Trends - Sugar - Business Recorder

Sugar

Amendments in 'Sugar Factories Control Act' rejected

LAHORE: Pakistan Kissan Movement, Secretary General, Hanif Gujjar, has rejected recent amendments in Sugar Factories...

Published 17 Aug, 2020 02:32am

Markets

Raw sugar sets 5-month peak

LONDON: Raw sugar futures on ICE rose to a five-month high on Friday, driven by fund buying against a backdrop of...

Published 15 Aug, 2020 02:41am

Markets

Sugar, coffee climb

LONDON: Raw sugar futures on ICE rose to a five-month high on Thursday as funds extended long positions and coffee...

Published 14 Aug, 2020 03:15am

Markets

Brazil's sugar output up while ethanol stocks rise

SAO PAULO/NEW YORK: Sugar output in Brazil's main production belt rose 37% in the second half of July year-on-year ...

Published 14 Aug, 2020 03:15am

Markets

Raw sugar sets new 5-month peak, coffee rises more than 3pc

Arabica coffee rose for the second consecutive session, gaining more than 3%.
October white sugar settled up $5.30, or 1.4%, at $380.50 a tonne.
December London cocoa settled down 1 pound, or 0.1%, to 1,696 pounds per tonne, weighed down in part by sterling's strength against the dollar.

Published 14 Aug, 2020 01:03am

Markets

SOFTS-Raw sugar edges higher, coffee and cocoa ease

October raw sugar rose 0.04 cent, or 0.3pc, to 12.88 cents per lb by 1025 GMT??, edging back towards a five-month high of 13.00 cents hit late last week.

Published 13 Aug, 2020 05:10pm

Markets

Raw sugar gains

LONDON: Raw sugar futures on ICE rose on Wednesday as risk appetite improved in the wider financial markets, ...

Published 13 Aug, 2020 02:31am

Pakistan

Govt taking all possible steps to reduce prices of flour, sugar: Shibli

The disparity in flour price resulted from transportation of wheat from other provinces to Sindh, he added.

Published 12 Aug, 2020 08:19pm

Markets

Raw sugar gains on signs of tightening market, coffee down

October raw sugar settled up 0.19 cent, or 1.5%, at 12.74 cents per lb, after hitting its highest price since March 6 on Friday, at 13 cents.
November robusta coffee settled down $20, or 1.5%, at $1,337 a tonne.

Published 12 Aug, 2020 01:27am

FIA asks Afghan authorities to provide records of sugar import

ISLAMABAD: The Federal Investigation Agency (FIA) has made progress in actions over the fake export of sugar by...

Published 11 Aug, 2020 03:08am

Sindh floods, Karachi, sugar & wheat imports also on the agenda

ISLAMABAD: The Cabinet which is scheduled to meet Tuesday (Aug 11) with Prime Minister Imran Khan in the chair will...

Published 11 Aug, 2020 03:08am

Markets

Raw sugar consolidates below 5-month peak, arabica coffee dives

Arabica coffee closed sharply down after hitting a 4-1/2 month high last week.
October white sugar settled down $1.70, or 0.5%, at $370.60 a tonne.
November robusta coffee settled down $6, or 0.4%, at $1,357 a tonne.

Published 11 Aug, 2020 01:25am

Markets

SOFTS-Raw sugar edges higher, cocoa and coffee also up

Dealers said the market may need to consolidate in the short term before there could be another test of resistance around the 13 cent level.

Published 10 Aug, 2020 04:05pm

TCP issues tenders for wheat, sugar import on urgent basis

KARACHI: Trading Corporation of Pakistan (TCP) has issued two tenders for the import of some 1.5 million tonnes ...

Published 08 Aug, 2020 02:58am

Markets

Commission's report: SHC reserves verdict on sugar mills' petition

KARACHI: A division bench of Sindh High Court (SHC) on Friday reserved the judgment on a petition of sugar mills...

Published 08 Aug, 2020 02:58am

Markets

Raw sugar turns lower after hitting 5-month high; coffee down

Cocoa prices in New York regained impetus and closed in the highest level since March 13.
October white sugar settled down $5.40, or 1.4%, at $372.30 a tonne.

Published 08 Aug, 2020 02:30am

Pakistan

Sugar commission's report: SHC seeks details of cabinet meeting

KARACHI: Sindh High Court (SHC) on Thursday sought the details of federal cabinet meeting pertaining to report of...

Updated 07 Aug, 2020 04:32am

Pakistan

Ramzan Sugar Mills case: Shehbaz, Hamza indicted

LAHORE: An accountability court on Thursday indicted President Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif...

Published 07 Aug, 2020 02:45am

Markets

Sugar, flour prices: Punjab CM unhappy over artificial hike

LAHORE: Expressing strong indignation over artificial increase in the rates of sugar and flour, the Chief Minister...

Published 07 Aug, 2020 02:45am

Pakistan

CM directs action over increased sugar, flour prices

He has also directed to improve the supply of sugar and flour along with availability in open markets at fixed rates.

Published 06 Aug, 2020 08:12pm

Shehbaz Sharif, Hamza Shehbaz indicted in Ramzan Sugar Mills case

Accountability court will hear case on August 27.

Published 06 Aug, 2020 12:01pm

Markets

Arabica coffee hits 4-month high; raw sugar surges

LONDON: ICE arabica coffee hit a four-month peak on Tuesday amid concerns over supply bottlenecks and signs of...

Published 06 Aug, 2020 02:56am

Implementation of report of Sugar Inquiry Commission: SHC orders AGP to make his arguments today

KARACHI: The Sindh High Court (SHC) on Wednesday sought arguments from the Attorney General for Pakistan in the...

Published 06 Aug, 2020 02:56am

Markets

NAB sets up CIT to probe sugar scam and subsidy

ISLAMABAD: The National Accountability Bureau (NAB) has constituted a combined investigation team (CIT) to...

Published 06 Aug, 2020 02:56am

Markets

Coffee closes up in wild session with largest volume since December

Raw sugar saw a similar move as prices went up earlier to a 4-1/2 month peak as a weaker dollar drove fund buying of commodities, but returned those gains to close down.
Dealers said fund buying took the market up to a point where it attract heavy producer selling.

Published 06 Aug, 2020 12:56am

Markets

TCP all set to import sugar and wheat

KARACHI: The Trading Corporation of Pakistan (TCP) is all set to initiate the import of sugar and wheat for domestic...

Published 05 Aug, 2020 03:00am

Import of sugar: ECC decides to take law ministry on board

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to take Law Ministry on board on...

Published 05 Aug, 2020 03:00am

Markets

Coffee rallies on concern over tightening supplies

September arabica coffee settled up 3.15 cents, or 2.7%, at $1.2105 per lb, the highest settlement price since April 15.
October raw sugar settled up 0.06 cents, or 0.5%, at 12.78 cents per lb, its highest since March 10.

Published 05 Aug, 2020 01:37am

BR Research

2021: Will sugar supply be balanced?

With national average retail sugar prices closing in on Rs 90 per kg – a first in almost a decade – the...

Published 04 Aug, 2020 08:17am

Markets

Sugar, coffee prices slip, cocoa climbs

LONDON: Raw sugar futures on ICE retreated from the prior session's 4-1/2 month high on Monday, partly pulled down ...

Published 04 Aug, 2020 02:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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