Markets update at midmorning

On the markets at midmorning (ET):The Toronto Stock Exchange’s S&P/TSX composite index was up 57.99 points to 15,207.59, after 90 minutes of trading.In New York, the Dow Jones industrial average lost 28.76 points to 21,438.38. The S&P 500 index added 1.13 points to 2,438.16, and the Nasdaq composite index was up 35.13 points to 6,223.16.The Canadian dollar was trading at 75.25 cents US, down from Tuesday’s average price of 75.37 cents US.The August crude contract was up 11 cents at US$43.62 per barrel and the July natural gas contract was up three cents at US$2.93 per mmBTU.The August gold contract was up $2.60 to US$1,246.10 an ounce and the July copper contract was up four cents at US$2.59 a pound. read more

Global hummus shortage as prices soar by a third

first_img Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. A global chickpea shortage has caused the price of a tub of hummus to soar by almost 30 per cent, according to experts.The Grocer found that the price of the average tub of hummus rose over a year from £1.14 in January 2017 to £1.47.This is a price increase of 33p, which is 29 per cent.Some hummus manufacturers have blamed supermarkets for the price rise.The price of a 250g tub of Me Too! hummus has gone up by 12p, and 19p for a 500g pot.Brand founder Ramon Hazan explained: “We have a quality product which we believe is worth paying more for. However, we do need to strike a balance which ensures we are competitively priced and makes us accessible to as many consumers as possible.”We would not want to lose customers as a result of retail price inflation.” Tasneem Backhouse, joint managing director at EHL Ingredients, told The Grocer: “‘Chickpea prices increased during 2017 and remain high.”Demand is strong from every market and currently there isn’t enough supply to go around. This is driven by poor crops in some of the main producing origin nations over the past 12 months.”This comes after last year’s UK hummus crisis, in which a factory default resulted in “fizzy, metallic-tasting” spread which had to be pulled from shelves.center_img this is why i love living where i do.. it’s all kicking off at a hummus shortage!! @Morrisons they are coming for you!! 64 comments .. 🤔😂 pic.twitter.com/UFkBo9huOP— Nicola (@nicciped) January 8, 2018last_img read more