Browsing Tag

commodity

WGA urges government to form ‘Commodity Export Board’

January 25, 2015 - Zahid Baig - BR Report - Wheat Growers Association (WGA) welcoming the government decision of allowing export of wheat and wheat products by giving a subsidy of Rs 6 billion has proposed that the government should constitute a 'Commodity Export Board' with the representation of public and private sector on it which should take decisions of export of any agricultural commodity in future. Wheat Growers Association (WGA) President Chaudhry Hamid Malhi while talking to…

China sets stage for opening commodity futures to foreign investors

January 06, 2015 - Reuters - China has published draft rules to allow foreign investors to trade in some of the country's commodities futures, potentially paving the way for an imminent opening of a booming market as Beijing looks to increase its sway on global commodity pricing. China is the top global consumer of raw materials and has some of the most liquid commodities futures markets. Although trading firms around the world are eager to access the country's commodity…

Depressed commodity prices to impact agricultural growth

Dec 29, 2014 - Ahmad Fraz Khan - Everyone is concerned about agricultural growth prospects during 2015. They cite three factors: poverty (as a majority of farmers are unable to invest in crops), the confusion about the federal and provincial governments’ jurisdictions, and climatic changes that make the production cycle uncertain. The farmers have lost money on almost all major crops — cotton, rice, cane and wheat during 2014; in many cases they were not able to recover even cost of…

Commodity prices retreat; metals remain dull

May 04, 2014- AFP The price of crude oil and metals came under pressure last week as investors took their lead from mixed updates on the US economy and the escalating Ukraine-Russia crisis. OIL: Oil prices retreated on easing supply strains, despite a worsening situation over Ukraine. Ukraine, a major conduit for Russian natural gas exports to western Europe, is monitored closely by investors who are concerned that a full-scale armed conflict will disrupt supplies and send…

China March commodity imports resilient despite slowing economy

April 20, 2014 China's imports of iron ore and copper soared in March from the previous month in anticipation of higher seasonal demand in the world's top metals consumer, though crude oil shipments dropped after three months of high inbound volumes. The double-digit monthly gains in iron ore and copper shipments came even as China posted weak trade data, raising doubts whether the high commodity import levels are sustainable and reinforcing forecasts that the world's second-largest…

Commodity operations: stock of loans reaches Rs 378.3 billion

March 29, 2014 With a net retirement of Rs 89.4 billion during first half of the year, the outstanding stock of loans for commodity operations reached Rs 378.3 billion by end-December 2013. According to SBP's quarterly report the net retirement in H1FY14 was more than double the amount of Rs 38.8 billion retired in the same period last year. Moreover, unlike previous year when retirement was entirely driven by the repayment of wheat loans, the net retirement in H1FY14 was broad-based.…

New Zealand business confidence skyrockets to near 15-year high: Commodity

December 19, 2013 New Zealand businesses were at their most confident in nearly 15 years in December, driven by high commodity prices and stronger domestic activity, an ANZ Bank survey showed on Wednesday. The survey's headline measure of sentiment showed a net 64.1 percent of respondents expected the economy to improve over the year ahead, from a net 60.5 percent optimism level in the previous survey. It was the highest confidence level since February 1999. The monthly business…

New Zealand commodity prices rise in October

November 10, 2013 Prices for New Zealand's main commodities rose to their highest in five months in October, driven by solid gains for wool, meat, and some dairy produce, although a rise in the exchange rate dented local returns, the ANZ Bank's commodity price index showed on Monday. The index rose 1.3 percent from September, to be 22.9 percent higher than a year ago. The index is 1.8 percent below a record high touched in April. In New Zealand dollar terms, the index fell 0.6 percent…

Morgan Stanley trims third quarter commodity trading risk

October 20, 2013 Morgan Stanley trimmed its commodity trading risk in the third quarter from the previous quarter, the bank reported on Friday, but held its position as the Wall Street firm with the most money at play in the sector. Value-at-Risk (VaR) in commodities stood at $20 million in the third quarter, down from $24 million in the second quarter and unchanged from the third quarter of 2012. That compares with $17 million for Goldman Sachs and $13 million for J.P. Morgan Chase &…

Commodity prices diverge amid US shutdown

Saturday, 05 October 2013 LONDON: Commodity prices diverged this week as traders largely reacted to the US government shutdown and its likely impact on the global economy. OIL: Crude futures gained over the week as the dollar weakened heavily, in particular against the euro. "Oil prices have held up relatively well in the last days against a background of the ongoing budget dispute in the USA, the easing of geopolitical risks and a marked increase in US crude oil stocks," said…

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