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Archive for  January 2010

    • News Desk
    • Jan 31st, 2010
    • Comments Off on Rain to hurt quality of Brazil coffee crop

    The 2010 coffee harvest in world top grower Brazil is developing unevenly as a result of unusually heavy rain but measures to avert a resulting dip in quality are not economically viable, producers said this

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  • US cocoa futures finished weak Friday, hit by the weak pound and a lack of buying interest, and showing signs of falling deeper, traders said. Benchmark March cocoa contract dropped $76 or 2.3 percent to

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  • Raw sugar futures settled higher on Friday as the market hit another 29-year high, with analysts saying the sweetener's outlook was strong going into next week, given its bullish fundamentals. March contract climbed 0.90 cent

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  • US rice futures on the Chicago Board of Trade climbed 2 percent on Friday on rumoured export business, bucking a weaker trend that encompassed grains and most other commodities, traders said. Traders said talk of

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  • Arabica coffee futures closed at a two-and-a-half month low for the third straight day Friday, on pressure from the strong dollar and a weak technical picture, traders said. Arabica coffee futures for benchmark March delivery

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    • News Desk
    • Jan 31st, 2010
    • Comments Off on Economy concerns, stronger dollar hit commodity prices

    Commodity prices mainly fell this week on worries about the global economic outlook but sugar rocketed to a multi-year high on tight supplies, traders said. "Commodities have experienced a turbulent week, caught in the whirlwinds

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    • News Desk
    • Jan 31st, 2010
    • Comments Off on Canada’s economy picks up speed in November

    Canada's economic recovery picked up speed in November and stronger-than-expected growth fuelled expectations of a frothy fourth quarter, although likely still below that reported in the United States on Friday. Statistics Canada said gross domestic

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    • News Desk
    • Jan 31st, 2010
    • Comments Off on Chile’s 2009 fiscal deficit biggest on record

    Chile's fiscal deficit measured 4.5 percent of the gross domestic product in 2009, the government said on Friday, its biggest deficit on record and well above an estimated 3.6 percent for the year. Budget Director

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    • News Desk
    • Jan 31st, 2010
    • Comments Off on China vehicle sales growth to slow this year

    Growth in vehicle sales in China could see a large slowdown this year compared with 2009 due to the robust growth-rate of that year, but sales will still be strong, a state-run newspaper said on

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    • News Desk
    • Jan 31st, 2010
    • Comments Off on Saudi Alsorayai to raise $65 million from February IPO

    Saudi-based floor covering manufacturer Alsorayai Trading and Industrial Group will raise 243 million riyals ($64.8 million) from an initial public offering that starts Monday, the IPO's financial adviser said. "We priced the shares at 27

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