Paris Charles De Gaulle cuts flights 35% on short­age of de-ic­ing chem­i­cal

The Pak Banker - - Company& -

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

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