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Print - 2017-07-09
YOUR RUPEE LAST MONTH
Exchange

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (June 1 to 30, 2017)

Published 09 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Saturday (July 08, 2017) and the forecast for Sunday (July 09, 2017).

Published 09 Jul, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 08, 2017).

Published 09 Jul, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 08, 2017)

Published 09 Jul, 2017 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 (July 08, 2017).

Published 09 Jul, 2017 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 (July 08, 2017).

Published 09 Jul, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 08, 2017).

Published 09 Jul, 2017 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 08, 2017).

Published 09 Jul, 2017 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

A declining trend was seen in the value of the rupee against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee in relation to the dollar dropped 20 paisas for buying at Rs 106.20 and lost 10 paisas for selling a
Published 09 Jul, 2017 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

A declining trend was seen in the value of the rupee against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee in relation to the dollar dropped 20 paisas for buying at Rs 106.20 and lost 10 paisas for selling a
Published 09 Jul, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 08, 2017).

Published 09 Jul, 2017 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose 3.3 percent at the weekly auction amid concerns that bad weather could hit production in key producing countries. Bangladesh tea fetched an average of 214.77 taka ($2.6) per kg at the auction on Tuesday, compared with 207.90
Published 09 Jul, 2017 12:00am
CBOT corn futures fall

CBOT corn futures fall

Chicago Board of Trade corn futures fell on Thursday, snapping a streak of seven straight higher closes, after the US Agriculture Department reported a surprise bump in crop ratings on Wednesday afternoon. Weakness in wheat also weighed on corn prices. Th
Published 09 Jul, 2017 12:00am
Philippines to import 250,000 tonnes of rice

Philippines to import 250,000 tonnes of rice

The Philippines' state grains buyer issued on Thursday an international tender to buy 250,000 tonnes of 25 percent broken long grain white rice, rushing to boost thinning government stockpile. Bids must be submitted on or before July 25, when the sealed o
Published 09 Jul, 2017 12:00am
Vietnam's, Indonesian coffee discounts widen on slow trade

Vietnam's, Indonesian coffee discounts widen on slow trade

Discounts in Vietnam and Indonesia, Asia's top coffee exporters, widened as world coffee prices rose, but trading was thin in both markets, traders said on Thursday. Rising prices of the London ICE September contract boosted local coffee price in Vietnam,
Published 09 Jul, 2017 12:00am
US FOB Gulf corn, soyabean offers lower

US FOB Gulf corn, soyabean offers lower

Export premiums for corn and soyabeans shipped from the US Gulf Coast were steady to lower on Thursday, weighed down by weak CIF barge basis values and limited export demand, traders said. Hard red winter wheat export premiums tumbled along with falling C
Published 09 Jul, 2017 12:00am
US natural gas futures rise on decline in output

US natural gas futures rise on decline in output

US natural gas futures on Thursday climbed as a decline in projected output offset forecasts for lower cooling demand through late July. After falling to a 17-week low on Wednesday, front-month gas futures for August delivery rose 4.8 cents, or 1.7 percen
Published 09 Jul, 2017 12:00am
Rice prices fall on weak demand

Rice prices fall on weak demand

Rice prices in the world's top three exporters of the staple fell this week on weak demand, traders said on Thursday. In Thailand, benchmark 5-percent broken rice was quoted at $420-$430 a tonne, free-on-board (FOB) Bangkok, down from $432-$440 a tonne la
Published 09 Jul, 2017 12:00am
Prices higher on cotton market
Cotton

Prices higher on cotton market

Rates picked up on the cotton market on Saturday in the process of trading activity, dealers said. The official spot rate higher by Rs 50 to Rs 6100, they said. In the ready session over 5000 bales of cotton changed hands between Rs 6225 and Rs 6250, they
Published 09 Jul, 2017 12:00am
Floods threaten upcoming Ivory Coast cocoa main crop

Floods threaten upcoming Ivory Coast cocoa main crop

Flooding on cocoa plantations in top grower Ivory Coast has prevented farmers from working and killed off flowers and small pods, which could reduce the size of the upcoming main crop harvest, farmers and exporters said. Wet weather has already cut into t
Published 09 Jul, 2017 12:00am
Freight rates for VLCC to rise
Exchange

Freight rates for VLCC to rise

Freight rates for very large crude carriers (VLCCs) could rise next week on firm sentiment in the Middle East and West Africa markets but higher oil prices and fewer floating storage opportunities could cap increases, brokers said on Friday. "Middle East
Published 09 Jul, 2017 12:00am
US Plains HRW wheat bids hold steady

US Plains HRW wheat bids hold steady

Spot basis bids for hard red winter wheat held steady at terminals across the interior southern US Plains on Thursday, grain dealers said. Bids for wheat shipped to export terminals at the US Gulf firmed, rising by 5 cents per bushel. Farmer selling was s
Published 09 Jul, 2017 12:00am
Soyameal easier on European feeds market

Soyameal easier on European feeds market

Soyameal on the European meals and feeds market was mostly easier on Thursday on expectations Chicago soyameal futures would succumb to profit taking following recent sharp gains. "Most players on the European cash market believed Chicago's reaction to Fr
Published 09 Jul, 2017 12:00am
European gasoline margins higher

European gasoline margins higher

Gasoline refining margins in northwest Europe inched higher on Thursday following stock draws in the ARA hub as well as the United States. Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub dropped 4.5 percent in the week
Published 09 Jul, 2017 12:00am
Palm oil rises on European vegoils market
Vegetable Oil

Palm oil rises on European vegoils market

Palm oil on the European vegetable oils market continued to rise on Thursday on expectations for falling production in June and supported by stronger Dalian Commodity Exchange vegetable oil prices. Palm oil output in Malaysia, the world's second largest p
Published 09 Jul, 2017 12:00am
US Midwest corn, soyabean bids weaken

US Midwest corn, soyabean bids weaken

Spot basis bids for corn and soyabeans weakened at US Midwest river terminals on Thursday, pressured by higher shipping costs and reduced demand at Gulf Coast export elevators following a round of farmer selling in recent days, grain merchants said. Bids
Published 09 Jul, 2017 12:00am
Asia's naphtha recovers from nine month low

Asia's naphtha recovers from nine month low

Asia's naphtha crack recovered from a near 9-month low to a two-session high of $51.75 a tonne on Thursday but oversupply persisted, causing the fuel's front-month price to fall below that of the following month for the first time since March 13. Front-mo
Published 09 Jul, 2017 12:00am
Chinese rebar futures climb to 3-1/2-year high
Exchange

Chinese rebar futures climb to 3-1/2-year high

Chinese rebar futures climbed to their highest in nearly three-and-a-half years on Wednesday on rising concern over tighter supply after Beijing shut some low-quality steel plants to cut pollution and a production capacity glut. China, the world's largest
Published 09 Jul, 2017 12:00am
Paris wheat falls on sharp pullback in US prices
Exchange

Paris wheat falls on sharp pullback in US prices

Paris wheat futures fell on Thursday, pressured by a sharp pullback in US prices after a weather-fuelled surge, while European traders continued to assess harvest prospects. December milling wheat, the most active contract on the Paris-based Euronext exch
Published 09 Jul, 2017 12:00am
Firm part-owned by Siemens hired to help install turbines in Crimea

Firm part-owned by Siemens hired to help install turbines in Crimea

A firm part-owned by Germany's Siemens has been hired to help install electricity turbines in Crimea, a region subject to European Union sanctions barring EU firms from supplying it with energy technology, three sources close to the project told Reuters.
Published 09 Jul, 2017 12:00am
Cash-strapped Venezuela offers India's ONGC oil stake

Cash-strapped Venezuela offers India's ONGC oil stake

Cash-hungry Venezuela has offered Indian oil firm ONGC Videsh an increased stake in an oil field, according to two sources close to the proposal, as the country seeks to shore up its bruised energy industry and strengthen ties with New Delhi. State oil fi
Published 09 Jul, 2017 12:00am
Tesla wins battery contract in Australia

Tesla wins battery contract in Australia

Tesla Inc has won an Australian contract to install the world's biggest grid-scale battery in what experts say will be a litmus test for the reliability of large-scale renewable energy. Tesla CEO Elon Musk, known for his bold approach to cars, clean energ
Published 09 Jul, 2017 12:00am
Sears to close 43 more stores to cut costs

Sears to close 43 more stores to cut costs

Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition
Published 09 Jul, 2017 12:00am
Sears to close 43 more stores to cut costs

Sears to close 43 more stores to cut costs

Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition
Published 09 Jul, 2017 12:00am
World Bank launches loan programme for women entrepreneurs

World Bank launches loan programme for women entrepreneurs

The World Bank on Saturday launched a public-private loan programme aimed at providing over $1 billion to support women entrepreneurs in developing countries, a project first initiated by US President Donald Trump's daughter Ivanka Trump. The event put a
Published 09 Jul, 2017 12:00am
China FX reserves rise to eight months high in June
Exchange

China FX reserves rise to eight months high in June

China's foreign exchange reserves edged up in June for a fifth consecutive month, in line with market expectations, as capital outflows eased in the face of tighter regulations and the dollar's rally paused. Reserves rose $3.2 billion during June to $3.05
Published 09 Jul, 2017 12:00am
China's FAW to recall 680,000 more Mazda cars

China's FAW to recall 680,000 more Mazda cars

China's FAW Car Co Ltd, a partner of Japan's Mazda Motor Corp, will recall over 680,000 Mazda cars due to issues with air bags that were supplied by embattled Japanese auto parts supplier Takata Corp. The recall includes Mazda 6 vehicles manufactured in C
Published 09 Jul, 2017 12:00am
Reviving eurozone inflation still long way off: ECB's Praet

Reviving eurozone inflation still long way off: ECB's Praet

The eurozone economy still needs a long period of easy monetary policy and a shift in message that induced a market selloff last week was merely a nuanced change to reflect better growth, European Central Bank chief economist Peter Praet said. The ECB sti
Published 09 Jul, 2017 12:00am
Indonesian state firms lure foreign funds with share in future revenue

Indonesian state firms lure foreign funds with share in future revenue

Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects, as part of a presidential drive to secure $10 billion in additional inflows. The state budge
Published 09 Jul, 2017 12:00am
Indonesian state firms lure foreign funds with share in future revenue

Indonesian state firms lure foreign funds with share in future revenue

Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects, as part of a presidential drive to secure $10 billion in additional inflows. The state budge
Published 09 Jul, 2017 12:00am
Portugal's bond with China: pioneering debt sale founded on close ties

Portugal's bond with China: pioneering debt sale founded on close ties

Portugal is looking to build on its economic and cultural ties with China by becoming the first euro zone country to borrow in the $9.5 trillion Chinese bond market, potentially opening the way for other European governments. Beijing is tentatively removi
Published 09 Jul, 2017 12:00am
Portugal's bond with China: pioneering debt sale founded on close ties

Portugal's bond with China: pioneering debt sale founded on close ties

Portugal is looking to build on its economic and cultural ties with China by becoming the first euro zone country to borrow in the $9.5 trillion Chinese bond market, potentially opening the way for other European governments. Beijing is tentatively removi
Published 09 Jul, 2017 12:00am
Brazil mulls IPO for state airport agency Infraero

Brazil mulls IPO for state airport agency Infraero

The Brazilian government plans to sell shares in its airport operator Infraero through an initial public offering, potentially surrendering control of the agency, Transportation Minister Mauracio Quintella told Reuters on Wednesday.
Published 09 Jul, 2017 12:00am
Australian shares to make only modest gains

Australian shares to make only modest gains

Australian shares are expected to creep up over the remainder of the year and remain short of the 6,000-point mark, a Reuters poll found, as investors fret over an economy hobbled by massive household debt and stagnant wage growth. The benchmark S&P/ASX 2
Published 09 Jul, 2017 12:00am
Canada's main stock index at 7 months low
Exchange

Canada's main stock index at 7 months low

Canada's main stock index fell to its weakest in more than seven months on Friday as risk appetite waned on the back of North American jobs data that supported rate-hike expectations in Canada and the United States, while higher bond yields and a slide in
Published 09 Jul, 2017 12:00am
Egypt picks banks to handle first state-owned IPO in 12 years

Egypt picks banks to handle first state-owned IPO in 12 years

Egypt has picked a consortium led by CI Capital to act as lead managers and bookrunners for a stock market listing of oil company ENPPI, the country's first initial public offering (IPO) of a state-owned company for 12 years.
Published 09 Jul, 2017 12:00am
Wall Street climbs after jobs data as tech, financials rise
Exchange

Wall Street climbs after jobs data as tech, financials rise

Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a US payrolls report that gave investors more confidence in the strength of the US economy. The economy added 222,000 jobs last m
Published 09 Jul, 2017 12:00am
Philippines needs to prepare for end of global easy money

Philippines needs to prepare for end of global easy money

The Philippines' new central bank governor, Nestor Espenilla, warned of the potentially "far-reaching" impact of advanced economies' exits from their accommodative monetary policies, on his first day as the head of the bank. Espenilla, who previously head
Published 09 Jul, 2017 12:00am
Canadian dollar nears 10-month high

Canadian dollar nears 10-month high

The Canadian dollar strengthened on Friday to nearly a 10-month high against its US counterpart after stronger-than-expected domestic jobs data boosted chances of an interest rate increase by the Bank of Canada as soon as next week. Canada's economy added
Published 09 Jul, 2017 12:00am
Fog around pound lifts a bit on dimmer US dollar view
Exchange

Fog around pound lifts a bit on dimmer US dollar view

Foreign exchange strategists are now more optimistic about sterling against the dollar than they were at the start of 2017, with a majority becoming either less bearish or more bullish, a Reuters poll found on Thursday. But they were evenly split on how v
Published 09 Jul, 2017 12:00am
Dollar rises after strong US jobs report, backs Fed hike view

Dollar rises after strong US jobs report, backs Fed hike view

The dollar gained on Friday after a report showed the US economy created far more jobs than expected in June and previous months, keeping the Federal Reserve on track to raise interest rates at least one more time this year. Following the report, the doll
Published 09 Jul, 2017 12:00am
Russia to slash daily FX purchases

Russia to slash daily FX purchases

The Russian finance ministry will hugely reduce daily purchases of foreign currency for state coffers in July as its extra oil and gas revenues evaporated, the ministry said on Wednesday. The ministry would buy 74.3 million roubles ($1.24 million) worth o
Published 09 Jul, 2017 12:00am
Speculators chop net long US dollar bets to lowest since mid-May

Speculators chop net long US dollar bets to lowest since mid-May

Speculators this week slashed net long bets on the US dollar to their lowest since mid-May 2016 when investors overall had net short positions on the greenback, according to calculations by Reuters and Commodity Futures Trading Commission data released on
Published 09 Jul, 2017 12:00am
Moroccan government needs more studies on currency reform: premier

Moroccan government needs more studies on currency reform: premier

Morocco's surprise delay in announcing its proposed currency liberalisation came only because the government needed "further studies" of the plan, Prime Minister Saadeddine El Othmani said, dismissing speculation that it ran into significant problems. Las
Published 09 Jul, 2017 12:00am
China has no intention of devaluing its currency
Exchange

China has no intention of devaluing its currency

China has no intention of devaluing its currency, the yuan, to boost its competitiveness, said the head of the country's foreign exchange regulator. There is also no necessity for China to devalue its currency, Pan Gongsheng, head of the State Administrat
Published 09 Jul, 2017 12:00am
Outlook for Asian currencies brightens as Trump trade fades
Exchange

Outlook for Asian currencies brightens as Trump trade fades

The outlook for emerging Asian currencies has brightened compared to the beginning of the year, driven largely by a weaker dollar on fading expectations for major US tax cuts any time soon, a Reuters poll found. Most Asian currencies have got the better o
Published 09 Jul, 2017 12:00am
Lukaku arrested after rowdy party

Lukaku arrested after rowdy party

Manchester United-bound striker Romelu Lukaku is likely to have to spend a fraction of his extravagant salary on settling a fine in Beverly Hills after being arrested during a noisy party at his rented mansion. A Beverly Hills Police Department statement
Published 09 Jul, 2017 12:00am
Manchester United agree fee for Lukaku

Manchester United agree fee for Lukaku

Belgian international striker Romelu Lukaku is set to join Manchester United for a reported £75million ($97m, 85.5m euros), a record fee between British clubs, after the buying club announced Saturday they had reached agreement with Everton. The 24-year-o
Published 09 Jul, 2017 12:00am
Djokovic, Kerber, Muguruza and Radwanksa advance
Kerb

Djokovic, Kerber, Muguruza and Radwanksa advance

Three-time champion Novak Djokovic reached the Wimbledon fourth round for the 10th time on Saturday with a 6-4, 6-1, 7-6 (7/2) win over Ernests Gulbis of Latvia. Second seed Djokovic will play France's Adrian Mannarino for a place in the quarter-finals.
Published 09 Jul, 2017 12:00am
Archery Federation coaching course concludes

Archery Federation coaching course concludes

Week-long National Archery Coaching Course under the aegis of Pakistan Archery Federation concluded here at PSB Coaching Center on Saturday. President Pakistan Archery Federation Muhammad Wisal Khan, President KP Sports Writers Association Jehanzeb Siddiq
Published 09 Jul, 2017 12:00am
Yasir Shah to face Afghanistan at Lord's

Yasir Shah to face Afghanistan at Lord's

Pakistan leg-spinner Yasir Shah will complete an impressive international line-up when MCC face Afghanistan in the new Test nation's first match at Lord's on Tuesday. Yasir, who has taken 149 wickets in 26 Tests, has most recently been playing for Kent in
Published 09 Jul, 2017 12:00am
Cook punishes depleted South Africa

Cook punishes depleted South Africa

Alastair Cook's unbeaten fifty strengthened England's grip on the first Test at Lord's after South Africa had to toil in the field without Vernon Philander on Saturday. England were 119 for one in their second innings at stumps on the third day, a lead of
Published 09 Jul, 2017 12:00am
Benin league resumes after two years break

Benin league resumes after two years break

Top-flight football resumed in tiny west African nation Benin Saturday after a two-year absence due to power struggles between officials. Among those who attended a league fixture involving Atlantic Sharks and US Seme-Krake were state president Patrice Ta
Published 09 Jul, 2017 12:00am
Ervine blitz helps Zimbabwe draw level in ODI series

Ervine blitz helps Zimbabwe draw level in ODI series

Batsman Craig Ervine hit a quickfire 69 to help Zimbabwe pull off a four-wicket victory over Sri Lanka in the rain-shortened fourth one-day international and level the five-match series at 2-2 in Hambantota on Saturday. Chasing a Duckworth-Lewis revised t
Published 09 Jul, 2017 12:00am
Venezuela opposition leader Lopez released to house arrest

Venezuela opposition leader Lopez released to house arrest

Venezuela's most prominent political prisoner, Leopoldo Lopez, was released from jail early Saturday and placed under house arrest amid intensifying pressure on the embattled leftist government of Nicolas Maduro. "Leopoldo Lopez is at his home in Caracas
Published 09 Jul, 2017 12:00am
UK foreign minister urges Arab states to end Qatar boycott

UK foreign minister urges Arab states to end Qatar boycott

British Foreign Minister Boris Johnson on Saturday urged Arab states to end their Qatar boycott, downplaying the odds of a military escalation in the worst crisis to grip the Gulf in years. Johnson met with his Kuwaiti counterpart Sheikh Sabah Khaled Al-S
Published 09 Jul, 2017 12:00am
Philippine air strikes target high rise snipers

Philippine air strikes target high rise snipers

Snipers in high-rise buildings are the main problem facing Philippine forces battling to crush pro-Islamic State fighters who have occupied a southern city for more than a month, a military spokesman said Saturday. Lieutenant Colonel Jo-ar Herrera said th
Published 09 Jul, 2017 12:00am
US, Russia agree on ceasefire in southwest Syria

US, Russia agree on ceasefire in southwest Syria

Russia and the United States have agreed to a ceasefire in southwest Syria starting from midday on Sunday, Russian Foreign Minister Sergei Lavrov announced Friday. "Today in Amman Russian, American and Jordanian experts... agreed on a memorandum of unders
Published 09 Jul, 2017 12:00am
At least nine dead in latest attack on Kenya coast

At least nine dead in latest attack on Kenya coast

At least nine people were shot and hacked to death in Kenya's coastal Lamu County early Saturday, in the latest attack by militants in the region. Police sources said Shabaab militants were believed to be behind the killings which took place in the villag
Published 09 Jul, 2017 12:00am
Merkel says 'deep differences' with Erdogan remain

Merkel says 'deep differences' with Erdogan remain

German Chancellor Angela Merkel said Saturday that "deep differences" remain between her and Turkish President Recep Tayyip Erdogan, after they met on the sidelines of the G20 summit. She stressed however that Erdogan had engaged in the talks and that the
Published 09 Jul, 2017 12:00am
Fires prompt state of emergency in western Canada

Fires prompt state of emergency in western Canada

British Columbia has declared a state of emergency in response to forest fires that have forced the evacuation of thousands of people in Canada's westernmost province. "Given the current wildfire situation and the expected increase in wildfire activity, t
Published 09 Jul, 2017 12:00am
Equipment failings hampered London tower block fire rescue: BBC

Equipment failings hampered London tower block fire rescue: BBC

The firefighters who battled an inferno at a London apartment block that killed at least 80 people last month were hindered by equipment failings including the lack of a high ladder, the BBC reported on Saturday. More than 200 firefighters and 40 engines
Published 09 Jul, 2017 12:00am
Thousands march in London for gay Pride milestone

Thousands march in London for gay Pride milestone

Tens of thousands of people descended on London's streets on Saturday for the annual gay Pride march, marking the 50th anniversary of the decriminalisation of homosexuality in England and Wales. Armed police and strict security measures were in place to p
Published 09 Jul, 2017 12:00am
Two US bombers hold firing drills with South Korean forces

Two US bombers hold firing drills with South Korean forces

Two US supersonic bombers conducted live-fire drills on Saturday in South Korea in a show of force following North Korea's test-launch of an intercontinental ballistic missile (ICBM), the South's military said. The pair of B-1B Lancer strategic bombers fl
Published 09 Jul, 2017 12:00am
Amnesty urges leaders to stand up to Turkish rights violations

Amnesty urges leaders to stand up to Turkish rights violations

Amnesty International urged world leaders on Saturday to stand up to "hyper-nationalist" democratically elected leaders in countries including Turkey, where authorities have detained the local director and chair of the rights group. Amnesty Secretary Gene
Published 09 Jul, 2017 12:00am
Zimbabwe maize subsidy adds $118 million to mounting debt

Zimbabwe maize subsidy adds $118 million to mounting debt

Zimbabwe's budget deficit will increase by nearly $120 million this year due to a maize subsidy, Reuters calculations show, in a scheme critics of President Robert Mugabe say will be open to abuse and saddle a troubled economy with more debt. Facing an el
Published 09 Jul, 2017 12:00am
Cotton rises to over two-week highs after export sales report
Cotton

Cotton rises to over two-week highs after export sales report

ICE cotton futures rose for the third straight session to more than two-week highs on Friday after a US federal report showed strong export sales numbers for top consumer China, with prices further supported by weather-related crop woes. The December cott
Published 09 Jul, 2017 12:00am
Informa sees US 2017 corn crop at 14.166 billion bushels

Informa sees US 2017 corn crop at 14.166 billion bushels

Informa Economics raised its US 2017 corn production forecast to 14.166 billion bushels from 14.077 billion after incorporating revised acreage estimates that the US Department of Agriculture released last week, the private analytics firm said in a client
Published 09 Jul, 2017 12:00am
French wheat ratings improve, harvest slows

French wheat ratings improve, harvest slows

The condition of French soft wheat improved slightly in the week to July 3 while harvesting advanced only slowly, data from farming agency FranceAgriMer showed on Friday, suggesting the impact of rainfall following a hot, dry June. Some 66 percent of soft
Published 09 Jul, 2017 12:00am
Argentina expects higher corn yields
Exchange

Argentina expects higher corn yields

Floods have slowed corn harvesting in some parts of Argentina but the crop losses being reported in waterlogged fields have been made up for by higher-than expected yields countrywide, farmers and analysts said on Monday.
Published 09 Jul, 2017 12:00am
Hot, dry spring curbs EU wheat harvest, export prospects for 2017-18

Hot, dry spring curbs EU wheat harvest, export prospects for 2017-18

Hot, dry weather that has strained crops from Spain to Hungary could shave several million tonnes off the EU's wheat production this year, limiting scope to raise exports of the staple cereal after a disappointing past season, a Reuters poll showed. The 2
Published 09 Jul, 2017 12:00am