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Study linking GM corn to cancer PARIS: A controversial study that linked genetically modified corn to cancer in lab rats is a "scientific non-event," six French scientific academies said in a joint statement on Friday.   "This work does not enable any reliable conclusion to be drawn," they said, adding that the affair helped "spread fear among the public."   The statement, signed by the national academies of agriculture, medicine, pharmacy, science, technology and veterinary studies, was sparked by research published in September that said rats fed with GM corn or doses of Roundup herbicide developed tumours.   Copyright AFP (Agence France-Presse), 2012 ...

Russian grain stocks down 26.2 pct y/y  MOSCOW: Grain stocks at Russia's large farms and processors stood at 35.8 million tonnes on Oct. 1, the state statistics office said on Friday, down 26.2 percent from the previous year after a drought savaged the crop.   The stocks were down nearly 1/3 in the key exporting regions of Russia's south, at 6.83 million tonnes, and 9-12 percent down in central European Russia and the northwest, where the key population centres are located. Copyright Reuters, 2012 ...
Copper pressured by weak euro, Chinese demand uncertainty  LONDON: Copper slipped on Friday, hurt by a weak euro on concerns about the euro zone debt crisis and uncertainty about the outlook for demand from top user China.   Three-month copper on the London Metal Exchange (LME) traded at $8,124 a tonne in official rings, down from the previous close at $8,220.   The euro retreated from the top of its recent trading range against the dollar as a perceived lack of progress on a Spanish bailout request ...
ICE cocoa jumps after N. American grind, sugar eases  LONDON: ICE cocoa futures jumped on Friday after North American grind data fell by less than expected, while raw sugar dipped, as dealers focused on prospects for increased centre-south Brazilian cane output next season.   ICE arabica coffee edged higher, with upside potential capped by new crop Brazilian supplies, while Liffe robusta coffee firmed, supported by a drop in certified stocks.   Cocoa futures rose after North American third-quarter grind data, a leading measure of demand, fell by slightly ...
Tunisia tenders to buy 50,000 T durum wheat  PARIS: Tunisia's state grains agency has issued an international tender to purchase 50,000 tonnes of durum wheat, European traders said on Friday.   The origin was optional and the bidding deadline was Friday, they said.   The grain was for shipment between Nov. 20-Nov. 30 and Dec. 1-Dec. 10, 2012, depending on the origin.   Copyright Reuters, 2012 ...
ICE coffee sinks to 6-week low, cocoa rebounds  LONDON: Arabica coffee prices fell to a six-week low on Thursday as ample supplies kept the market under pressure and caused a continued build-up in exchange stocks, while cocoa was firmer and sugar slid.   Dealers said the technical outlook for arabica coffee futures deteriorated after the market broke below support.   Benchmark December futures closed 2.90 cents, or 1.8 percent, lower at $1.5860 per lb. The contract hit $1.5715 earlier in the session, the lowest level for the ...
European vegoils jump on weather worries  ROTTERDAM: The European vegetable oil market jumped on Thursday, along with gains in futures markets, due to fears of drought in the United States and Australia and floods in Malaysia.   * "Fire and water pushed prices up as drought could cut wheat crops in Australia and the US, and the rainy season in Asia could reduce palm oil production. The European cash market followed the trend in futures, but buyers were still reluctant to buy (at) ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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