Malaysian palm oil futures gained on Friday, boosted by concerns that production would be hit by year-end monsoon and expectations of higher imports by China. The year-end monsoon season in palm producing Southeast Asian countries brings heavy rains and floods,…
Pakistan Association of Automotive Parts and Accessories Manufactures has raised concern over the collapse of tractor sales resulting in the closure of Millat Tractors, AGTL and 300+ vending industry located in the Lahore and Karachi vicinity and associated with this…
KP Chief Minister Pervez Khattak has said that he still stuck to his clear stance on Kalabagh Dam issue and expressed the apprehension that not only entire Peshawar Division would sink but the whole province would also badly suffer if…
Export premiums for soyabeans shipped from the US Gulf Coast held steady on Wednesday on light to moderate demand from China for near-term shipments, but values were capped by expectations for an increase in shipments from Argentina, traders said. Argentina…
India’s wheat planting has been delayed by at least a week due to high temperatures, threatening its output of the grain yet again after hailstorms during harvest earlier this year dragged down annual production levels for the first time since…
Chicago wheat futures fell to a 2-1/2-month low on Friday, pressured by expectations of big deliveries next week and strength in the US dollar, during a shortened trading session after the Thanksgiving holiday. Expectations of big wheat deliveries, starting with…
ICE Canadian canola rose on Tuesday, halting a five-day skid, on short-covering and strength in soyoil. January canola added $3.70 at $464.60 per tonne. March canola climbed $3.40 to $471.10 per tonne. January-March spread traded 4,256 times. Chicago January soybeans…
India’s rapeseed output looks likely to fall this year as poor soil moisture and higher temperatures drag down the acreage planted, making higher imports of expensive vegetable oils by the world’s top buyer inevitable, trade and industry officials say. Planting…
Malaysian palm oil futures rose on Friday for a third successive session to the highest in 2-1/2 weeks, tracking gains in other vegetable oils and supported by expectations of lower output. Palm traders say the onset of the monsoon season…
On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 2,562 million. The number of lots traded was 11.9 million. PMEX Commodity Index closed at 2,583. Major business was contributed by gold amounting to PKR 2,100 million followed by…
