Archive for the February 22, 2018
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On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,238. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.739 billion and the number of lots traded was 12,107.
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Most of Ukraine's winter grain crops are in a good or satisfactory condition as of February 19, thanks to favourable weather, agriculture minister Maksim Martyniuk said on Monday. The percentage of crops in good and
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European wheat futures in Paris rose to a three-week high on Tuesday, supported by the export-boosting weakening of the euro against the dollar, but later gave up most gains as US futures turned lower. May
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Palm oil on the European vegetable oils market eased on Tuesday on slowing Malaysian palm oil export growth, which also weighed on futures. Asking prices for palm oil were between $2.50 and $10 a tonne
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The gasoline barge crack in northwest Europe rose on Tuesday as seasonal refinery maintenance is set to ramp up in next month. A recent uptick in margins was largely due to west African demand but
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The Karachi Port handled 190,092 tonnes of cargo comprising 118,469 tonnes of import cargo and 71,623 tonnes of export cargo including 9,315 loaded and empty containers during the last 24 hours ending at 0700 hours
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Some leading spinners showed interest in fresh buying of quality lint on the cotton market on Wednesday, which helped prices to recoup early losses, dealers said. The official spot rate managed to keep last level
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ICE Canadian canola futures rose on Tuesday to a nearly three-month high, helped by a weaker Canadian dollar and strength in US soya markets. March canola added $2.20 to end at $505.30 per tonne. May
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Chicago Board of Trade soyabean futures jumped on Tuesday on spillover strength from soyameal, which rallied to a 19-month high on a damaging drought in Argentina, traders said. CBOT March soyabeans finished 5 cents higher
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The dollar inched higher on Wednesday as the near-term focus shifted to the minutes of the Federal Reserve's last policy meeting for hints on the future pace of US monetary tightening. The dollar index rose
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