Newsletter June 19, 2009
WorldCommodity Fund Update
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| India's Tea Output to Drop on 'Drought-Like' Weather |
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June 18 (Bloomberg) -- Tea production in India, the
world's largest grower, may decline at least 5 percent this
year after dry weather damaged crops in the nation's
main growing region, likely boosting global prices as the
nation's exports decline.
"Firm prices are here to stay"...
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| Kansai Electric Aims to Invest More in Uranium Mines |
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June 16 (Bloomberg) -- Kansai Electric Power Co., the
Japanese utility that relies the most on nuclear
generation, aims to increase investments in uranium
mines as competition for the resource intensifies, the
company's president said. "With the nuclear drive
worldwide, demand is expected to spike,"....
Japan looking for uranium...
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| Canada Promises C$1 billion in aid to pulp producers |
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OTTAWA, June 17 (Reuters) - Ottawa promised last
month it would help the pulp industry, but it struggled to
develop an aid package that does not violate the U.S.-
Canada Softwood Lumber Trade Agreement that prohibits
subsidies to lumber producers.
Pulp industry in trouble...
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| Glencore International Considers Share Sale, FT Says |
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June 19 (Bloomberg) -- Glencore International AG, the
world's biggest commodities trader, is reviewing its
partnership structure and considering an initial public
offering, the Financial Times said, citing a person close to
the matter.
Nickel, zinc, aluminum producer looking for $$$...
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| Have a Great Week! |
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WorldCommodity Fund (WCOMX)
- Convenient
- Low-cost
- Professionally managed
Investing in:
Global Agriculture, Energy and Mining
companies...
Rogers International Commodity
Indices ®...
Mutual Fund Prospectus (WCOMX)...
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email:
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phone:
404-437-7420
web:
http://www.worldcommodityfunds.com
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