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Avoiding the next wheat price spiral

It seems the incumbents in Islamabad won’t ever catch a break. Two and a half years into its rule at the centre,...

Published 21 Jan, 2021 07:36am

Markets

Jordan tenders to buy 120,000 tonnes feed barley

Jordan bought about 60,000 tonnes of barley in a previous tender for 120,000 tonnes which closed on Tuesday.
A separate tender from Jordan to buy 120,000 tonnes of wheat also closes on Wednesday.

Published 20 Jan, 2021 05:53pm

Markets

Wheat holds near 6-1/2 year peak as focus stays on Russian export tax

Russian export tax plans, Argentina rumours sustain wheat rally.
Chicago soybeans ease as palm oil slides, S.America rain weighs.
Corn steady near multi-year highs as Ukraine debates export cap.

Published 19 Jan, 2021 07:34pm

Pakistan

Govt taking concrete measures to bring down sugar, wheat prices: Senate told

The Minister said petroleum prices in Pakistan are lower than that of the neighboring countries.

Published 18 Jan, 2021 07:13pm

Markets

Turkey postpones tender to buy 400,000 tonnes wheat

The was originally due to close on Tuesday, Jan. 19, but will now close on Friday, Jan. 22, they said.
The reason was believed to be bad weather with snow in Turkey disrupting transport of participants to the tender meeting

Published 18 Jan, 2021 06:29pm

Markets

Russian wheat export prices jump ahead of tax launch

Moscow is trying to curb domestic food inflation triggered by the COVID-19 crisis by introducing a range of grain export taxes.
Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $298 a tonne free on board (FOB) at the end of last week.

Published 18 Jan, 2021 04:46pm

Markets

Bangladesh to turn to Ukraine for wheat as Russia plans to raise export tax

Russia's economy minister announced the plans on Friday, in another push to curb a rise in domestic food prices triggered by the COVID-19 crisis. *"We are communicating with Ukraine to import wheat," said Mosammat Nazmanara Khanum.

Published 16 Jan, 2021 07:02pm

Markets

Ukraine wheat flour exports fall by 56pc in H1 2020/21

Export volume totalled 79,500 tonnes and the main destination was United Arab Emirates with imports of 15,300 tonnes.
Exports reached 182,500 tonnes during the same period of the previous season.

Published 16 Jan, 2021 06:37pm

Markets

Ukraine sees no changes in export policy after Russian wheat export tax hike

Russia, one of the world's largest wheat exporters, plans to impose a higher export tax on wheat from March 1.
Last year Ukraine's government agreed with traders that wheat exports would not exceed 17.5 million tonnes in the 2020/21 July-June season.

Updated 15 Jan, 2021 11:57pm

Markets

Britain's wheat imports pick up pace during November

Wheat imports for the month totalled 208,263 tonnes, up from 174,914 tonnes in October.
Cumulative imports since the start of the 2020/21 season, which started on July 1 last year.

Published 15 Jan, 2021 08:51pm

Markets

Sovecon may raise estimate of Russia's 2020/21 wheat exports

It had previously forecast exports of 36.3 million tonnes for this season.
The country would continue taxing wheat exports in the 2021/22 marketing season that starts on July 1

Published 15 Jan, 2021 07:12pm

Markets

Soy up 1-3 cents, corn up 0-2 cents, wheat down 3-5 cents

The European Union is forecast to produce 129.7 million tonnes of soft wheat, according to French analyst firm Strategie Grains.
EU commodity prices could remain high as Chinese demand keeps the global surplus limited.

Published 14 Jan, 2021 09:30pm

Markets

Jordan buys 60,000 tonnes wheat in tender

It was bought from trading house Cerealcom Dolj at $269.20 a tonne c&f for shipment in the first half August 2021.
Two other trading houses participated in the tender, CHS which offered $277.97 a tonne c&f and Ameropa which offered $284.93 a tonne c&f.

Published 13 Jan, 2021 08:22pm

Markets

FranceAgriMer puts 2020/21 wheat exports outside EU-27 at 7.3mn tonnes

FranceAgriMer this month adjusted its calculation of export and import data to consider Britain as a non-EU country.
Demand from China remained very strong both for soft wheat and barley, Marion Duval, deputy head of FranceAgriMer's grain unit.

Published 13 Jan, 2021 07:15pm

Markets

Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents

Egypt has canceled an international tender to buy wheat with no purchase made, the country's state grain buyer said.
The CBOT's most-active corn contract gained in overnight trading in anticipation of a tightened supply and demand picture in Tuesday's USDA report.

Published 12 Jan, 2021 09:02pm

Markets

Paris wheat hits 7-1/2 year high on Russian export tax reports

March milling wheat on Paris-based Euronext was up 3.75 euros, or 1.7%, at 221.75 euros ($269.45) a tonne.
The potential increase in the Russian tax is predictably preventing wheat from easing off.

Published 12 Jan, 2021 08:50pm

Markets

Russia to consider changing wheat export tax this week

Russia is considering raising the tax from the planned 25 euros ($30) per tonne currently planned between Feb. 15 and June 30.

Published 12 Jan, 2021 05:02pm

Markets

EU 2020/21 soft wheat exports 13.61mn tonnes by Jan 10

That compared with 16.04 million tonnes cleared by the same week last season.
EU 2020/21 barley exports had reached 3.80 million tonnes, against a year-earlier 4.16 million.

Published 12 Jan, 2021 04:47pm

Markets

Soybeans at new 6-1/2 year high as market sees tightening supply

South America weather risks, Chinese demand stay in focus.
USDA report expected to trim US soy, corn supply estimates.
Corn hovers around $5 threshold as Argentina eases export ban.
Wheat steadies after 3-day fall.

Published 11 Jan, 2021 08:41pm

Markets

Syria issues tender to buy 200,000 tonnes wheat

The deadline for submission of price offers in the tender from Syria's General Establishment for Cereal Processing, Storage and Trade (Hoboob) is Jan. 18, traders said.

Published 11 Jan, 2021 08:05pm

Markets

South Korean group tenders for 75,000 tonnes wheat from US/Canada

The tender deadline is Tuesday, Jan. 12. A range of different wheat types is sought for arrival in South Korea in April 1-30, 2021.
Some 50,000 tonnes was sought from the United States and around 25,000 tonnes from Canada.

Published 11 Jan, 2021 06:58pm

Markets

Paris wheat at 2-year high on supply worry, high Black Sea prices

Front-month March milling wheat on the Paris-based Euronext unofficially closed up 3.00 euros, or 1.4%, at 217.25 euros ($267.24) a tonne.

Published 06 Jan, 2021 12:56am

Pakistan

Govt urged to take notice of rising wheat prices in open market

He further emphasized the government to act proactively to avert any wheat or flour crisis in the country.

Published 04 Jan, 2021 09:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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