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Archive for the December 30, 2005

  • Despite record mills consumption in Pakistan envisged to be as high as 16 million bales of domestic size (165 kgs/170 kgs) this year (2005-06) cotton prices have mostly maintained an easy _expression. Ginners are said

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  • Sales at chain stores rose in the week before Christmas, retailers said on Wednesday, with last-minute shoppers and the late Hanukkah holiday boosting the bottom line. However, some retailers said most transactions took place on

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on MGE wheat ends higher on technical buying by funds

    Spring wheat futures on the Minneapolis Grain Exchange closed higher on Wednesday on technical fund buying and momentum from the fund-driven rallies in the Chicago and Kansas City wheat markets, traders said. "Kansas City supported

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on New York coffee extends seven-week high

    US coffee futures edged up on Wednesday, with follow-through speculative buying and limited origin sales extending the benchmark contract's 7-week high reached in the previous session, market sources said. The New York Board of Trade's

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on New York cocoa futures boosted by speculative buying

    US benchmark cocoa futures finished up 1.6 percent on Wednesday, lifted by speculative buying and a lack of producer sales in an otherwise quiet trading session, market sources said. The New York Board of Trade's

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on Comex copper rises in quiet speculative business

    US copper futures managed to eke out a modest gain at the close on Wednesday as speculators bought the market on the dip while paying little attention to news of a possible strike at Chile's

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on Tokyo gold extends gains on weaker yen, technical

    Tokyo gold futures extended gains on Thursday to the highest level in more than two weeks, buoyed by a weaker yen against the dollar and positive fundamental and technical signals for the yellow metal, brokers

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on Gold in New York up sharply on year-end fund buying

    Gold futures in New York rallied to a two-week high on Wednesday, powered by fund and investor buying due to upbeat technical and fundamental signals for the metal heading into 2006, traders and analysts said.

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    • News Desk
    • Dec 30th, 2005
    • Comments Off on Gold rises further in Asia on strong dollar

    Gold rose a further $3 an ounce on Thursday despite a rise in the dollar as investors bet that bullion's recent strength would continue as the year drew to a close. Spot gold at $516.50/$517.25

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  • Shanghai copper futures slid on Thursday as investors cashed out of a week-long rally during which contracts hit repeated record highs, offsetting the impact of gains on the London Metal Exchange. Shanghai's most active March

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