Daily Archives: January 26, 2011

Fears of supply shortages fuel U.S. wheat export

2011-01-10_Getreide_ddp CHICAGO (Dow Jones) – U.S. wheat exporters recorded strong demand from North Africa and the Middle East. Analysts attribute this buying interest due to the fact that governments in these regions, fearing that high food prices could cause political unrest. (Photo: Reuters)

The Tunisian national grain agency has recently arisen in the context of a tender 100,000 tons of durum wheat and 50,000 tons of barley, as European traders reported. Already in the past week bought the Jordanian Industry and Trade Ministry of 57.3 million USD 150,000 tons U.S. wheat for delivery in March and April. Louis Dreyfus was awarded the contract for 382 USD / t, c & f basis, as a Jordanian authorities spokesman said. Jordan had hit 150,000 tons in December last U.S. durum wheat prices of $ 367.5 per tonne to 368 USD / tonne. Likewise, Turkey bought 145,000 t in the past week U.S. Hard Red Winter wheat, and Algeria has ordered 600,000 tonnes of wheat on the world market.

"A lot of people have been disturbed in the course of the Tunisian revolt" by Dale Wood, analyst at AgriVisor. The prices of U.S. wheat to the grain exchanges in Chicago, Kansas City and Minneapolis last Friday submitted a rally. At the Chicago Board of Trade reached the March contract for U.S. soft red winter wheat narrows a 29-month high.

DJG / DJN / jvm / pio / voi

Asian copper smelters achieve higher TC / RC

2009-04-20_kupfer bearb_aurubis SINGAPORE (Dow Jones) – copper smelting in Japan and China received from the global mining companies higher processing and Verhüttungsgebühren (TC / RC). (Photo: Aurubis)

The largest Japanese copper smelter, Pan Pacific Copper gets by his own admission 80 USD / t and 0.08 USD / lb unnamed by a South African mining company.

This represents an increase of the fees by 72% over the previous year. According to Chinese traders will receive a Chinese copper smelter 70 USD / t, or 0.07 USD / lb, equivalent to a surcharge of 51%. Mitsubishi Materials has confirmed that contracts with Freeport McMoran Copper & Gold and BHP Billiton has signed, but mentioned no prices. TC / RC are paid by mining companies for the conversion of copper concentrate into copper cathodes.

DJG / DJN / cdg / voi

Buba: Banks expect for 2011 significantly increasing loan volume

Imgdb_skyline_ffm_frei FRANKFURT (Dow Jones) – German banks are based on findings of the Federal Bank optimistic despite stricter regulatory requirements with regard to their lending. (Photo: Commerzbank)

As the Federal Bank on Tuesday announced the results of a survey among selected banks, "the survey participants expect in 2011 a significantly increasing loan volume." It is part of the expected strong growth in new business from the increased utilization will result in already existing lines of credit. "-Damping effects are however still of major companies in particular repayments. Adjustments other hand, play almost no role," said the Bundesbank.
The expected increase in credit growth, banks lead therefore attributed to many factors. The majority are called above all their enhanced risk assessment in the course of economic recovery and a rising credit demand by enterprises for investment and export financing. "The bank managers plan to leave their rejection rates unchanged despite the increase in demand," the Bundesbank.
Despite the credit growth and the expected costs arising from EMU sovereign debt crisis, the interviewees of the Federal Bank increased capital ratios predicted for 2011. This they want to achieve mainly through retained earnings, raising new equity and the reduction of other risk-weighted assets. "Basel III are to want to react the Institute in 2011 with a particular increase in its regulatory capital. Adjustments in the carrying their credit however, reportedly planned for 2011, hardly", said the Bundesbank.

Website: www.bundesbank.de
DJG / res / mle / dok

Buba: Banks expect for 2011 significantly increasing loan volume

Imgdb_skyline_ffm_frei FRANKFURT (Dow Jones) – German banks are based on findings of the Federal Bank optimistic despite stricter regulatory requirements with regard to their lending. (Photo: Commerzbank)

As the Federal Bank on Tuesday announced the results of a survey among selected banks, "the survey participants expect in 2011 a significantly increasing loan volume." It is part of the expected strong growth in new business from the increased utilization will result in already existing lines of credit. "-Damping effects are however still of major companies in particular repayments. Adjustments other hand, play almost no role," said the Bundesbank.
The expected increase in credit growth, banks lead therefore attributed to many factors. The majority are called above all their enhanced risk assessment in the course of economic recovery and a rising credit demand by enterprises for investment and export financing. "The bank managers plan to leave their rejection rates unchanged despite the increase in demand," the Bundesbank.
Despite the credit growth and the expected costs arising from EMU sovereign debt crisis, the interviewees of the Federal Bank increased capital ratios predicted for 2011. This they want to achieve mainly through retained earnings, raising new equity and the reduction of other risk-weighted assets. "Basel III are to want to react the Institute in 2011 with a particular increase in its regulatory capital. Adjustments in the carrying their credit however, reportedly planned for 2011, hardly", said the Bundesbank.

Website: www.bundesbank.de
DJG / res / mle / dok

Danone Dumex India takes to visor

Doerrfruechte_becher_final_Quelle_OBS_Danone PARIS (Dow Jones) – French food group Danone is considering the purchase of the Indian baby food manufacturer Dumex India, as the French newspaper Les Echos reported, citing unnamed sources on Monday. (Photo: obs / Danone)

Danone will seek other investments in India, fail if the acquisition of Dumex India should, as stated in the report further said. Danone declined to comment to do so.

Danone have long pursued a course of expansion into new areas. Back in June last year, the dairy and food company had announced that it will be business with fresh dairy products in Russia with the Russian dairy company Unimilk merge. With shops in Russia, Ukraine, Kazakhstan and Belarus should Danone Unimilk become the largest dairy company in the region, particularly in Russia where the company will have a market share of 21%. Danone wants to venture into new geographical regions, Danone CEO Franck Riboud, said last year.

DJG / DJN / jvm / dok