Paris Charles De Gaulle cuts flights 35% on shortage of de-icing chemical
PARIS: Paris Charles de Gaulle airport, Europe's second busiest, will cut flights by 35 percent for the rest of the day because of a shortage of antifreeze, used to remove ice from aircraft wings, and forecasts for more bad weather.
The airport faces "problems in supply of antifreeze liquid for planes," French DGAC civilaviation authority said in an e-mailed statement. The airport had already reduced flights before 1 p.m. by 50 percent. An emergency shipment of de-icing fluid was flown in from the U.S., the Associated Press reported.
Major U.K. airports and Frankfurt were operating near-normal services after snowstorms and cold weather caused travel disruption across Europe in the lead-up to the Christmas holidays.
Air France has cancelled "many" short and medium-haul flights from Charles de Gaulle today, according to its website. Long-haul flights and services from Orly are unaffected, the airport said.
Heathrow, Gatwick, Glasgow and Edinburgh airports are all open, according to their websites. They all said that passengers should expect some knock-on delays and cancellations as a result of the recent weather conditions.
British Airways Plc, the U.K.'s biggest carrier, plans to fly all scheduled long-haul flights out of Heathrow today, and most inbound long-haul services, according to a statement on its website. The carrier is also hiring planes and putting larger aircraft on European routes to move more passengers, it said.
The U.K. will likely experience "very cold" weather, with snowstorms mostly confined to the east and west coasts, according to a Met Office forecast.
Eurostar Group Ltd., the operator of trains through the Channel Tunnel, said on its website that it's planning to operate a "near normal" service. Only passengers with valid tickets for travel should go to the station, it said.
Fraport AG, operator of the Frankfurt airport, said on its website that the situation has "improved significantly," allowing it to offer travelers normal pre-night check-in.
Deutsche Lufthansa AG, Germany's biggest carrier, ran a regular schedule at Frankfurt yesterday, it said on its website. The carrier is running all scheduled flights, aside from a few weatherrelated exceptions.
In a separate news item, Soybeans rose for a sixth day, reversing an earlier loss, as dry weather in South America, threatens to curb harvests amid signs of increasing demand in China. Corn and wheat declined.
March-delivery soybeans advanced as much as 0.5 percent to $13.67 a bushel, the highest price since Aug. 27, 2008. The contract traded at $13.65 a bushel at 2:15 p.m. Manila time.
Nineteen of 25 traders and analysts surveyed in the U.S. on Dec. 23 forecast that soybeans will advance for a third straight week on speculation that hot, dry weather will damage crops in Brazil and Argentina, the biggest exporters after the U.S.
"We saw the bullish momentum in the market last week, and I expect that to continue because of tightening global supply," Ker Chung Yang, an analyst at Phillip Futures Pte in Singapore said by phone today.
China, the world's biggest soybean importer, will auction 300,000 metric tons of the oilseed and 1.8 million tons of corn from reserves tomorrow, the National Grain & Oil Trade Center said on its website. The country is the world's largest corn user after the U.S.
The Asian nation may draw down state inventories to slow inflation, prompting the government to increase imports to boost domestic supply, Ker said. China's inflation rate was 5.1 percent in November, the highest level in 28 months.
Argentina may have "severe" dryness and temperatures of more than 100 degrees Fahrenheit in the 16 days from yesterday, Chicago-based QT Weather said in a Dec. 26 emailed report. Argentina is the world's thirdlargest soybean exporter, according to the USDA.
"The driest weather of the growing season has just begun in Argentina," according to the QT Weather report.
The Buenos Aires Cereals Exchange cut its estimate for this year's planted soybean crop by 200,000 hectares to 18.5 million hectares because of dry conditions, it said in a Dec. 23 statement.
U.S. exporters sold 827,810 tons of soybeans in the week ended Dec. 16, more than nine times the total a week earlier, the Department of Agriculture said Dec. 23. China purchased 77 percent of last week's total shipments from the U.S. Sales for delivery in the marketing year that began Sept. 1 are 12 percent higher than a year earlier, according to the data.
March-delivery wheat declined as much as 2.2 percent to $7.66 a bushel on the Chicago Board of Trade, before trading at $7.815. Corn for March delivery slipped 0.2 percent to $6.1275 a bushel.
Rising inflation in China may push the Asian nation to boost corn imports to 3.5 million tons, more than triple the USDA 1 million ton estimate on Dec. 10, Ker said. -Bloomberg