Analysis: Credit crunch may trigger mining mergers Sep 10, 2008
Coal is in the spotlight as a hot commodity in which to invest in the wake of the acute shortage faced by Eskom earlier this year and sustained export prices of about $160 (R1 200) a ton free on board at Richards Bay, compared with only $50 two years ago. Swanepoel says: "Over the next 18 months, coal in South Africa is a no-brainer. If you are not playing in coal in South Africa, you'll miss out.". (Business Report, South Africa)
* Bicycle exports increase nearly 12% Sep 1, 2008
The companys average free on board (FOB) price of Taiwan-exported bicycles was US$340 last year, and the company expects to see a 10 percent increase this year, Sheu said. Merida Industry Co (QFu~), the nations second-largest bicycle manufacturer, posted revenues of NT$4. (Taipei Times, Taiwan -- World)
CIC Energy Announces Positive Results of Feasibility Studies and Technology Agreement with Shell on Coal-to-Hydrocarbons Project Aug 5, 2008
For both Alternative 1 and Alternative 2, the downstream fuel products would be supplied free on board ("FOB") at Mmamabula, Botswana, based on strong indications of interest from major oil and gas companies. Estimated coal consumption for the CTH Project is in the range of approximately 4 million tons per annum per 44,000 bbl/day methanol plant. (Canada Newswire)
After 30% fall, Asia rice finds floor Jul 1, 2008
Thai 100 percent B grade white rice has eased to around $770 per tonne free on board and looks set to continue its descent from late April. Thai exporters, who ship around just under a third of the world's traded rice, have a defacto floor price of $700 a tonne for milled rice -- the equivalent of the 14,000 baht ($418) per tonne the government has guaranteed to pay farmers for unmilled paddy in case of a market slump. (India Times)
Northland Restates Preliminary Economic Assessment, Maintains Robust Project Valuation Jun 23, 2008
Northland updated the forecast to reflect 2008 settlements and set a pricing strategy that assumes that it will sell iron ore on a 'Free On Board' basis, at the port of origin and will be able to sell its iron ore products at prices competitive to those secured by the major producers, at the same destination port. Operating and Capital Expenditure Summaries for the Three Projects. (CCNMatthews Press Releases)
A beef with pricing Jun 4, 2008
50 a kilo FOB (free on board). We are talking sirloin here. (Sydney Morning Herald -- Business)
Bernas hedging window closed May 15, 2008
The latest export free on board price of Thai 100% Grade B white rice, which is the international benchmark for rice, was quoted at US$941 per tonne on May 7 on the website of the Thai Rice Exporters' Association. There're no forward contracts now. (The Star Online, Malaysia -- Business)
Greed Behind Food Price Rises - Development Bank Head May 7, 2008
Five Thai exporters quoted prices for 100 percent B trade white rice, the world's benchmark, at between $900 and $920 a tonne, free on board. That is down from last week's $990-$998 a tonne. (Planet Ark, United States)
First Uranium to build acid plant to secure future supply of sulphuric acid for its uranium plants at reduced costs Apr 21, 2008
To view Sulphur Spot Price Comparison Graph please visit: Notes for the Graph 1 and Tables 1 and 2: 1) 'fob' means "free on board" and indicates that the quoted price includes the cost of loading the goods into transport vessels at the specified location 2) 'cfr' means "cost and freight" and indicates that the cost of the goods and freight charges are included in the quoted price; while the buyer arranges for and pays insurance 3) as South Africa is a net importer of sulphur, local suppliers... (PR Newswire)
US rice futures up Apr 18, 2008
Thai benchmark 100 percent B trade white rice jumped 10% in just a week to hit a record US$950 per tonne, free on board, due to strong export demand. Kenji Kobayashi, a grains analyst at Kanetsu Asset Management in Tokyo, said CBOT rice would likely remain strong, though there would be moments of correction. (The Star Online, Malaysia -- Business)
Rice crisis persists as Philippine tender falls short Apr 17, 2008
In Bangkok, Thai 100 percent B-grade white rice, considered the world's benchmark, hit $950 per ton, free on board, three times its price at the start of 2007. U.S. rice futures, meanwhile, surged 2 percent on the Chicago Board of Trade to a record for the third straight session, reaching $23. (International Herald Tribune -- Business)
* Bicycle makers expect 10% sales growth Mar 15, 2008
Jeffrey Sheu (\), special assistant and spokesman for Giant Inc's general office, said the company's average unit free on board (FOB) price for exports from Taiwan rose from US$325 in 2006 to US$330 last year, and would increase further this year. The Taipei International Cycle Show at the newly opened Taipei World Trade Center Nangang Exhibition Hall, runs through Sunday. (Taipei Times, Taiwan -- World)
* China Steel Corp raises prices Mar 7, 2008
The price hike announcement comes amid supply concerns after US iron ore prices surged, with prices of hot-rolled products reaching US$805 per tonne FOB (free on board) or export prices, China Steel said. Steel prices also soared to record levels in Europe, where export prices for hot-roll items have recently increased to as much as US$900 per tonne, it said. (Taipei Times, Taiwan -- World)
Iraq Buys 700,000 Tons US, Australian, Canadian Wheat-Traders Mar 2, 2008
The state-run Grain Board of Iraq bought 700,000 metric tons of U.S., Australian and Canadian wheat at prices ranging between $500 a ton, free on board, to $670/ton, cost and freight, for delivery in April and May, traders close to the board said Thursday. They said Iraq bought 400,000 tons of U.S. hard red winter wheat. (Yahoo News -- Iraq)
World fertilizer prices soar as food and fuel economies merge Feb 20, 2008
Public release date: 19-Feb-2008. Contact: Thomas Hargrove. (EurekAlert! -- Business News)
Palm's Centro Smartphone Worth Low Price Oct 16, 2007
There's 65MB free on board, and the device offers support for MicroSD cards up to 4GB. My Kingston 4GB card worked fine. Like most Palm OS devices, the Centro feels really fast. (Fox News)
When a great bargain isn't always a good buy Sep 28, 2007
From the Los Angeles Times. COLUMN ONE Knocked off by a bargain A consumer reporter learns the whole world is a street corner when he shops online for a set of earphones and finds a price too good to be true. (FOX59, IN)
Myanmar to open 2nd largest border trade zone Sep 24, 2007
Besides Myawaddy, Myanmar also trades with Thailand at Tachilek, Kawthoung and Meik (Free on Board) under the border trade system. In May this year, another Myanmar border trade zone of Maungtawin western Rakhine state linking Bangladesh formally opened to mainly export marine products to the neighbor, local reports said earlier. (Xinhuanet, China)
India's Soybean Meal Exports May Increase on Larger Crops, Higher Prices Sep 22, 2007
Some Indian traders have contracted to sell about 750,000 tons of soybean meal from the new crop at an average $300 a ton free on board for shipments in November to some Southeast Asian countries, Jain said. India's soybean harvest may rise to 8. (Bloomberg -- Asia)
Pawar saved the day on wheat front Sep 17, 2007
US wheat prices reached record highs at $334/tonne Free on Board (FOB) as a result of tightened supplies from major exporters (EU-27, Canada, and Ukraine), concerns about crop prospects in Argentina and Australia, and fears of Russian export restrictions. Despite high prices, global demand has not subsided and the current export pace for the United States is a blistering 23% higher than last year. (Economic Times)
Platts Launches Chinese Language Real-Time Petroleum Information Service Aug 1, 2007
"And by doing so, Platts is helping to meet the need for greater transparency and efficiency in markets globally." Platts price assessments are recognized as benchmarks for the world's physical energy market including China's import market which uses the Free On Board (FOB) Singapore Platts high sulfur fuel oil assessments as the benchmark reference price for vital fuel oil supplies arriving in the ports of China. China's energy professionals also look to Platts to provide benchmark values for... (PR Newswire)
India significantly slows purchases of SA coal Jul 3, 2007
India's emergence as an unexpectedly strong buyer this year, seeking to replace lost tonnage from China and Indonesia, pushed prices up from $47 (R332) free on board (FOB) Richards Bay in January to last week's high of about $61. "Prices are already falling. There was a trade today at less than $57. Nobody in India is buying, nobody in Europe wants to buy, so, the prices must fall further," one Indian trader said. (Business Report, South Africa)
Pallinghurst ups ConsMin offer Jun 25, 2007
35 FOB (free on board) from previous guidance of $US2. 30. (The Age)
Oriel Resources' Voskhod Chrome Project wins 2006 European Mining Deal of the Year Mar 15, 2007
Market expert, Heinz Pariser of Alloy Metals and Steel and Market Research has set a price forecast for 48% Cr2O3 Kazakhstan chrome ore from 2006 to 2015 as between US$154 and US$224 per tonne in Kazakhstan, free on board at railhead at Russian border. Approximately one-third of Voskhod's beneficiated chrome ore production is destined for Oriel's own Tikhvin ferrochrome smelter in Russia, leaving the other two thirds of Voskhod's production for sale to other producers. (CCNMatthews Press Releases)
