South African wheat prices hit an all time high on Thursday as the market reacted to an expected 30 percent hike in import tariffs due to a weak rand and falling global prices. Africa's most industrialised economy is set to increase the tariff to 1,591.40 rand ($102.58) from 1,224.30 rand currently, according to a notice on the South African Grain Information Services website published on late on Wednesday. The expected tariff hike is based on a formula using current world wheat prices and rand expectations.
By Brian Love and Ingrid Melander PARIS (Reuters) - Protesters attacked a police station and smashed bank windows during anti-labor reform rallies in France on Thursday while the hardline CGT union sought to choke off fuel supplies in a showdown with a government that said it would not back down. Sixteen people were arrested in Paris where 18,000-19,000 marched according to police, far fewer than in the first protests against the labor law over the past three months. In the southwestern city of Bordeaux, about 100 people targeted a police station, throwing objects and damaging a police car.