Trends - sugar market - Business Recorder

sugar market

All is quiet on the sugar front

All is quiet on the sugar front. At a time when reports of a demand slowdown should have put prices in reverse gear,...

Published 28 Mar, 2024 10:49am

BR Research

CY24: sugar to retail above Rs200?

Amid the 30+ percent average inflation during the calendar year 2023, the rise in sugar prices may have been one of...

Published 22 Dec, 2023 09:00am

Editorials

The complicated truth about sugar

EDITORIAL: Finally, the story of long simmering tensions between the Punjab government and sugar mills has a happy...

Published 19 Sep, 2023 06:31am

Punjab to provide cheaper sugar at utility stores

LAHORE: The Punjab government has decided to provide cheap sugar at utility stores across the province, it emerged...

Updated 17 Sep, 2023 09:23am

Markets

Sugar output in India’s Maharashtra set to fall to lowest

MUMBAI: Sugar output in Maharashtra, India’s top producing state, is likely to fall 14% in the 2023/24 crop year ...

Published 15 Sep, 2023 06:59am

Business & Finance

Sugar mills: LCCI urges govt to re-introduce track- and-trace system

LAHORE: Welcoming the steps being taken by the government to discourage the smuggling of sugar, the Progressive ...

Published 11 Sep, 2023 06:32am

Wholesale market: Sugar price jumps to Rs6,000/50kg bag in a month

ISLAMABAD: Sugar price is witnessing an unexpected increase as within a month sweetener price in the wholesale ...

Updated 09 Apr, 2023 11:00am

Business & Finance

Philippines envoy says her country could become potential sugar market

FAISALABAD: The Philippines may become a potential sugar market for Pakistan, said Her Excellency Madam Dan Erwin C....

Published 02 Mar, 2023 06:23am

Markets

Raw sugar prices slip after setting 6-year record

LONDON: Raw sugar futures fell back on Wednesday after climbing to a six-year peak while arabica coffee futures also...

Published 02 Feb, 2023 06:12am

Business & Finance

Export of refined sugar: govt, PSMA fail to reach decision

ISLAMABAD: Pakistan sugar industry is eyeing earning an estimated profit of Rs35 billion by exporting one million...

Updated 30 Nov, 2022 09:54am

Experts for determining sugar prices by market forces

ISLAMABAD: The price of sugar should be determined by market forces instead of being fixed by the government. This...

Updated 21 Oct, 2022 09:43am

Markets

ISO forecasts global sugar surplus in 2022/23 season

LONDON: The International Sugar Organization (ISO) on Wednesday forecast a global sugar surplus in the 2022/23...

Published 31 Aug, 2022 08:18pm

Markets

Indian traders jump the gun with sugar export deals

MUMBAI: Indian traders have signed deals to export 300,000 tonnes of raw sugar in the coming season as advantageous...

Published 30 Aug, 2022 05:52pm

Markets

Brazil mills cancel sugar export contracts

SAO PAULO: Brazilian sugar cane mills are cancelling some sugar export contracts and diverting production to ethanol...

Published 18 May, 2022 05:54am

Markets

Raw sugar futures fall as crude oil prices weaken

LONDON: Raw sugar futures were lower on Tuesday, extending a retreat from last week’s five-month peak, dragged down...

Published 19 Apr, 2022 06:40pm

Markets

Cocoa futures jump, sugar down

NEW YORK/LONDON: Cocoa futures on ICE rose sharply on Friday as the market appeared oversold after a recent weakness...

Published 09 Jan, 2022 07:05am

Body on fixing retail price of sugar reconstituted

ISLAMABAD: The federal government has reconstituted appellate committee on fixation of retail price of sugar, after...

Published 01 Oct, 2021 03:10am

Markets

Arabica coffee hits highest in more than 2 weeks; sugar, cocoa fall

December New York cocoa fell 1% to $2,588 a tonne
October raw sugar, which expires on Sept. 30, fell 1.6% to 19.18 cents per lb
December arabica coffee rose 1.1% to $1.9560 per lb

Updated 24 Sep, 2021 06:29pm

Markets

Robusta coffee climbs to four-year high, sugar slips

LONDON: Robusta coffee futures on ICE rose to a four-year high on Friday as a pick-up in demand and disruptions to...

Published 18 Sep, 2021 04:02am

Markets

Robusta coffee climbs to four-year high, sugar slips

December New York cocoa rose 0.04% to $2,658 a tonne
October raw sugar was down 1.9% at 19.12 cents per lb
November robusta coffee rose 0.2% to $2,111 a tonne

Published 17 Sep, 2021 08:16pm

Markets

White sugar gains ahead of expiry, raw sugar also up

LONDON: White sugar futures on ICE rose on Tuesday after closing up 4% in the prior session as traders look to lock...

Published 15 Sep, 2021 04:19am

Markets

Robusta coffee sets 4-year high, arabica also up

December New York cocoa fell by $18, or 0.7%, to $2,605 a tonne
October raw sugar rose by 0.12 cents, or 0.6%, to 19.80 cents per lb
November robusta coffee rose by $28, or 1.4%, to $2,022 a tonne

Updated 27 Aug, 2021 07:13pm

Pakistan

SAPM raises questions over PSMA role for manipulating sugar market

LAHORE: Expressing reservations over the role of Pakistan Sugar Mills Association (PSMA), Special Assistant to Prime...

Published 16 Aug, 2021 06:57am

Pakistan

FIA arrests sugar market broker

KARACHI: Federal Investigation Agency Thursday arrested a major sugar market broker involved in artificial hike in...

Published 30 Jul, 2021 05:10am

Pakistan

Pakistan gets offers in 100,000 tonnes white sugar tender

Lowest offer was believed to have been submitted by Al Khaleej Sugar.
Only one other offer in the tender was reported, from Wilmar at $534.40 a tonne c&f

Updated 28 Jun, 2021 07:11pm

Markets

Sugar, coffee, cocoa slide as wider financial markets under pressure

July raw sugar fell 1.3% to 16.21 cents per lb.
September arabica coffee fell 1.8% to $1.4920 per lb, having touched its weakest since mid-May at $1.4910.

Published 21 Jun, 2021 05:49pm

Markets

Arabica heads back towards four-year highs on tightening supplies

July London cocoa rose 0.1% to 1,631 pounds per tonne.
July arabica coffee rose 0.5% to $1.5175 per lb, having set a four-year peak of $1.5365 on Thursday.

Updated 21 May, 2021 08:06pm

Markets

Raw sugar edges higher, arabica coffee also up

July raw sugar rose by 0.05 cent, or 0.3%, to 17.01 cents per lb.
July arabica coffee was up 0.05 cent, or 0.03%, at $1.4505 per lb.
July London cocoa rose by 22 pounds, or 1.3%, to 1,711 pounds a tonne.

Published 17 May, 2021 08:20pm

Markets

Pakistan delays decision in 50,000 tonnes sugar tender

The tender had closed on Tuesday and the lowest offer was reported to be $447 a tonne c&f.
The Pakistan government in July 2020 approved sugar imports to meet a shortage and cool prices after production fell below consumption levels.

Published 30 Apr, 2021 05:28pm

Markets

Arabica coffee heads back towards four-year peak

July arabica coffee rose 1% to $1.4445 per lb.
- Rust resistant plant varieties account for just over 84% of Colombia's coffee crops, with susceptible varieties making up the remaining 16%.

Published 30 Apr, 2021 05:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 14	284.77
USD PKR Interbank Buying / Jul 14	284.52
USD to Japanese Yen / Jul 14	147.66
USD to Swiss Franc / Jul 14	0.80
Pound Sterling to USD / Jul 14	1.34
Euro to USD / Jul 14	1.17
UK LIBOR % / Jul 14	4.96

Stock	Volume
S&P 500 / Jul 14	6,268.56
India Sensex / Jul 14	82,253.46
Tokyo Nikkei / Jul 14	39,502.44
Nasdaq / Jul 14	20,640.33
Hang Seng / Jul 14	24,238.51
FTSE 100 / Jul 14	8,998.06
Dow Jones / Jul 14	44,459.65
Germany DAX 30 / Jul 14	24,160.64
France CAC40 / Jul 14	7,808.17

Item	Value
Crude Oil USD/Barrel / Jul 14	66.60
Karachi Cotton PKR/37.32 KG / Jul 14	16,585
Gold 10 Grams PKR / Jul 14	308,384
Gold Spot USD/Ounce / Jul 14	3,357.40
Cotton US¢/pound / Jul 14	67.96
Petrol/Litre / Jul 15	266.79
Diesel/Litre / Jul 15	272.98

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jul 15 First Fidelity Leasing Modaraba(FFLM)	4.70 ▲ 0.89 (23.36%)
PICIC Ins.Ltd. / Jul 15 PICIC Insurance Limited(PIL)	5.25 ▲ 0.84 (19.05%)
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	7.72 ▲ 1 (14.88%)
Tri-Star Power / Jul 15 Tri-Star Power Limited(TSPL)	8.40 ▲ 0.81 (10.67%)
Cres.Star Ins. / Jul 15 Crescent Star Insurance Limited(CSIL)	4.79 ▲ 0.45 (10.37%)
Safe Mix Con.Lt / Jul 15 Safe Mix Concrete Limited(SMCPL)	24.48 ▲ 2.23 (10.02%)
DH Partners / Jul 15 DH Partners Limited(DHPL)	43.31 ▲ 3.94 (10.01%)
Ask.Gen.Insur. / Jul 15 Askari General Insurance Company Limited(AGIC)	47.47 ▲ 4.32 (10.01%)
EMCO Industries / Jul 15 Emco Industries Limited(EMCO)	49.12 ▲ 4.47 (10.01%)
Nets Internat.Comm. / Jul 15 Nets International Communication Limited(GEMNETS)	37.68 ▲ 3.43 (10.01%)

Stock	Price
First IBL Mod. / Jul 15 First IBL Modaraba(FIBLM)	5.65 ▼ -0.6 (-9.6%)
Karam Ceramics / Jul 15 Karam Ceramics Limited(KCL)	193 ▼ -19.23 (-9.06%)
First Imrooz Mod. / Jul 15 First Imrooz Modaraba(FIMM)	182.25 ▼ -17.41 (-8.72%)
Fazal Cloth / Jul 15 Fazal Cloth Mills Limited(FZCM)	389 ▼ -36.64 (-8.61%)
Burj Clean Energy Modaraba / Jul 15 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.01 ▼ -0.99 (-8.25%)
National Silk / Jul 15 The National Silk & Rayon Mills Limited(NSRM)	142.10 ▼ -11.21 (-7.31%)
Stylers International / Jul 15 Stylers International Limited(STYLERS)	43.10 ▼ -3.32 (-7.15%)
Adam Sugar / Jul 15 Adam Sugar Mills Limited(ADAMS)	60.20 ▼ -4.07 (-6.33%)
First Dawood Prop. / Jul 15 First Dawood Properties Limited(FDPL)	5.20 ▼ -0.35 (-6.31%)
Parmount Sp. / Jul 15 Paramount Spinning Mills Limited(PASM)	5 ▼ -0.32 (-6.02%)

Stock	Volume
Trust Mod. / Jul 15 Trust Modaraba(TRSM)	44,547,951 ▲ 1
K-Electric Ltd. / Jul 15 K-Electric Limited(KEL)	41,597,507 ▲ 0.04
B.O.Punjab / Jul 15 The Bank of Punjab(BOP)	39,337,714 ▲ 0.19
Cres.Star Ins. / Jul 15 Crescent Star Insurance Limited(CSIL)	21,598,364 ▲ 0.45
WorldCall Telecom / Jul 15 Worldcall Telecom Limited(WTL)	14,909,225 ▼ -0.01
Siddiqsons Tin / Jul 15 Siddiqsons Tin Plate Limited(STPL)	14,773,686 ▼ -0.18
Ist.Capital Sec / Jul 15 First Capital Securities Corporation(FCSC)	12,386,303 ▲ 0.14
Kohinoor Spining / Jul 15 Kohinoor Spinning Mills Limited(KOSM)	10,036,412 ▼ -0.05
First Prudential Mod. / Jul 15 First Prudential Modaraba(PMI)	9,339,834 ▲ 0.3
Askari Bank / Jul 15 Askari Bank Limited(AKBL)	9,101,583 ▼ -0.15

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