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Archive for the October 29, 2005

  • Thai December rice futures slipped on Friday due to stop-loss orders in reaction to a forecast fall in futures prices, tracking a similar decline in the physical market, brokers said. "Players wanted to stop losses

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    • News Desk
    • Oct 29th, 2005
    • Comments Off on EU lowers wheat export subsidy, volume steady

    The European Union lowered its wheat export subsidy slightly on Thursday to a maximum of 7.49 euros, down almost one euro from last week, but the amount covered was little changed at 435,000 tonnes. French

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  • Wheat futures on the Chicago Board of Trade rallied to close higher on Thursday, following a late surge in the Kansas City market on hopes of continued sales of US wheat to Iraq, traders said.

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  • US FOB Gulf corn and soyabean basis offers were mostly steady on Thursday, supported by export demand, especially for corn, traders said. Barge freight bids for shipment this week were lower on the Illinois and

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    • News Desk
    • Oct 29th, 2005
    • Comments Off on Cotton market turns soft despite mills buying

    Soft tone was seen on the cotton market on Friday as ginners were ready to decline asking prices under the circumstances, dealers said. The official spot rate maintained its overnight level at Rs 2350, without

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    • News Desk
    • Oct 29th, 2005
    • Comments Off on Brazil coffee farms set for wet weekend

    A low pressure system will bring some heavy rain to coffee plantations in south Minas, Mogiana and Sao Paulo state this weekend, independent meteorologist Somar predicted Friday. South Minas, Brazil's prime coffee area, is expected

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  • Grain and oilseed markets remained closed on Friday on account of Jummah-tul-Wida. Copyright Business Recorder, 2005

    • News Desk
    • Oct 29th, 2005
    • Comments Off on Renault raises stake in Moroccan assembly plant

    French Renault raised its stake in Moroccan car assembler Somaca to 66 percent after buying the state's remaining 12 percent stake, the finance and privatisation ministry said on Friday. The deal, worth 30 million dirhams

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    • News Desk
    • Oct 29th, 2005
    • Comments Off on China not to widen yuan-dollar band soon

    China's central bank said on Tuesday it had no immediate plan to expand the yuan's trading band, contrasting with comments from a bank adviser that a rise in the yuan was inevitable and the band

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    • News Desk
    • Oct 29th, 2005
    • Comments Off on Hungary restarts airport sale, strike threatened

    Hungary's state privatisation agency (APV) launched a single-round closed tender for Budapest Airport on Friday, just nine days after cancelling a previous sales attempt. However, one of the airport workers' unions said it continued to

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