Trends - Sugar - Business Recorder

Pakistan

Punjab govt taking steps for provision of low priced flour, sugar to masses

He ordered to inspect electricity meters of the flour mills on daily basis so that it could be checked how much flour is being made from the wheat provided by govt.

Published 23 Jul, 2020 09:00pm

Markets

Robusta coffee hits highest in nearly 6 months; arabica surges

Arabica coffee futures rose more than 6% to a two-month top, boosted by sharp gains in the Brazilian currency.
October raw sugar settled up 0.19 cent, or 1.6%, at 11.86 cents per lb.

Published 23 Jul, 2020 01:22am

Markets

Raw sugar buoyed by commodity gains, coffee advances

LONDON: Raw sugar futures on ICE were higher on Tuesday, boosted by broad-based gains in commodity and equity ...

Published 22 Jul, 2020 02:47am

Markets

Coffee closes sharply higher, raw sugar fails to follow oil up

October raw sugar settled down 0.05 cent, or 0.4%, at 11.67 cents per lb, after gaining as much as 1.5% earlier in the session.
December London cocoa settled down 18 pounds, or 1.1%, at 1,551 pounds per tonne.

Published 22 Jul, 2020 02:36am

Markets

Arabica coffee closes sharply down; raw sugar drifts lower

Raw sugar futures on ICE were slightly lower, while New York cocoa futures shot up.
October raw sugar settled down 0.01 cent, or 0.1%, at 11.72 cents per lb.
December London cocoa settled up 6 pounds, or 0.4%, to 1,569 pounds per tonne.

Published 21 Jul, 2020 01:46am

Pakistan

IHC adjourns hearing of sugar mills case till Tuesday

The court remarked that National Accountability Bureau (NAB) and other institutions were authorized to conduct investigations on their own into any matter.

Published 20 Jul, 2020 09:25pm

Markets

Sugar subsidy case sent to NAB 'for conclusion': Shahzad

ISLAMABAD: Special Assistant to the Prime Minister on Accountab-ility, Shahzad Akbar Friday said the government had...

Published 18 Jul, 2020 02:47am

Pakistan

Sugar, flour crisis: Govt taking action against 156 food department employees, says Akbar

SAPM says about 60 to 70 government officials are directly involved with the mills

Published 17 Jul, 2020 06:20pm

Markets

London cocoa prices hit lowest level in nearly two years

September London cocoa edged up 4 pounds, or 0.3%, to 1,538 pounds per tonne at 1404 GMT, having hit its lowest since October 2018 at 1,525.
October raw sugar was down 0.09 cents, or 0.8%, at 11.73 cents per lb, having closed up 4.4% on Wednesday.

Published 16 Jul, 2020 08:10pm

Pakistan

IHC adjourns ICA against sugar inquiry commission

He prayed the court to view that whether the formation of commission was in accordance of Inquiry Commission Act 2017.

Published 15 Jul, 2020 11:42pm

Markets

Raw sugar recovers from six-week low as oil prices rise

October raw sugar was up 0.2 cents, or 2%, to 11.55 cents per lb at 1151 GMT, after sliding to a low of 11.27 cents on Tuesday.
September New York cocoa rose $11, or 0.5%, to $2,166 a tonne.

Published 15 Jul, 2020 05:46pm

Markets

Raw sugar hits six-week low, cocoa and coffee down

LONDON: Raw sugar futures on ICE slid to a six-week low on Tuesday while cocoa and coffee also fell, dragged down by...

Published 15 Jul, 2020 02:43am

Markets

Raw sugar dips to two-week low, cocoa and coffee also down

October raw sugar slipped 0.12 cents, or 1.0%, to 11.46 cents per lb by 1140 GMT after dipping to a two-week low of 11.42 cents.
September New York cocoa slid $35, or 1.6%, to $2,158 a tonne.

Published 14 Jul, 2020 07:04pm

SC sets aside SHC's order, allows govt to take action against sugar mills

Islamabad High Court and SHC have been given three weeks time by the SC to announce verdicts regarding the report.

Updated 14 Jul, 2020 11:36am

Markets

Sugar exports: déjà vu?

Less than four months into the release of “bombshell” Sugar Inquiry Report that lambasted country's export ...

Published 14 Jul, 2020 08:47am

Print

'Stay' relief to sugar mills: AGP submits 'synopsis' against SHC verdict

ISLAMABAD: The requirement of publication of notification in official gazette is to be treated as "directory" unless...

Updated 14 Jul, 2020 03:22am

Markets

Raw sugar hits two-week low

LONDON: Raw sugar prices on ICE hit a two-week low on Monday as oil prices fell and supply tightness in refined ...

Published 14 Jul, 2020 02:57am

Markets

Raw sugar hits two week low; coffee, cocoa sli

October raw sugar fell 0.07 cents, or 0.6%, to 11.69 cents per lb at 1054 GMT, having hit a 2 week low of 11.67.
September New York cocoa fell $11, or 0.5%, to $2,149 a tonne.

Published 13 Jul, 2020 06:45pm

Print

Sugar price: PSMA urges PM to take production cost into consideration

LAHORE: All Pakistan Sugar Mill Association Chairman Javed Kayani has urged Prime Minister Imran Khan to fix the...

Published 11 Jul, 2020 02:48am

Markets

Cocoa recovers further from 20-month low; sugar falls

The upcoming election is widely seen as a test of stability for the world's top cocoa producer.
Brazilian mills cumulative sugar output this season is 48.75% above last season.
September arabica coffee rose 0.1 cents, or 0.1%, to 98.85 cents per lb.

Published 10 Jul, 2020 05:21pm

Markets

Production & sale of sugar: Companies classified within category of non-listed company

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has classified all companies engaged in...

Updated 10 Jul, 2020 03:15am

Markets

Sugar industry of Pakistan

EDITORIAL: Earlier this week, the federal government approved the establishment of a high-powered sugar reform...

Published 10 Jul, 2020 02:47am

Markets

Cocoa recovers from 20-month low; sugar slips

Sovereign bonds in Ivory Coast came under pressure after prime minister and ruling party candidate for the October presidential election.
October raw sugar fell 0.07 cents, or 0.6%, at 12.01 cents per lb.
September arabica coffee edged up 0.2 cents, or 0.2%, at $1.0020 per lb, steadying after Monday's near 5% loss.

Published 09 Jul, 2020 08:37pm

Markets

Flour, sugar mills: Government to carry out physical verification of stocks

LAHORE: The Punjab government has decided to carry out physical verification of stocks in flour and sugar mills and...

Published 09 Jul, 2020 02:43am

Markets

Raw sugar up, London cocoa slips to 1-1/2 years low

LONDON: Raw sugar edged up Wednesday, climbing off the previous session's one-week low as financial markets steadied...

Published 09 Jul, 2020 02:43am

Print

Income Tax/Sales Tax/FED: FBR orders audit of sugar mills in line with SIC report

ISLAMABAD: The Federal Board of Revenue (FBR) has directed Chief Commissioners Inland Revenue to start audit of...

Published 08 Jul, 2020 02:55am

Markets

Raw sugar recovers, arabica coffee gains

LONDON: Raw sugar prices edged up on Tuesday after hitting a one-week low as oil prices slumped on fears over ...

Published 08 Jul, 2020 02:55am

Markets

Raw sugar recovers from one week low, arabica coffee gains

October raw sugar inched up 0.02 cents, or 0.2%, to 11.95 cents per lb at 1439 GMT, having hit a low of 11.78.
September robusta coffee fell $12, or 1%, to $1,187 a tonne.

Updated 07 Jul, 2020 08:21pm

Opinion

Sugar: pumping 'poison'

ARTICLE: Indeed a highly commendable step by Prime Minister Imran Khan of initiating a detailed inquiry into the...

Published 06 Jul, 2020 03:03am

Markets

Raw sugar gains on improved macro data, China import hopes

October raw sugar edged up 0.07 cents, or 0.6%, to 12.24 cents per lb at 1211 GMT, having matched Thursday's 2-1/2 week peak of 12.25 cents earlier.
September arabica coffee fell 0.9 cents, or 0.9%, to $1.031 per lb, having hit its highest in more than a month earlier this week.

Published 03 Jul, 2020 07:23pm