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)
Ghana's Debts Increase? Nov 28, 2006
Dr Kumbuor flayed the Government for increasing the cocoa price by a paltry 150,000 cedis per tonne having pegged the producer price at nine million cedis per tonne for three years, adding, 93the cheating of the cocoa farmer is taking place at a time when the Minister (of Finance and Economic Planning, Mr Kwadwo Baah-Wiredu) himself admits that FOB (Free on Board) cocoa prices in the 2006 averaged 900 pounds or 1,620 dollars=94. Source:GNA. (Ghana Web, Ghana)
BUDJET: High cocoa production demonstrates government's support Nov 17, 2006
86 per cent of the net Free on Board (FOB) price, 2. 86 per cent more than the previously agreed. (Ghana Web, Ghana)
China is not the cause of global inflation: Interview Oct 23, 2006
Thirdly, as we all know, the prices of China's everyday-use free on board (FOB) commodities are just a fraction of the terminal prices in the grocery markets overseas. The middlemen are behind rising prices. (People's Daily Online, China)
Government increases Producer Prices of cocoa Oct 14, 2006
He said the producer price have increased three fold since 2001, which ensured that farmers were paid decent and remunerative prices adding: "Currently the farmer enjoyed over 70 per cent of the net Free On Board (FOB) price or 9.0 million cedis per tonne from 3.475 million cedis in 2001.". On bonuses, Mr Baah-Wiredu said the farmers were paid four times within the same period. (Ghana Web, Ghana)
Q2 current account balance lower at RM18.9bil Sep 30, 2006
The department also said the lower surplus was due to faster increase of the imports free on board (fob) relative to that of exports fob. In the current quarter, imports fob expanded 8. (The Star Online, Malaysia -- Business)
Tatas test powerful heart for Rs 1 lakh mini car Aug 30, 2006
An auto expert points out that Maruti 800 for free on board export is priced at $2600 (Rs 117,000) but costs around $2000 (Rs 90,000) to make. Maruti Suzuki can afford to make it at that price as its plant, machinery and tools are two decades old and are now fully depreciated. (India Times, India -- Intl Business)
Zimbabwe: Fuel Importers Defy Govt Price Directive Aug 25, 2006
Pipeline fees and free on board (FOB) prices are also being set on the official exchange rate, seen as unrealistic by industry. "There is no foreign currency provided at $250," said one importer. (allAfrica.com)
Creating monopoly in steel industry harmful to economy - SEDA Jul 27, 2006
They should be offering at least 210 dollars free on board (F.O.B). He said the ban had turned the about 25,000 scavengers of ferrous metals into slaves, and, therefore, called on the Government to lift the ban with immediate effect to create a level playing field for competition. (Ghana Web, Ghana)
COCOBOD explains non-payment of bonus Jul 25, 2006
Accra, July 24, GNA - The Ghana Cocoa Board on Monday said the Board had not paid bonuses to cocoa farmers for the 2004/2005 main crop season because of the reduction in the purchasing figures and Free on Board (FOB) price. A statement issued by the Public Affairs Department of the Board explained that at the beginning of every cocoa season, the Producer Price Committee (PPRC) made up of stakeholders in the industry including farmers' representatives and the Licence Buying Companies, met to... (Ghana Web, Ghana)
Flow of revenue impacts on MDAs budget request Jul 20, 2006
In response to another question from Mr Sampson Ahi, (NDC-Juaboso) on when cocoa bonuses for the 2004/2005 season would be paid to cocoa farmers, Prof Gyan-Baffour said bonus payments were made to the farmers at the end of a season when, "better than expected revenue due to increased free on board (F.O.B) prices are paid.". He said at the beginning of every cocoa season, the Producer Price Review Committee met to agree on the producer price to be paid to the farmers and fees and rates for other... (Ghana Web, Ghana)
Canada, US agree on final wording of softwood agreement reached in ... Jul 2, 2006
Free on Board (FOB): The value consisting of all charges payable by a purchaser, including those incurred in the placement on board the conveyance for shipment but not including the actual shipping charges. Forest policy management: The laws, regulations and policy decisions that provincial governments use to administer forests on provincial Crown lands. (Calgary Sun)
RM5.3b surplus in first quarter balance of payments Jul 1, 2006
The Statistics Department said it was a result of reduction in export free on board (f. o.b.) (from RM142. (The Star Online, Malaysia -- Business)
Ringgit prices for plywood hit record Jun 21, 2006
Hence, the record price for plywood in the early 1990s was about RM1,500 while current prices are around RM1,640, free on board, based on an exchange rate of RM3. 65 to US$1. (The Star Online, Malaysia)
Forest2Market to expand its services Jun 3, 2006
The company, a Charlotte-based provider of raw-material pricing data for the forest products industry, says its Free on Board Delivered service uses industrial data to establish benchmark costs for delivered raw materials. Components include the cost of a tree, cutting and loading expenses, hauling costs and commission and procurement costs. (Charlotte Business Journal, NC)
74 items to get export sops notified benefits May 29, 2006
5 per cent of the fob (free on board) value of exports on 50 per cent of the export turnover of notified products. Focus market scheme, which is meant for promoting exports to countries which have so far been neglected, has not been finalised owing to differences between finance and commerce ministries. (Business Standard)
China's Trade Surplus May Be an Illusion May 24, 2006
Exports are usually calculated on a "free on board" basis -- meaning their value at the point of customs. The value of imports is generally treated differently and includes things such as insurance and freight costs. (MSNBC -- Business)
Huge fees cost Australia $90m wheat sale May 21, 2006
The grain would have been sold on a Free on Board basis - a system which gives the buyer control over shipping. A weekend deadline passed without the impasse being resolved, with last minute talks making no progress. (Sydney Morning Herald -- Australia)
Ag Growth Income Fund Reports Results for the Year Ended December... Mar 17, 2006
The Fund recognizes revenue at the time product is shipped, free on board shipping point, and title passes and there is evidence a sales arrangement exists, the sales price is fixed and determinable and collectibility is reasonably assured. For products on consignment, revenue is recognized upon the sale of the product by the consignee. (CNBC -- Research Alerts)
Put the question of China-US trade imbalance in perspective Mar 3, 2006
Chinese statistics use the free on board (FOB) while the US uses the cost, insurance and freight (CIF), leaving a difference in freight and insurance. US statistics do not include trade in service while as a matter of fact trade in service such as American investment banks and consulting firms doing business in China is also profitable. (People's Daily Online, China)
Record-high coal prices spur imports Feb 24, 2006
Analysts said the strong demand from China, coupled with a cold winter in Japan and South Korea, had already jacked up spot coal prices from Australia to US$47 to US$48 a ton, free on board, recovering sharply from lows of US$37 to US$38 in December. This has added to complications in prices for 2006, starting in April, which analysts in January said they expected to fall by 20 percent from last years US$52 to US$54. (NewsIsFree-Asia)
"Throw those obsolete concepts into the Pacific Ocean" Feb 22, 2006
The Chinese side uses the Ct and freight) for imports and FOB (free on board) for exports while the US uses general investigation price for imports and FAS (Free Alongside Ship) for exports. The US methodology fails to include the third-party entrepot trade mainly conducted in. (People's Daily Online, China)
