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Archive for the February 2, 2005

  • The average price of Bangladeshi teas jumped by more than 12 percent to 92.44 taka ($1.48) per kg on higher local demand at the weekly tea auction on Tuesday, brokers said. "More than 1.13 million

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  • Rising trend persisted in the grain market on Tuesday as sugar maintained upward trend on short supply position, dealers said. On the cereals side, sugar inferior type picked up Rs 50 to Rs 2470 while

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Number of US farms down for 6th straight year: USDA

    The number of US farms declined for the sixth straight year to 2.11 million last year, down about 1 percent from 2003, due to consolidation and an aging population, the US Agriculture Department said on

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on New York coffee higher in switch-based trade

    Benchmark arabica coffee futures closed fractionally higher on Monday in switch-oriented trading that was dominated by local brokers, dealers said. Although trading was choppy, coffee prices managed to hold near the high end of a

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on New York cocoa lower on speculative sales

    New York cocoa futures settled lower on Monday, extending on Friday's losses as fund and speculative selling pressured prices amid fund rollover ahead of March cocoa's first notice day, sources said. At the New York

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  • Thai soyameal trade was active on Tuesday with importers seeking to cover February and March shipments. Argentine high-protein soyameal was at $245-247 per tonne, cost-and-freight, C&F for March shipment, unchanged from last week. Argentine low-protein

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on China skipping March soya cargoes on high US prices

    China, the world's top soya importer, is shunning high-priced March cargoes from the United States as persistent talk of bird flu in the south douses hopes for a strong recovery in poultry demand. Traders said

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Vietnam says China car policy to hit rubber sales

    Vietnam has told rubber exporters to be cautious this year as top buyer China is trying to slow the rapid growth of its car industry, the Trade Ministry said on Tuesday. It gave no details

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    • News Desk
    • Feb 2nd, 2005
    • Comments Off on Global soya demand shifts from US to South America

    Global demand for US soybeans is switching to cheaper supplies in Brazil and Argentina led by top importer China, whose purchases from the United States this season have topped initial estimates, traders said on Monday.

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  • The amount of rubber used to make tyres in Japan rose 6.3 percent in December from a year to 109,480 tonnes, data released by the Japan Automobile Tyre Manufacturers' Association showed on Tuesday. Tyres shipped

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