Trends - Sugar - Business Recorder

Sugar

26,000MT of imported sugar reaches various districts

LAHORE: 26,000 metric tonnes of imported sugar have reached various districts out of which 24,000 metric tonnes in...

Published 19 Nov, 2020 02:55am

Markets

NY cocoa climbs to 7-week high, coffee also up

March New York cocoa was up $5, or 0.2%, at $2,522 a tonne.
January robusta coffee rose $21, or 1.5%, to $1,437 a tonne.
March arabica coffee rose 1.35 cents, or 1.1%, to $1.2085 per lb after climbing to a two-month high of $1.2115.

Published 18 Nov, 2020 05:51pm

Markets

Raw sugar hits 8-1/2 months high

LONDON: Raw sugar prices on ICE touched an 8-1/2-month high on Tuesday, buoyed by signs the market is growing ...

Published 18 Nov, 2020 02:48am

Markets

Punjab cabinet approves ex post facto sugarcane support price

LAHORE: The Punjab Cabinet, which met under the chairmanship of Chief Minister Sardar Usman Buzdar on Tuesday, gave...

Published 18 Nov, 2020 02:48am

Markets

Raw sugar hits 8-1/2 month high; cocoa and coffee also rise

India has yet to announce its export policy and there are fears financial support might be limited.
ICE coffee speculators switched to a net short position of 304 contracts in the week ended Nov. 10, cutting 2,906 contracts.

Published 17 Nov, 2020 06:54pm

Markets

Raw sugar, cocoa surge

LONDON: Raw sugar prices on ICE surged to an 8-1/2 month high on Monday, boosted by nearby supply tightness, while...

Published 17 Nov, 2020 02:55am

Markets

Raw sugar climbs to 8-1/2 month high, cocoa also up

March New York cocoa rose $86, or 3.6%, to $2,451 a tonne.
Dealers said the prospect of a poor crop in France provided further support for prices.

Updated 16 Nov, 2020 06:34pm

BR Research

Sugar prices: a never-ending joyride?

Another week, another increase. If Pakistan had a (functional) commodities futures market, its sugar index would be ...

Published 16 Nov, 2020 08:18am

Sugar crisis probe: FIA lodges FIRs against Tareen, Shehbaz

LAHORE: The Federal Investigation Agency (FIA) on Sunday registered two separate FIRs against industrialist and...

Published 16 Nov, 2020 02:46am

Markets

Sugar, wheat flour prices witness no reduction

ISLAMABAD: Sugar and wheat flour prices have witnessed no reduction despite the arrival of imported refined sugar ...

Published 15 Nov, 2020 02:39am

Business & Finance

Purchase of sugarcane, payments made: Commissioner seeks 2-year data from sugar mills in 7 days

LAHORE: The Cane Commissioner Punjab has directed the sugar mills to provide complete information of cane purchased...

Updated 14 Nov, 2020 03:35am

Opinion

Rise in sugar price

This is apropos a Business Recorder editorial "The sugar price continues to rise" carried by the newspaper ...

Published 14 Nov, 2020 02:52am

Markets

Raw sugar extends gains, with India exports still on hold

March New York cocoa fell $14, or 0.6%, to $2,342 a tonne.
December arabica coffee fell 0.7 cents, or 0.6%, to $1.1230 per lb.
March raw sugar rose 0.4 cents, or 0.3%, to 14.95 cents per lb.

Published 13 Nov, 2020 07:20pm

Pakistan

Sugar mills to pay 11pc markup on delayed payments

LAHORE: The Cane Commissioner Punjab has warned the sugar mills that they will be bound to pay 11 percent mark-up on...

Updated 13 Nov, 2020 03:25am

Markets

Sugar mills: LHC rejects reference filed by SECP

LAHORE: A division bench of the Lahore High Court on Thursday struck down the reference filed by the Security and...

Published 13 Nov, 2020 02:57am

Markets

Raw sugar gains

LONDON: ICE raw sugar prices rose 3% on Thursday but remained firmly within recent ranges as traders awaited news...

Published 13 Nov, 2020 02:57am

Editorials

Rise in sugar price

EDITORIAL: The price of sugar has inexplicably risen by a 100 rupee per 40 kg bag as imported sugar was released ...

Published 13 Nov, 2020 02:57am

Markets

Raw sugar recovers but remains in range, awaiting India news

March raw sugar rose 0.24 cents, or 1.7%, to 14.73 cents per lb.
December arabica coffee rose 1.1 cents, or 1%, to $1.1020 per lb.
March New York cocoa fell $19, or 0.8%, to $2,355 a tonne,

Published 12 Nov, 2020 06:28pm

Markets

LHC declares JIT investigating Sharif, Tareen sugar mills 'null and void'

The high court quashed the notices sent to the sugar mills by the SECP.

Published 12 Nov, 2020 03:27pm

Markets

Skyrocketing agriculture input: Wheat, sugarcane, cotton, potato growers shifting to other crops

ISLAMABAD: The skyrocketing agriculture input costs over the two years have forced the farmers especially wheat,...

Published 12 Nov, 2020 02:50am

Markets

US MIDDAY: Raw sugar falls

LONDON: ICE raw sugar futures fell on Tuesday as funds remained on the sidelines after pushing prices above 15 cents...

Published 11 Nov, 2020 02:53am

Pakistan

LHC withdraws stay order against sugarcane crushing season start

The court was requested to suspend operation of the notification till the final decision on the petition and issue directions for the start of crushing season after November 30.

Published 10 Nov, 2020 11:43pm

Markets

Raw sugar falls as funds consolidate recent gains

March raw sugar fell 0.07 cents, or 0.5%, to 14.81 cents per lb by 1119 GMT, having hit an eight-month high of 15.23 cents last week.
December arabica coffee edged up 0.3 cents, or 0.3%, to $1.0715 per lb.

Published 10 Nov, 2020 08:29pm

Markets

India revives plans to offer incentives for 6mn tonnes sugar exports

The government is again considering giving incentives to mills to export 6 million tonnes of sugar in 2020-2021.
The government, which has sought the views of the sugar industry, is keen that cane growers' payments by sugar mills do not get delayed.

Published 10 Nov, 2020 07:19pm

Pakistan

Ramzan Sugar Mill case: Court extends judicial remand of Hamza Shehbaz

The court directed additional secretary for devising SOPs for the production of prisoners and adjourned the hearing till November 17

Published 10 Nov, 2020 01:45pm

Sugar prices further escalate

ISLAMABAD: Despite arrival of imported sugar in the market, the commodity prices are continually going up as on...

Published 10 Nov, 2020 02:54am

Markets

Sugar, coffee and cocoa rise as dollar weakens post Biden win

March raw sugar rose 0.09 cent, or 0.6%, to 15 cents per lb, heading closer to the eight-month high of 15.23 cents hit last week.
December arabica coffee rose 1.3 cent, or 1.2%, to $1.0840 per lb.

Published 09 Nov, 2020 07:35pm

Cartelization in sugar industry: CCP all set to issue notices

ISLAMABAD: The Competition Commission of Pakistan (CCP) is all set to issue show-cause notices to the Pakistan Sugar...

Published 08 Nov, 2020 02:55am

Markets

Two ships carrying sugar will arrive soon

LAHORE: Two more ships carrying 26,700 metric tons and 25,000 metric tons of sugar will be reaching Pakistan soon...

Published 07 Nov, 2020 02:39am

Markets

Raw sugar prices ease, coffee and cocoa climb

December arabica coffee rose by 1.10 cents, or 1%, to $1.0705 per lb.
March New York cocoa was up $13, or 0.6%, at $2,331 a tonne.

Published 06 Nov, 2020 05:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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