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…
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…
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…
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…
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…
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…
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…
