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Dubai stocks post best streak in 8 months as Gulf trading slows

  BLOOMBERG Dubai stocks gained a fifth day amid declining trading across Gulf Arab equity markets, with some investors taking a long weekend and the start of Ramadan about a week away. The DFM General Index rose 0.3 percent, capping the longest winning streak since September. About 140 million shares were traded on the emirate’s main measure, less than half ...

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Chicken feed hottest commodity of 2016 amid supply woes

  Bloomberg This year’s best-performing commodity is chicken feed. And cow food. Soybean meal, made from crushed soybeans and used to feed poultry and livestock, has jumped 54 percent in 2016, the biggest gain among the 22 components of the Bloomberg Commodity Index. Prices are soaring after flooding reduced crops and limited supplies from Argentina, the world’s biggest exporter of ...

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B’desh wheat cargo rejection spooks sellers

  Bloomberg Some wheat traders are steering clear of Bangladesh’s tenders to import the grain after the nation rejected three cargoes earlier this year. The country’s Directorate General of Food received only two offers in a tender to buy 50,000 metric tons of wheat, Ilahi Dad Khan, director of procurement at the agency, said by phone from Dhaka. It had ...

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