Russia plans minimum vodka price Nov 20, 2009
The average monthly salary of 18,702 roubles ($651) would thus currently stretch to 368 bottles of the cheapest vodka at Utkonos, but only 210 bottles if the price floor is implemented. - Reuters. (Business Report, South Africa)
Delphi Reports Strong Third Quarter Financial and Operating Results Nov 5, 2009
0 Percentage of natural gas production (i) 53% 36% 42% 49% 39% Price floor (Cdn $/mcf) $ 7. 38 $ 7. (CCNMatthews Press Releases)
Dairy farmers weigh in on the ‘real' low milk price problem (3) Oct 25, 2009
Dwight Acre who farms 400 acres and runs a dairy, livestock operation, said an 18 price floor was necessary because other commodities have farm programs to help them in when prices are low. When you milk cows, you wonder, why can't I get a break here. (Minnesota Farm Guide, MN)
Costless Collars: A Poor Hedge for Utility Customers Sep 21, 2009
Similarly, prices can move lower until they become lower than the put strike which becomes the commodity price floor for the utility customer. In the diagram above, the utility would have no financial impact from a (costless) collar strategy if underlying market prices remain between lines A and B. When underlying market prices increase beyond line A (call strike), the utility will have a positive return from the call option purchase. (Energy Pulse, CO)
BHP Billiton, Rio Tinto Profit Forecast Raised on Metals Outlook, UBS Says Sep 2, 2009
BHP Billiton is well-leveraged to iron ore, coking coal and copper -- our top three commodity picks -- because of volume growth and price floor underpinned by Chinese demand and supply options, Lawcock wrote. He raised his rating on BHP to buy from neutral, and increased the share-price estimate by 12 percent to A$42. (Bloomberg -- Australia & New Zealand)
Dairy farmers face huge crisis as farm groups organize to help (30) Aug 28, 2009
Senate bill 889 would put a milk price floor down by requiring the Secretary of Agriculture to determine the price of all milk used for manufactured purposes. It never got out of committee last year because milk prices suddenly rebounded for a time, Riehl said. (Minnesota Farm Guide, MN)
Pro & Con: Does raising the minimum wage help the economy? Aug 11, 2009
Setting a price floor for the least skilled labor markets will limit job creation in the long run, which is an unfortunate reality for these workers. Perhaps policy-makers should consider less market-intrusive policies, such as income subsidies, as an alternative for maintaining a livable wage. (Atlanta Journal-Constitution -- Opinion)
Another 87,000 cows to slaughter; will it help? Aug 8, 2009
The support price program is designed to provide a price floor when the bottom falls out of the market. Producers had been complaining that it wasnt high enough to matter. (Hanford Sentinal, CA)
Minimum-wage folly Jul 8, 2009
Artificial price floors - mandatory minimum prices set higher than what the market will bear - generate surpluses ... The price floor imposed by the government on the supply of low-skilled labor results in a labor surplus, which is just another way of saying higher unemployment. (Boston Globe)
Market Forecaster Jun 16, 2009
Many producers believe this will be the year we go back to 7 in the corn market and 15 in the soybean market and they will sell their put they had previously bought for downside protection, only to find out later that it would have provided a valuable price floor ... That way, you leave your upside wide open, yet establish a minimum price floor and the limited loss potential will give you staying power until you need to remove the option. (Midwest Bulls Eye, NE)
After years of the Great Complacency, Australia's been catapulted into the Great Challenge. Jun 16, 2009
Dr. Peter Wood from ANU has proposed a steadily increasing price floor that would allow cuts in emissions in some sectors to be locked in and not simply free up permits for lazy polluters in other sectors. Proposals like that should be on the table in negotiations with the Greens endents as they seem to me to be a way of admitting that the current package has critical limitations and that mechanisms will be required in time to fix them. (Sydney Morning Herald -- Business)
The moment of truth in the climate change debate is about to arrive - but not just for the Government. Jun 2, 2009
Climate change: divided they stand - Lindsay Tanner - BusinessDay Blogs on WAtoday. Climate change: divided they stand. (Sydney Morning Herald -- Business)
Nigeria: Oil Hits $63 as Opec Meets Today May 28, 2009
Prices also shot above the key technical level of the 200-day moving average yesterday, for the first time in more than eight months, adding to some analysts' convictions that oil has found a new price floor at $60 and may rise toward $65. Meanwhile, the Group General Manager, Group Public Affairs Division of NNPC, Dr. Levi Ajuonuma, told THISDAY yesterday that Warri Refinery was intact. (allAfrica.com)
OPEC SETS SIGHTS ON $80 OIL... May 28, 2009
Still, oil prices are hovering around a six-month high and broke cleanly above the key 200-day moving average on Wednesday for the first time in more than eight months, supporting the view oil has a new price floor at $60 a barrel. Saudi Oil Minister Ali al-Naimi, speaking on the eve of a meeting of the Organization of Petroleum Exporting Countries in Vienna, said oil prices would continue to rise and that the global economy was now strong enough to support $75-$80 oil. (The Drudge Report)
Oil Hovers Above $62 on Optimism About Economy May 27, 2009
Prices also shot above the key 200-day moving average on Wednesday for the first time in more than eight months, adding to some analysts' convictions that oil has found a new price floor at $60 and may rise toward $65. 1. (ABC News -- Wire)
Oil jumps over key technical level May 27, 2009
US crude prices shot above the key 200-day moving average on Wednesday for the first time in more than eight months, adding to some analysts' convictions that oil has found a new price floor at $US60 a barrel. The US New York Mercantile Exchange (NYMEX) front-month continuation contract last topped its 200-day moving average, a popular guide on support and resistance levels, during an intraday spike on Sept.ember22 but dipped quickly below since. (Sydney Morning Herald -- Business)
Punishing Intel May 14, 2009
Limiting discounts, for instance, might in effect create a price floor for AMD, given that it is Intel s only competitor. Intel s case is far from isolated. (The Economist)
Technology and antitrust: Here we go again May 8, 2009
Limiting discounts, for instance, might in effect create a price floor for AMD, given that it is Intel s only competitor. IBM, for its part, would appear to have little to fear. (The Economist)
Fair Trade Coffee Apr 28, 2009
There is a price floor of $1. 26 for one pound of coffee, with a. (Suite101.com)
Lender bids for Ilikai units Apr 17, 2009
That was the price floor established yesterday by lender iStar Financial, which is foreclosing on local developer Brian Anderson after he failed to renovate the Ilikai and resell units he bought in the iconic Waikiki building almost three years ago. IStar was the only bidder at a preliminary auction of the property held yesterday outside First Circuit Court by commissioner George Van Buren. (Honolulu Advertiser)
Market force Apr 16, 2009
It acts as a price floor, in ways clearly and simply set out in advance. The volume of allowances still to be auctioned in the current phase (to 2012) offers a buffer sufficient to forestall risk of further collapse this year. (BBC News -- Science)
Business briefs: Quebecor cuts Merced workers' pay 10% Apr 16, 2009
The figures, showing that the median price in the six-county region has remained at $250,000 from January through March, indicate "the market may be exploring price floor levels," MDA DataQuick said in its report. The firm also said sales increased 52% last month to 19,486 from 12,808 in March 2008, led by low-cost foreclosure deals in inland neighborhoods. (Fresno Bee)
RIM joins rush to online storefronts Apr 1, 2009
99, more than the 99-cent (U.S.) price floor Apple enforces for paid apps in its Store. RIM has partnered with eBay Inc.'s PayPal service to handle the payments. (Globe and Mail)
Forecast is more sawmill closures Mar 15, 2009
In the current market, the price floor for small logs is approaching pulpwood prices. As a result, small log mills can t continue to cut their raw material costs. (Orangeburg Times and Democrat, SC)
OPEC heads to Vienna hoping for united front Mar 12, 2009
"Aggressively pursuing an even higher oil price rather than a price floor can easily backfire," said Harry Tchilinguirian, senior oil analyst with BNP Paribas S.A. in London. "My personal take is that they're probably going to emphasize more the compliance with current cuts .... than seek an aggressive stance, especially in the current economic climate.". (MSNBC -- Business)
Raise the price of gas to $4 before the next oil crunch Feb 24, 2009
It might not be pretty at first, but a price floor a government-mandated minimum on retail gas will buy us the time we need to wean us off the oil. Oil's prognosis is grim for one reason: When prices are low, oil companies do not invest in new projects. (Yahoo News)
S&P 500 is at risk of hitting a new low as angst persists Feb 23, 2009
But now, amid a deepening recession and after the worst week for stocks since the November swoon, the prior bear market lows that Wall Street hoped would act as a final price floor are in jeopardy. Last week, the 30-stock Dow Jones industrial average closed at a fresh bear market low. (USA Today -- Money)
Welsh house prices fall further than rest of UK Feb 16, 2009
Serious sellers need to set their initial asking price more realistically to get one up on the competition and take advantage of the increasing number of bargain-hunters who have set their own price floor ahead of the return of mainstream purchasers. Only in Wales, the northwest of England and East Anglia did prices continue to fall between January and February. (WalesOnline)
Agrium Quarterly Profit Declines 28% on Lower Demand, Inventory Writedowns Feb 12, 2009
With spring rapidly approaching and energy prices coming off a bottom, buyers have recognized a price floor has likely been achieved and pricing for nitrogen and phosphate fertilizers have started to rebound, , a New York-based analyst at Goldman Sachs Group Inc., said in a Jan. 30 note to clients. Potash demand will be influenced by the strength of crop prices, farmer economics and credit availability, as well as any progress on contract negotiations between China and India and their key... (Bloomberg -- Canada)
Delphi Energy Reports Significant Growth in Reserves, Record Production and Provides 2009 Guidance Feb 12, 2009
6 ---------------------------------------------------------------------------- Percentage of production (i) 44% 53% 36% 18% 50% 21% ---------------------------------------------------------------------------- Price floor (Cdn $/mcf) $7. 66 $7. (CCNMatthews Press Releases)
