Archive for  February 2005
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Kenya's weekly tea auction suffered a serious lack of demand this week pushing prices lower, as buyers from its largest tea market Pakistan stayed away, traders said on Wednesday. Traders said about 18 percent of
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Oil prices held steady on Wednesday as traders awaited key inventory data in the United States, the world's biggest energy consumer, and a fresh outlook on the US economy from the Federal Reserve. US light
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Tokyo rubber futures rebounded from a one-week low on Wednesday, as investors hunted for bargains on the view that the market's medium-term upturned remained intact. The market also drew strength from the yen's drop against
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Raw sugar futures finished higher on Tuesday on fund buying and trade purchases believed linked to talk of further consumer interest in the sweetener, brokers said. The New York Board of Trade's March raw sugar
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Pakistan, whose robust demand keeps the sugar market alive, is set to strike more deals this week, while neighbouring India shows some restraint for the sweetener because of ample stocks. Pakistan has booked more than
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The Chicago Board of Trade soyabean market closed slightly lower in the front months on Tuesday after a choppy session driven by technical type moves, traders said. The top four contracts closed 1/4 to 1-1/4
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Chicago Board of Trade rough rice futures fell on Tuesday on a technical setback after climbing for the past week as funds covered short positions, traders said. March rice closed 5-1/2 cents lower per hundredweight
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Paddy prices in Vietnam may ease by the end of this month as the ongoing crop harvest accelerates toward its peak, but prices would rise next month if Vietnamese exporters win a rice tender in
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Malaysian palm oil rebounded from lows to end virtually flat on Wednesday as short-covering emerged after knee-jerk selling sparked by new import tariffs in top destination India. The crude palm oil futures market fell 1
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Standard Chartered Chief Executive Mervyn Davies said the Asia-focused bank wanted to stay independent as it reported 2004 profit in line with market expectations on Wednesday. Pretax profit for the year to December 31 rose
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