BONDS, CURRENCIES & COMMODITIES


According to Association of Natural Rubber Producing Countries (ANRPC), global natural rubber output would fall 2.2% to 8.9 million tonnes in 2009. It also reported that Thailand, which accounts for about 33% of the global supply, has dropped its production by 13.9% during the first two months...

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• According to GFMS Metals Consulting of UK, zinc average prices may drop 39% in 2009 as a decline in supply will be outpaced by a drop in consumption. Zinc surplus is forecast to widen to 210,000 tonnes, compared with 198,000 tonnes a year ago, before narrowing to 46,000 tonnes in 2010 and...

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Wheat prices are crashing, thanks to an oversupply of the commodity. Nearly 78 million tonnes of wheat has been added to the existing stocks during the current season. This coupled with a two-year ban imposed by the government on export of wheat is creating a much bigger problem. State agencies...

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• Prices of natural gas are declining sharply. The commodity faces its first globalised glut in history. While new giant facilities are ready to go on stream in the US, Asian and European countries that import the gas are facing a slowdown. Gas from Qatar, Egypt, Nigeria and Algeria that...

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After lying low for quite some time, crude prices are on the rise again. For the first time in 10 weeks, crude was trading above $50 a barrel after hitting a low of $32.40 a barrel in December 2008. This rise in crude prices is being attributed to a recovering economy as well as the weakening...

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