pakistani military said, with Indian officials stating there was no damage as tensions rise between the nuclear-armed rivals. "Pakistani troops befittingly responded to Indian
Published 02 Oct, 2016 12:00am
Aleppo hospital hit as Syria army presses assault

Aleppo hospital hit as Syria army presses assault

The largest hospital in rebel-held east Aleppo was bombed on Saturday for the second time in days as Syrian government forces pressed a Russian-backed offensive to retake the entire city. Aleppo, once Syria's vibrant commercial powerhouse, is now at the h
Published 02 Oct, 2016 12:00am
Aleppo hospital hit as Syria army presses assault

Aleppo hospital hit as Syria army presses assault

The largest hospital in rebel-held east Aleppo was bombed on Saturday for the second time in days as Syrian government forces pressed a Russian-backed offensive to retake the entire city. Aleppo, once Syria's vibrant commercial powerhouse, is now at the h
Published 02 Oct, 2016 12:00am
Foreign investors withdraw over $41 million from PSX

Foreign investors withdraw over $41 million from PSX

Despite prevailing strong positive trend and increasing volumes at the Pakistan Stock Exchange, the foreign investors opted to off-load their holdings on available margins. The foreign investors withdrew $41.3 million from the Pakistan stock market during
Published 02 Oct, 2016 12:00am
Foreign investors withdraw over $41 million from PSX

Foreign investors withdraw over $41 million from PSX

Despite prevailing strong positive trend and increasing volumes at the Pakistan Stock Exchange, the foreign investors opted to off-load their holdings on available margins. The foreign investors withdrew $41.3 million from the Pakistan stock market during
Published 02 Oct, 2016 12:00am
Foreign investors withdraw over $41 million from PSX

Foreign investors withdraw over $41 million from PSX

Despite prevailing strong positive trend and increasing volumes at the Pakistan Stock Exchange, the foreign investors opted to off-load their holdings on available margins. The foreign investors withdrew $41.3 million from the Pakistan stock market during
Published 02 Oct, 2016 12:00am
Shell companies: Owners given more time to respond: FBR

Shell companies: Owners given more time to respond: FBR

The Federal Board of Revenue (FBR) is providing an opportunity to the owners of offshore companies for submission of their response under section 176 of the Income Tax Ordinance 2001 where persons/companies have requested for additional time period for re
Published 02 Oct, 2016 12:00am
Shell companies: Owners given more time to respond: FBR

Shell companies: Owners given more time to respond: FBR

The Federal Board of Revenue (FBR) is providing an opportunity to the owners of offshore companies for submission of their response under section 176 of the Income Tax Ordinance 2001 where persons/companies have requested for additional time period for re
Published 02 Oct, 2016 12:00am
Shell companies: Owners given more time to respond: FBR

Shell companies: Owners given more time to respond: FBR

The Federal Board of Revenue (FBR) is providing an opportunity to the owners of offshore companies for submission of their response under section 176 of the Income Tax Ordinance 2001 where persons/companies have requested for additional time period for re
Published 02 Oct, 2016 12:00am
China manufacturing continues rebound in September

China manufacturing continues rebound in September

Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday - a positive sign for the world''s second-largest economy. The official purchasing managers'' index (PMI) came in at 50.
Published 02 Oct, 2016 12:00am
China manufacturing continues rebound in September

China manufacturing continues rebound in September

Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday - a positive sign for the world's second-largest economy. The official purchasing managers' index (PMI) came in at 50.4
Published 02 Oct, 2016 12:00am
China manufacturing continues rebound in September

China manufacturing continues rebound in September

Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday - a positive sign for the world's second-largest economy. The official purchasing managers' index (PMI) came in at 50.4
Published 02 Oct, 2016 12:00am
About 90,000 jobs to be filled: Sindh lifts ban on recruitments

About 90,000 jobs to be filled: Sindh lifts ban on recruitments

Sindh Cabinet on Saturday has decided to lift a ban on all kind of recruitments and decided to fill around 90,000 posts vacant in the province. Almost half of them are promotion posts, therefore about 50,000 positions would be filled through selection com
Published 02 Oct, 2016 12:00am
About 90,000 jobs to be filled: Sindh lifts ban on recruitments

About 90,000 jobs to be filled: Sindh lifts ban on recruitments

Sindh Cabinet on Saturday has decided to lift a ban on all kind of recruitments and decided to fill around 90,000 posts vacant in the province. Almost half of them are promotion posts, therefore about 50,000 positions would be filled through selection com
Published 02 Oct, 2016 12:00am
About 90,000 jobs to be filled: Sindh lifts ban on recruitments

About 90,000 jobs to be filled: Sindh lifts ban on recruitments

Sindh Cabinet on Saturday has decided to lift a ban on all kind of recruitments and decided to fill around 90,000 posts vacant in the province. Almost half of them are promotion posts, therefore about 50,000 positions would be filled through selection com
Published 02 Oct, 2016 12:00am
About 90,000 jobs to be filled: Sindh lifts ban on recruitments

About 90,000 jobs to be filled: Sindh lifts ban on recruitments

Sindh Cabinet on Saturday has decided to lift a ban on all kind of recruitments and decided to fill around 90,000 posts vacant in the province. Almost half of them are promotion posts, therefore about 50,000 positions would be filled through selection com
Published 02 Oct, 2016 12:00am
Erdogan says Turkey in 'endgame' over EU membership

Erdogan says Turkey in 'endgame' over EU membership

President Recep Tayyip Erdogan on Saturday warned that Turkey had reached the "end of the game" over its decades-long EU membership bid, saying it was time for Brussels once and for all to make clear if it wanted Ankara as a member. In a hard-hitting spee
Published 02 Oct, 2016 12:00am
Erdogan says Turkey in 'endgame' over EU membership

Erdogan says Turkey in 'endgame' over EU membership

President Recep Tayyip Erdogan on Saturday warned that Turkey had reached the "end of the game" over its decades-long EU membership bid, saying it was time for Brussels once and for all to make clear if it wanted Ankara as a member. In a hard-hitting spee
Published 02 Oct, 2016 12:00am
Corridor to create opportunities for local firms: GECS
Currency

Corridor to create opportunities for local firms: GECS

The Global Economic Conditions Survey (GECS) has revealed that the eventual implementation of the Pakistan-China Economic Corridor, a bilateral project that will involve hefty Chinese investment into Pakistan''s infrastructure network, will also create op
Published 02 Oct, 2016 12:00am
Corridor to create opportunities for local firms: GECS
Currency

Corridor to create opportunities for local firms: GECS

The Global Economic Conditions Survey (GECS) has revealed that the eventual implementation of the Pakistan-China Economic Corridor, a bilateral project that will involve hefty Chinese investment into Pakistan's infrastructure network, will also create opp
Published 02 Oct, 2016 12:00am
Corridor to create opportunities for local firms: GECS
Currency

Corridor to create opportunities for local firms: GECS

The Global Economic Conditions Survey (GECS) has revealed that the eventual implementation of the Pakistan-China Economic Corridor, a bilateral project that will involve hefty Chinese investment into Pakistan's infrastructure network, will also create opp
Published 02 Oct, 2016 12:00am
Renewable energy: IFC provide credit line

Renewable energy: IFC provide credit line

Country Director World Bank (WB), Patchamuthu Illangovan called on Finance Minister Ishaq Dar on Saturday. Illangovan apprised the Finance Minister on the forthcoming annual meeting of the World Bank group. The meeting discussed the portfolio of the World
Published 02 Oct, 2016 12:00am
Renewable energy: IFC provide credit line

Renewable energy: IFC provide credit line

Country Director World Bank (WB), Patchamuthu Illangovan called on Finance Minister Ishaq Dar on Saturday. Illangovan apprised the Finance Minister on the forthcoming annual meeting of the World Bank group. The meeting discussed the portfolio of the World
Published 02 Oct, 2016 12:00am
Renewable energy: IFC provide credit line

Renewable energy: IFC provide credit line

Country Director World Bank (WB), Patchamuthu Illangovan called on Finance Minister Ishaq Dar on Saturday. Illangovan apprised the Finance Minister on the forthcoming annual meeting of the World Bank group. The meeting discussed the portfolio of the World
Published 02 Oct, 2016 12:00am
The Weather

The Weather

The weather report on Saturday (October 01, 2016) and the forecast for Sunday (October 02, 2016).

Published 02 Oct, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 01, 2016)

Published 02 Oct, 2016 12:00am
Hides and skins rates

Hides and skins rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee managed to keep overnight levels against the dollar on the currency market in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 105.05 and Rs 105.25 respectively, they sa
Published 02 Oct, 2016 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee managed to keep overnight levels against the dollar on the currency market in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 105.05 and Rs 105.25 respectively, they sa
Published 02 Oct, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 01, 2016).

Published 02 Oct, 2016 12:00am
European vegetable oil prices mostly higher

European vegetable oil prices mostly higher

European vegetable oil prices were mostly higher on Thursday, boosted primarily by a short-covering rally in CBOT soyabean oil ahead of a closely watched US government report on Friday. EU rapeseed oil asking prices were between unchanged and 15 euros a t
Published 02 Oct, 2016 12:00am
HRW wheat bids flat

HRW wheat bids flat

Cash basis bids for hard red winter wheat were quietly unchanged in the southern US Plains on Thursday as farmer sales remained slow while millers and elevators had sufficient supplies on hand following the summer harvest, dealers said. Bids firmed for so
Published 02 Oct, 2016 12:00am
Ukraine plans to raise white beet sugar output

Ukraine plans to raise white beet sugar output

Ukraine, which plans to increase this year's white beet sugar output by around a third, has produced 319,000 tonnes so far of a planned 2 million tonnes, Ukrainian sugar producers' union Ukrtsukor said on Thursday. Sugar refineries have processed a total
Published 02 Oct, 2016 12:00am
US FOB Gulf soyabean offers mostly steady

US FOB Gulf soyabean offers mostly steady

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Thursday, underpinned by strong demand but capped by rising supplies as US farmers harvested a likely record-large crop, traders said. Flooding in a portion of the Mississi
Published 02 Oct, 2016 12:00am
US natural gas futures ease on weaker demand

US natural gas futures ease on weaker demand

US natural gas futures on Thursday edged lower on forecasts for weaker demand over the next two weeks despite a smaller-than-expected storage build and expectations for production to ease. The US Energy Information Administration said utilities added 49 b
Published 02 Oct, 2016 12:00am
India's sugar imports likely to rise in 2016-17

India's sugar imports likely to rise in 2016-17

India is likely to import 2 million tonnes of sugar during the 2016/17 marketing year as the country's consumption is likely to outpace production for the first time in seven years, an analyst at Rabobank Singapore said on Thursday. India's sugar output c
Published 02 Oct, 2016 12:00am
Rising supply, thin demand push down rice prices

Rising supply, thin demand push down rice prices

Thin buying and prospects of higher supplies pulled down rice export prices in India and Thailand this week, while Vietnamese prices hovered at a one-year low on weak demand, traders said on Wednesday. Harvesting of the main crop in Thailand, the world's
Published 02 Oct, 2016 12:00am
Cotton market: prices firm on hectic buying
Cotton

Cotton market: prices firm on hectic buying

Prices showed firm on the cotton market on Saturday in the process of brisk activity, dealers said. The official spot rate was unchanged at Rs 6000, dealers said. In Sindh, seed cotton prices were at Rs 2900-3100 and in Punjab rates of Phutti were at Rs 2
Published 02 Oct, 2016 12:00am
China tells mines to raise thermal coal output

China tells mines to raise thermal coal output

China has ordered major coal mines to raise thermal coal output by another 500,000 tonnes per day, the latest concerted effort by the government to boost supplies to its electric utilities ahead of the winter, sources said on Tuesday. In the fourth meetin
Published 02 Oct, 2016 12:00am
US Midwest corn, soya bids mostly flat

US Midwest corn, soya bids mostly flat

Cash basis bids for corn and soyabeans were largely unchanged in the US Midwest on Thursday as rains delayed harvest in some spots and grain merchants looked ahead to the US Department of Agriculture's quarterly grain stocks report due on Friday. Analysts
Published 02 Oct, 2016 12:00am
Asian naphtha crack extends losses

Asian naphtha crack extends losses

Asia's naphtha crack extended losses for the third straight session on Thursday to reach a two-week low of $43.83 a tonne, dragged down by cracker outages in Singapore. Royal Dutch Shell has declared force majeure on supplies of its base chemicals from it
Published 02 Oct, 2016 12:00am
Chinese iron ore hits three-week high

Chinese iron ore hits three-week high

Iron ore futures in China jumped to a three-week high on Thursday, tracking gains in steel prices, even as appetite for spot cargoes was limited ahead of a week-long holiday in the top consumer. Chinese markets will be shut Oct. 3-7 for the National Day h
Published 02 Oct, 2016 12:00am
Soyameal higher on Europe's animal feed meal market

Soyameal higher on Europe's animal feed meal market

Soyameal on Europe's animal feed meal market was offered higher on Thursday as Chicago futures strengthened on the back of brisk export demand and adjustments by investors ahead of closely watched US grain stocks data. A cautious mood before Friday's US D
Published 02 Oct, 2016 12:00am
Discounts of Vietnamese coffee hold stable

Discounts of Vietnamese coffee hold stable

Discounts of Vietnamese coffee stood stable on Thursday, with September export volume hitting a seven-month low as stocks dwindled ahead of the new harvest, while Indonesia's supply also decreased, traders said on Thursday. Vietnam, the world's top robust
Published 02 Oct, 2016 12:00am
EU wheat prices little changed on poor demand

EU wheat prices little changed on poor demand

Western European wheat prices were little changed on Thursday as slow farmer sales and subdued export demand deprived the market of volume and clear price direction. December milling wheat on the Paris-based Euronext exchange settled 0.75 euros, or 0.5 pe
Published 02 Oct, 2016 12:00am
Weather favours Russia's winter grains sowing for 2017 crop

Weather favours Russia's winter grains sowing for 2017 crop

Russia's winter grain sowing campaign for the 2017 crop has benefited from favourable weather so far this autumn, analysts said on Thursday, improving chances that the country could have a bumper harvest for a fourth year running. Crops in Russia, a major
Published 02 Oct, 2016 12:00am
Oil exporters focus on supply, but what of China demand?

Oil exporters focus on supply, but what of China demand?

Major oil exporters clearly would like higher crude prices and may even be getting closer to some sort of coordinated action, but they should be careful what they wish for as they may choke off demand growth in top importer China. On the surface, China's
Published 02 Oct, 2016 12:00am
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