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Tag: commodity pricing

Six suspects announced, one detained over Rotterdam+ coal pricing scheme | KyivPost

Six suspects announced, one detained over Rotterdam+ coal pricing scheme | KyivPost

The National Anti-Corruption Bureau of Ukraine (NABU) has issued notices of suspicion to six individuals involved in Rotterdam+, an infamous coal pricing schemes that many believe fuels corruption. Of the six people issued notices on Aug. 8, one has already been detained. According to NABU detectives, in three years, the scheme resulted in Hr 18.8 billion […]

Energy prices to fall for millions as Ofgem lowers cap | BBC News

Energy prices to fall for millions as Ofgem lowers cap | BBC News

The price of energy is set to fall for millions of British households this October after the regulator, Ofgem, lowered price caps. Ofgem sets maximum prices that can be charged for gas and electricity to those who have not switched suppliers and are on default tariffs. The new cap could see these households typically pay […]

Tyson posts mixed 3Q gains; price-fixing inquiry disclosed | Arkansas Online

Tyson posts mixed 3Q gains; price-fixing inquiry disclosed | Arkansas Online

Tyson Foods Inc. posted third quarter earnings Monday that rose from last year’s results, but not as high as executives wanted. Tyson’s beef and prepared foods businesses bolstered earnings, while chicken and pork lagged behind for the quarter. The nation’s largest meatpacker reported a net income of $676 million, or $1.84 per share, in the […]

Tyson Foods hits record high after beating estimates, prepares for China profit boost | Reuters

Tyson Foods hits record high after beating estimates, prepares for China profit boost | Reuters

The Justice Department said in June it launched a criminal probe related to price-fixing allegations against Tyson and other poultry processors, which the companies have denied. Slideshow (3 Images) Tyson subsequently received a grand jury subpoena from the Justice Department “seeking additional documents and information related to the chicken industry,” the company said in a […]

Natural Gas Price Prediction – Prices Tumble on Cooler Weather Forecast | FXEmpire

Natural Gas Price Prediction – Prices Tumble on Cooler Weather Forecast | FXEmpire

Natural gas prices broke down on Monday, as there is little impetus to buoy prices. There are currently no tropical storms that are expected to form in the Atlantic over the next 48-hours according to the National Oceanic Atmospheric Administration (NOAA). In addition, NOAA is forecasting that the weather is expected to turn cooler during […]

Oil prices no longer as dependent on Mideast tensions | CNBC

Oil prices no longer as dependent on Mideast tensions | CNBC

Iran is ratcheting up tensions in the Gulf, with its seizure of a British-flagged tanker, yet oil prices have been relatively unaffected. With the surge in U.S. production and worries about weak global demand, oil is not the indicator for Middle East conflict it once was. A different pricing dynamic has been evolving with new […]

Critics Say Wind Farm Rates Constitute Price Gouging | The Independent

Critics Say Wind Farm Rates Constitute Price Gouging | The Independent

There are a lot of ways to deflect the criticism, but really none to refute it: The South Fork Wind Farm will charge higher rates for the power it generates — three to five times more than its parent company, Ørsted/Deepwater, will charge in nearby markets. Despite complaints from all sides, freedom of information requests, […]

Sugar crisis: Directors demand differential pricing model; 3-day workshop held in Pune | Hindustan Times

Sugar crisis: Directors demand differential pricing model; 3-day workshop held in Pune | Hindustan Times

Sugar industry directors from Maharashtra demanded the differential pricing model for sugar which will help sell the commodity at two different prices — one for commercial use while the other for domestic use. The Maharashtra State Co-operative Bank organised a three-day workshop on sugar in the city and representatives of co-operative sugar industries and private […]

Gila diversion group facing ‘nightmare’ | Silver City Daily Press

Gila diversion group facing ‘nightmare’ | Silver City Daily Press

“An agricultural economist has come up with a willingness-to-pay for water,” Domenici explained. “He’s come up with a figure around $340 per year, per acre-foot. If we can get the cost similar to what people would have to pay for water rights, that is what we have to get to.” In order to afford even […]

China’s top steel mills create group to probe surging iron ore prices – document | Hellenic Shipping News Worldwide

China’s top steel mills create group to probe surging iron ore prices – document | Hellenic Shipping News Worldwide

China’s leading steel companies have formed a group to investigate whether “non-market factors” are causing a record surge in iron ore prices and have called on the government to maintain market stability. Executives from eight steel firms representing 30% of China’s steel output, including China Baowu Group, HBIS Group, Jiangsu Shagang Group and Ansteel Group, […]