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Archive for  December 2012

    • News Desk
    • Dec 16th, 2012
    • Comments Off on New York cotton rises as thin technical buying continues

    Cotton prices closed slightly higher on Friday as thin technical buying held fibres above a key support level and allowed the market to notch up gains for a third straight week. Remaining close to six-week

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    • News Desk
    • Dec 16th, 2012
    • Comments Off on Speculators slash net long stake in corn

    Large speculators slashed their bullish bets on corn during the week ended on Tuesday as sluggish export demand for US supplies drove prices to a three-week low, regulatory data released on Friday showed. Non-commercial traders,

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  • India's PEC Ltd has bought 11,000 tonnes of refined, bleached and deodorised (RBD) palmolein at $812.12 per tonne for delivery in the current month, two trade sources said on Friday, almost same as the last

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    • News Desk
    • Dec 16th, 2012
    • Comments Off on Vietnam lowers rice prices to compete with India

    Vietnam has been vying with India to sell more rice this week by cutting prices to attract buyers in a largely inactive market ahead of the year-end holidays, traders said on Wednesday. Vietnamese 5-percent broken

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    • News Desk
    • Dec 16th, 2012
    • Comments Off on Brazil cane crop seen improved but sugar, ethanol flat

    Brazil's main sugar cane crop is likely slightly larger than was last estimated in August but will lack the yields to add much additional raw sugar or ethanol for export, according to a Reuters poll

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  • Vietnam's coffee exports in November soared 72.6 percent from a year earlier to 122,000 tonnes, or 2.03 million bags, the Vietnam Customs department said on Thursday, higher than market expectations and the government's preliminary estimate.

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    • News Desk
    • Dec 16th, 2012
    • Comments Off on Ukraine exports 13 million tonnes of grain

    Ukraine's grain exports totalled 13.0 million tonnes as of December 14 and are likely to reach 14.3 million tonnes in the coming weeks, Ukraine's Agriculture Ministry said on Friday. The ministry said in a statement

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    • News Desk
    • Dec 16th, 2012
    • Comments Off on New York gold under $1,700 on fiscal worry, thin holiday trade

    Gold held below $1,700 an ounce on Friday, finishing steady on the day but down for a third week, hampered by thin holiday season trading and uncertainties over stalled US budget negotiations. Silver finished the

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    • News Desk
    • Dec 16th, 2012
    • Comments Off on Commodities diverge amid fresh Fed stimulus

    Global commodity markets witnessed contrasting fortunes this week, as investors tracked more Federal Reserve stimulus measures, the weak dollar, eurozone debt tensions and broadly upbeat economic data. Most commodities were lifted after the US central

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  • Equally despicable is the conduct of the chiefs of the contesting political parties who, like the toothless Election Commission, have thus far taken no action against their delinquent party candidates for their wanton disregard of

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