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Agri News

November, 2015

  • 4 November

    Wheat falls most in two months

    Chicago wheat futures fell nearly 3 percent on Monday, the most in two months, as rain in dry US areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high. Traders were awaiting US government crop data later on Monday to …

  • 4 November

    US MIDDAY: wheat rises

    Wheat prices rose about 1.4 percent early on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 percent a day earlier was overdone, traders said. Corn and soyabeans were also higher, supported by firm US cash markets. At the Chicago Board of Trade as of …

  • 4 November

    ICE sugar soars

    Raw sugar futures on ICE jumped to a nine-month high on Tuesday, on fund buying and commercial short-covering after the prior session’s breach of the key 15-cent level, while the spot robusta coffee spread widened to a contract low. Coffee futures rose, as traders eyed continued dry weather in a …

  • 4 November

    Palm oil drops

    Malaysian palm oil fell on Tuesday, stretching its losses into a third session, due to rising stocks and slowing demand from key importing nations. The January benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed 0.9 percent lower at 2,309 ringgit ($539.36) a tonne by the end of …

  • 4 November

    ‘Locally manufactured tractors 54 percent cheaper than imported ones’

    Locally manufactured tractors are 54 percent cheaper than imported tractors, said Abdul Waheed Khan, Director General Pakistan Automotive Manufacturer’s Association (PAMA). “One locally produced tractor is around 54 percent cheaper as it is available at $7,000 and the tractor with same quality is available at $13,000 in international market,” he …

  • 4 November

    CBOT wheat futures fall on profit-taking

    Chicago Board of Trade wheat futures fell nearly 3 percent on Monday on profit-taking after Friday’s three-week high and expectations that recent rains in the US Plains and Midwest improved winter wheat conditions, traders said. Spot CBOT December wheat fell about 2.7 percent, the most in two months, dropping through …

  • 2 November

    Bunge quarterly income and revenue fall

    Grain trader Bunge Ltd reported a lower quarterly profit on Thursday as weaker results in its sugar, fertiliser, and food and ingredients units overshadowed gains in the core agribusiness division. Bunge, a major player in South America, pointed to low sugar prices and “extremely low consumer confidence” in Brazil and …

  • 2 November

    Goldcorp reports bigger loss on writedown, weaker prices

    Goldcorp Inc, the world’s biggest gold miner by market value, reported a bigger third-quarter loss and missed estimates, as an inventory writedown and declining bullion prices offset lower costs and a 42 percent jump in production. The Vancouver-based miner on Thursday also confirmed its 2015 forecast for production at the …

  • 2 November

    Ornamental fish culture: course starts today

    A course on “Ornamental Fish Culture” is scheduled to be held at Fisheries Research & Training Institute Lahore from 2nd November to 4th November 2015. The course is for women only. During the course, participants will be trained in the culture practices of important ornamental fish and making of the …