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Archive for  August 2004

  • Rough rice futures at the Chicago Board of Trade ended slightly firmer on Friday underpinned by commercial buying, traders said. Commercials took advantage of this week's weakness in the futures market to price grain. CBOT

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Philippine July coconut oil exports down

    Philippine preliminary coconut oil shipments slid 45 percent to 62,700 tonnes in July compared with actual exports of 114,466 tonnes in the same month last year, an industry group said on Friday. The initial numbers

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  • Malaysian tin continued to ignore price fluctuations in London, staying at $8,900 a tonne for a second day, despite a jump in the metal's value on the LME. After on Thursday's reluctance by players to

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on FAPRI sees US cotton crop of 18.8 million bales

    US cotton growers will probably harvest 18.8 million bales of cotton, which would rank as the fifth-largest crop on record, a University of Missouri think tank said Friday. The Food and Agricultural Policy Research Institute

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  • NYBOT raw sugar futures settled largely softer on Friday due to producer and speculative sales, with the trade uncertain if the sweetener will grind its way higher from here, analysts said. October sugar held its

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Soya dives on crop weather; August ends below $6

    Soyabean futures at the Chicago Board of Trade sank on Friday, pressed by easing concerns about the US Soya crop after overnight rains in Illinois and Iowa and less threatening weather forecasts for August, traders

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on New York gold strong as GDP disappoints

    Comex gold futures finished the week with strong gains after two weeks of steep declines, but because the advance was won primarily on the back of a softer-than-forecast US GDP report, traders said they were

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  • Comex copper futures ended at 11-day highs on Friday, boosted by a softer dollar in the face of weaker-than-expected US GDP data, while already low metal inventories fell further to give the market an added

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Oil prices soar to record high, gold loses lustre in world markets

    Oil prices surged to record high points last week, fuelled by fears about tight supplies amid a worsening threat of disruption to Russian exports caused by the financial crisis at Yukos. Gold prices fell to

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  • Argentine soya prices closed slightly lower on Friday, pressured by losses in Chicago's short-term futures, and trade was negligible for a third straight session, traders said. Buyers offered 481 pesos ($162) per tonne in the

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