Friday, January 17, 2014
Cotton Field
Cotton Field in Pakistan
NYBOT Cotton Future Contracts Closing:
Month c/lbs PKR / maund
Mar14 86.19 7453.80
May14 86.40 7471.96
Jul14 85.87 7426.13
Oct 14 81.17 7019.67
Dec 14 79.67 6889.95
Mar 15 80.30 6944.43
Thursday, January 16, 2014
Cotton News in Pakistan
Cotton News in Pakistan
Cotton Bales Transaction in Sindh & Punjab Stations:
1,200 bales of Sindh stations traded between @Rs.7000 (80.94 c/lbs) to @Rs.7200 (83.26 c/lbs) PMD ex-gin while 6,400 bales of Punjab stations traded between @Rs.6900 (79.79 c/lbs) to @Rs.7250 (83.83 c/lbs) PMD ex-gin. 5,536 bales of Punjab stations sold @Rs.7200 (83.26 c/lbs) to @Rs.7500 (86.72 c/lbs) PMD ex-gin on deferred payment.
Sugar in Pakistan
Sugar in Pakistan
Pakistan Sugar Market News:
Yesterday Pakistan Sugar market had decreased. Market sources said that sind sugar mills had started late crushing season & production, due to which there was pressure on the market price. They further said SBP provides approval of Sugar Export Quota on daily basis.
Current cotton prices
Current cotton prices
Punjab Cotton Market Updates:
Yesterday 15/1/2014 Punjab cotton market was stable but more trading activities were recorded. Cotton was traded between the price range of 7000-7200 per maund. Phutty was traded at 3500-3800 per maund.
Cotton prices today
Cotton prices today
Sindh Cotton Market Updates:
Yesterday 15/1/2014 Sindh cotton market was also stable. Upper sindh cotton was traded at the price range of 7000-7100 per maund. Phutty was traded at 2900-3050 per maund. Lower Sindh cotton was traded in the price range of 5800-6800 per md. while phutty was traded at 2000-2500 per maund.
Cotton Field in Pakistan
Cotton Field in Pakistan
NYBOT Cotton Future Contracts Closing:
Month c/lbs PKR / maund
Mar14 84.79 7332.73
May14 84.94 7345.70
Jul14 84.66 7321.49
Oct 14 80.32 6946.16
Dec 14 79.17 6846.71
Mar 15 79.90 6909.84
Wednesday, January 15, 2014
Palm oil news
Palm oil news
Malaysian PM Cash Market Prices for Palm Oil:
The following prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday are supplied by commodity broker Matthes & Porton Bhd. Prices are quoted in U.S. dollars a metric ton except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul–a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports.
Offer Change Bid Change Traded
Jan 792.50 +02.50 Unquoted - -
Feb/Mar 792.50 +02.50 Unquoted - -
Apr/May/Jun 790.00 -02.50 Unquoted - -
Jul/Aug/Sep 785.00 -02.50 Unquoted - -
RBD palm stearin, FOB, Malaysian ports
Jan 790.00 -05.00 Unquoted - -
Palm Fatty Acid Distillate, FOB Malaysian ports
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 2,530 +20.00 Unquoted - -
Palm kernel oil, Delivered Basis, South Malaysia
Plam Oil
Plam Oil
Jan 1-15 Dec 1-15
RBD Palm Olein 219,750 241,812
RBD Palm Oil 60,095 76,814
RBD Palm Stearin 42,077 81,118
Crude Palm Oil 52,895 119,087
Total* 467,817 644,556
European Union 63,735 123,332
China 170,300 168,030
U.S. 68,764 78,094
India 22,400 97,315
Pakistan 0 12,000
*Palm oil product volumes don’t add up to total, as some products aren’t included.
Major importers of Malaysian palm oil:
European Union 63,735 123,332
China 170,300 168,030
U.S. 68,764 78,094
India 22,400 97,315
Pakistan 0 12,000
*Palm oil product volumes don’t add up to total, as some products aren’t included.
Cotton Seed in Pakistan
Cotton Seed in Pakistan
Punjab Idea Price Seed Cotton Cake – Banola Khal:
Vehari 1650-1700
TT Sigh 1600-1650
Sadaqabad 1050
Sindh Idea Price Seed Cotton Cake – Banola Khal:
Hyderabad 850-930
Nawabshah 900-1000
Cotton Bales Transaction in Punjab Stations:
3,062 bales of Punjab stations traded between @Rs.7000 (80.94 c/lbs) to @Rs.7175 (82.97 c/lbs) PMD ex-gin. Market: steady
Cotton Price in Pakistan
Cotton Price in Pakistan
Today Karachi Cotton Association Spot Rate:
Today Karachi Cotton Association (KCA) Spot price unchanged at 7000 per maund Ex-Gin.
Cotton Market Price
Cotton Market Price
Sindh Cotton Market:
Similiarly, Sindh cotton market was also stable. Upper Sindh Cotton was traded at price range of 7100-7200 per maund. Phutty was traded at 2800-3050 per maund.In Lower Sindh Cotton was traded at the price range of 5800-6800 per maund while phutty was traded at 2000-2500 per maund. On Tuesday – 14/1/2014 cotton market was closed on Account of Public Holiday.
Cotton Market Today
Cotton Market Today
Monday 13/1/2014: Punjab cotton market was stable. Cotton was traded in the price range of Rs. 7000-7200 per maund. Phutty was traded at 3000-3500 per maund while on Tuesday 14/1/2014, the cotton market was closed on Account of Public Holiday.
Soybean oil in Pakistan
Soybean oil in Pakistan
BMD CPO May Rebound on CBOT Soy; MYR2,450-MYR2,500/Ton Band:
BMD CPO futures may reverse losses and nudge up at the start of trading on Wednesday, helped by higher CBOT soy futures due to weather concerns in Argentina, a major soy producer. Both palm and soyoil compete for similar export markets. Still, gains are likely to be subdued given concerns about sluggish export demand for palm oil, says a Kuala Lumpur-based broker, who tips trade in a MYR2,450-MYR2,500/ton band today. Benchmark March CPO ended MYR23 lower at MYR2,494/ton Monday. Malaysian markets were closed Tuesday for a public holiday.
Monday, January 13, 2014
Cotton market in Pakistan
Cotton market in Pakistan
Pakistan Cotton Market Report:
Rates depicted firmness as volume of business improved on the cotton market on Friday in the process of trading, dealers said. Market sources said that exporters of ready-made garments hoping for significant increase in exports this year. Cotton analyst said that Pak businessmen were getting positive response there, the yarn prices showed firmness following the Generalized System of Preference (GSP) plus status by the European Union (EU), he added.
Palm oil in Pakistan
Palm oil in Pakistan
“CPO price in 2014 is expected to trade higher than the average of RM2,371 a tonne. Maintain Overweight,” it said.
The research house said Malaysia’s CPO production was expected to rise slightly in 2014 on yield improvement. It expected better CPO production of 19.4 million to 19.5 million tonnes in 2014 after a weak 2013 CPO production due to weak yield of older palm trees in Sabah.
In 2013, Malaysian Palm Oil Board (MPOB) reported CPO production of 19.2 million tonnes (up 2.3% on-year). Low production in December 2013 was 10.4% lower on-month and 6.4% lower on-year due to higher rainfall.
Biodiesel in Pakistan
Biodiesel in Pakistan
UOB Kay Hian Malaysia Research expects crude palm oil (CPO) to average RM2,950 per tonne in 2014 on lower inventory level, tight supply and robust demand.
In its plantations industry outlook issued on Monday, it was maintaining its Overweight stance as CPO price was expected to gain upside momentum.
At midday, CPO for third month delivery slumped RM9 to RM2,508 which was the lowest since Nov 8, 2013.
“The commitments from the top two palm oil producers (Indonesia, Malaysia) to raise domestic biodiesel blend will ensure that the increase in palm oil supply in 2014 will be largely absorbed by biodiesel use, and hence keep inventory levels in check,” it said.
UOB Kay Hian Research said Malaysian palm oil inventory was 24.4% on-year lower at 1.99 million tonnes in 2013, lower than its expectation likely due to better-than-expected demand for palm oil in both domestic and export markets.
“Going into 2014, we expect inventory to stay in the range of 1.7 million to 2.1 million tonnes despite better CPO production of 19.4 million to 19.5 million tonnes on the back of better domestic demand for biodiesel use.
Cotton market price in Pakistan
Cotton market price in Pakistan
Sindh Cotton Market Updates:
Saturday 11/1/2014 The Sindh cotton market was also stable. Upper Sindh cotton was traded in the price range of Rs. 6850-7100 per maund. Phutty was traded at 2800-3050 per maund. Lower Sindh cotton was traded at the price range of 5500-6800 per maund while phutty was traded at 2000-2500 per maund.
Current cotton prices in Pakistan
Current cotton prices in Pakistan
Today KCA Spot Rate:
Today Karachi Cotton Association (KCA) spot price unchanged at 7000 per maund Ex-Gin.
Saturday, January 11, 2014
Cotton seed in Pakistan
Cotton seed in Pakistan
- Hyderabad 700-950
- Sukkar 1000-1200
- Harunabad 1200-1300
- TT Singh 1050-1100
Today Karachi Cotton Association (KCA) spot price unchanged at 7000 per maund Ex-Gin.
Cotton on in Pakistan
Cotton on in Pakistan
Cotton Market Trade Activities in Sindh:
Yesterday 10/1/2014 : The Sindh cotton market was also stable.Upper Sindh cotton was traded in the price range of 6850-7000 per maund. Phutty was traded at 2800-3000 per maund.Lower Sindh cotton was traded at the price range of 5500-6700 per maund while phutty was traded at 2000-2500 per maund.
Price of sugar in Pakistan
Price of sugar in Pakistan
Pakistan Sugar Prices & Market News :
Pakistan Sugar Market was almost stable before yesterday. Market sources said that the request of sugar millers to allow more export was due to the bumper production for the third consecutive year, as this is great supportive price for the time beingCotton market price in Pakistan
Cotton market price in Pakistan
Cotton Prices In Punjab:
Rayhim yar Khan 7225
Main Wali 7200
Yazman 7100
Multan 6900
Commodity trading in Pakistan
Commodity trading in Pakistan
Thin business was seen on the cotton market on Thurs‐day as ginners were not interested in lowering the asking prices in expectations of increase in profits, dealers said.
• According to the market sources, most of the local buyers were not ready to pay above the psychological level, in the meantime, the ginners were not keen to oblige the in anticipation of better returns.
• According to the market sources, most of the local buyers were not ready to pay above the psychological level, in the meantime, the ginners were not keen to oblige the in anticipation of better returns.
• Recent surge in political violence, force the Bangladeshi textile industries to close their business, so they may not be able to meet orders on time, they said.
• Political unrest in Bangladesh likely to help Pak exporters to take advantage of this opportunity, so, prices may go up further in days to come, cotton analyst said.
• Reuters adds: US cotton fell nearly 2 percent on Wednesday, its sharpest tumble in two months, on fear the market was overbought ahead of exports and crop data later this week that some traders said could cite weaker sales and higher inventories.
• The S&P GSCI and DJ‐UBS commodity indexes cumulatively cut their weightings for cotton by 0.17 percent.
Friday, January 10, 2014
Rice export in Pakistan
Rice export in Pakistan
Rice Exporters Association of Pakistan (Reap) has pinpointed major factors behind decline in rice exports. Reap Acting Chairman Chaudhry Samiullah told Business Recorder that lack of research and development in extra long grain seed has reduced the rice productivity per acre.
“New varieties always help increase per acre yield and have better ability to protect themselves against different diseases. The new varieties also make farmers prosperous and help earn precious foreign exchange,” he added. He said the volume of Pakistani rice remained stagnant at 6 million tons during last 5 years but the local consumption grew more and hence a small quantity is left for export each year.
“We require advanced research and development (R&D) for higher per acre yield. Super basmati was evolved in 1996 and since then the (R&D) sector has failed to produce any new extra long grain seed,” he said. Comparing Pakistan with competitor India, he said that per acre yield of super basmati fell to 32 maunds from 48 maunds in Pakistan while India evolved seeds that provide over 50 maunds per acre.
Samiullah said other associations have their own training institutes to equip their workforce with latest technologies and standards and are funded by the government, but unfortunately the rice sector has been deprived of any infrastructure and facilities. Reap being second largest export association and second largest forex earner desperately needs government assistance,” he added. Load management by electricity distribution companies is another reason behind reduced milling capacity, ie, 50 percent. Some of our members complain of even 14 hours electricity shutdown in rural areas’ feeders. The milling capacity of rice millers has been halved; hence the availability of export quality rice is a distant dream.
He said load management by SNGPL is resulting in late drying of paddy. Unless paddy is dried, we can’t husk it to convert to rice and therefore rice is not available for export. Decreased supply pushes up the price of the commodity, rendering it uncompetitive, he added. “The paddy is harvested in November and must be dried within days to ensure value addition. But unfortunately the gas supply is completely cut off in November and hence a significant quantity gets damaged and results in loss of foreign exchange,” he said. Samiullah urged the government to take appropriate measures and encourage farmers to adopt latest technologies for production boost.
Sugarcane production in Pakistan
Sugarcane production in Pakistan
Pakistan Sugar Prices & Market Commentary:Pakistan Sugar market was down due to slow buying activities. This was stated by market traders & brokers. Sugar Crushing & Sugar cane Harvesting 2013-2014 is in continuous progress.
Sugarcane cropping in pakistan
Karachi Stock Exchange Listed “Shakarganj Mills Ltd” Report
Pakistan Sugar Market Prices & Market Commentary
World Sugar Market Report
Pakistan Sugar Market Overview
Pakistan Sugar market, yesterday – 7/1/2014 had mixed trading activities due to slow demands in the market, as stated by brokers & traders. They further said this is also on accord of stability of Pak Rupee which is very favorable for Sugar export. On the other hand, SBP has published the Sugar Quota Form on their website http://www.sbp.org.pk/epd/sqdata/sqrep.asp . According to sugarcane growers that sugar cane yield is better as compared to last year harvesting.
Pakistan Sugar market, yesterday – 7/1/2014 had mixed trading activities due to slow demands in the market, as stated by brokers & traders. They further said this is also on accord of stability of Pak Rupee which is very favorable for Sugar export. On the other hand, SBP has published the Sugar Quota Form on their website http://www.sbp.org.pk/epd/sqdata/sqrep.asp . According to sugarcane growers that sugar cane yield is better as compared to last year harvesting.
Sugar News in Pakistan
Sugar News in Pakistan
Delivery orders were being offered today unchanged / minus 0.05 PKR / KG from their yesterday’s same time price.
Delivery Orders’ Prices of Punjab Based Sugar Mills at Akbari Mandi, Lahore :
Commodity Exchange in Pakistan
Commodity Exchange in Pakistan
Stations Commodities Punjab Min. Punjab Max.
Bahalngar,Punjab Cotton Seed (B Seed) 1200(40kg.) 1250(40kg.)
Bahalngar,Punjab Cotton Seed Oil (B Oil) 4500(40kg.) 4650(40kg.)
Bahalngar,Punjab C S Cake (Khal) 1600(56kg.) 1700(56kg.)
Kasur,Punjab Rice Basmati 2200(40kg.) 2450(40kg.)
Kasur, Punjab Rice Irri 1000(40kg.) 1050(40kg.)
Faibad,Punjab Wheat 3700(100kg.) 3800(100kg.)
| Stations | Commodities | Punjab Min | Punjab Max Date : 09.Jan.2014 |
Commodity Prices
Commodity Prices
Stations Commodities Sindh Min. Sindh Max.
Hyderabad, Sindh Seed Cotton (Phutty) 2800 (40kg.) 3100 (40kg.)Mirpurkhas, Sindh Cotton Seed (B Seed) 950 (40kg.) 1000 (40kg.)
Mirpurkhas, Sindh Cotton Seed Oil (B Oil) 4500 (40kg.) 4600 (40kg.)
Mirpurkhas, Sindh C S Cake (Khal) 980 (37kg.) 1010 (37kg.)
Ghotki, Sindh Rice Basmati 2000 (40kg.) 2100 (40kg.)
Shahdadkot, Sindh Rice Irri 1050 (40kg.) 1150 (40kg.)
Matiari, Sindh Wheat 3700 (100kg.) 3800 (100kg.)
| Stations | Commodities | Sindh Min | Sindh Max Date : 09.Jan.2014 |
Thursday, January 9, 2014
Cotton News in Pakistan
Cotton News in Pakistan
NYBOT Cotton Technical Chart
The current pattern suggests that the market is likely to consolidate at current levels with limited upside 85.37; where a break above will deliver positive movement. On the contrary, the initial downside will be tested around 82.50 cents
Water Reservoir in Pakistan
Water Reservoir in Pakistan
Mangla Dam becomes biggest water reservoir in Pakistan
In yet another historic development, the raised Mangla Dam on Sunday became the biggest water reservoir of Pakistan as water storage in its lake increased to 6.65 million acre feet (MAF), surpassing 6.58 MAF bench mark, which is the maximum live storage capacity of Tarbela Dam that used to be the biggest water reservoir till August 24, 2013.
Consequent upon the successful completion of the Mangla Dam Raising Project, it has become the largest water storage facility in the country. With increase in dam’s height by 30 feet, now water could be stored in the reservoir up to 1242 feet against the previous conservation level of 1202 feet above mean sea level. Resultantly, the live storage capacity of the raised Mangla Dam has increased to 7.39 MAF from 4.51 MAF. Given the current weather forecast, the prospects for filling of Mangla reservoir to its maximum conservation level are bright. If the raised Mangla Dam is filled to its maximum conservation level ie 1242 feet, 2.88 MAF of additional water will be available for the agriculture and generation of low-cost hydel electricity in the country.
It is pertinent to mention that water in the Mangla Lake on Sunday crossed 1232.5 feet level, meaning thereby, 2.14 MAF additional water is available in the reservoir as of today. In addition to managing the current floods, benefits worth billions of rupees in agriculture and power sector will also be accrued through utilisation of this additional water.
Filling of additional water in the raised Mangla Dam this year reflects the Federal Government’s resolve to conservation and optimal utilisation of the precious yet scarce water resource for agro-based economy of the country.
Last month, it was mutually decided by all stakeholders to fill the raised Mangla Dam this year up to its maximum level, as the Federal Government had promised to pay off the financial liabilities of the project affectees for the purpose. The additional water that has so far been stored in the Mangla Lake is a result of the concerted efforts of the Government of Pakistan, the Ministry of Water & Power, the Ministry of Kashmir Affairs & Gilgit-Baltistan, the Government of Azad Jammu & Kashmir, Government of the Punjab and WAPDA.
Wheat in Pakistan
Wheat in Pakistan
Punjab government announces Rs 18 billion flour subsidy
Punjab government has announced to extend a subsidy of Rs 18 billion for provision of flour to consumers on cheaper rates. It will release wheat to the flour mills at Rs 1330 per 40 kilograms which will ensure the provision of 20-kilogram flour bag to consumers at Rs 785 per bag.
This was announced at a joint press conference by the Punjab Minister for Law Rana Sanaullah, Food Minister Bilal Yaseen, Agriculture Minister Dr Farrukh Javed and Health Minister Khalil Tahir Sindhu. Secretary Food Punjab was also present on the occasion. He said that Punjab government at present have 3.94 million tons of wheat in its stock which is sufficient till the start of next wheat season rather it is 500,000 tons more than the requirement of the province.
The minister said that the Chief Minister had constituted three-member committee comprising Punjab law, food and agriculture ministers to fix the wheat release price for the current year. Keeping in view of all the circumstances, the committee had fixed the price at Rs 1330 per 40 kilogram. He said ample stocks are available with the provincial government and there is no question of wheat shortage.
He said that the government had also devised a strategy for provision of cheaper and quality food to the common man. He said that as per the vision of the Chief Minister Punjab, wheat production would be increased in the province which would not only help meeting provincial requirements but surplus production would be available for export to other provinces and international market.
Rana Sanaullah said that price of wheat and flour was less in the Punjab province as compared to other provinces. City District Government had also been issued directives to ensure availability of cooked chapatti on reasonable rates and for taking action against those charging more than the prescribed rate.
To another question, he said that the government under the leadership of Prime Minister Nawaz Sharif was working for solving the energy crisis, terrorism, ensuring provision of justice and relief to the common man. He said results of these efforts would soon start coming. He claimed that the present government was spending each penny of the nation on projects with full honesty and dedication.
ethanol in pakistan
Ethanol In Pakistan
PSMA hint at delay in curshing season
Sugar industry has hinted at a delay in crushing season in case the government does not make arrangements to procure 0.4 million tons of sugar through Trading Corporation of Pakistan (TCP), sources close to Secretary Industries and Production told Business Recorder. This warning has been issued by Pakistan Sugar Mills Association (PSMA), President Riaz Qadeer Butt as the central organisation of PMSA is almost paralysed after its incumbent Chairman became a resident of the USA.
Most of the recent proposals of sugar industry approved by the Economic Co-ordination Committee (ECC) of the Cabinet originated from the PSMA Punjab.
Sugar industry argues that working paper prepared by the Ministry of Industries for Sugar Advisory Board (SAB) and discussed in the meeting held on May 29, 2013 clearly spelled the need for disposal of surplus stocks. All stakeholders who attended the meeting were of the considered opinion that current stocks would last until first quarter of 2014 which would have serious repercussions on the industry’s capacity to fulfil its financial and other obligations for want of sale of stocks.
The stakeholders suggested that TCP should buy the surplus stocks to build and maintain strategic reserves for market intervention and to ensure uninterrupted supply to Utility Stores Corporation (USC) which cater to the poor segments of society, the sources added.
During the recent meeting of the ECC, 100,000 tons of sugar was allowed for procurement by the TCP and that too in two tranches of 50,000 tons each. Presumably, the decision to buy in small quantities was taken with a view to keeping the domestic price of sugar at a reasonable level.
PMSA Punjab maintains that sugar is in surplus in the country and the industry is constrained to sell below cost, which may result in defaults to banks. The Association has also cited an example of the US Department of Agriculture recently which bought sugar from domestic growers, the government’s first direct intervention in the nation’s sugar market in more than a decade. The USDA paid $43.8 million for the sugar but averted an expected $110 million in forfeitures of sugar price support loans. It then exchanged the sugar with domestic refiners for import credits. The USDA bought 91,238 MT tons of sugar and traded it for import of credit worth 299,153 tons.
Sugar Prices in Pakistan
Sugar Prices in Pakistan
Pakistan Sugar Market Commentary
- Delivery Orders’ Prices of Sindh Based Sugar Mills at Jodia Bazaar, Karachi : Delivery orders were being offered today plus 0.15 PKR / KG from their yesterday’s same time price.
- Delivery Orders’ Prices of Punjab Based Sugar Mills at Akbari Mandi, Lahore : Delivery orders are being offered today un-changed from their yesterday’s time price.
- Prices are almost stable all this week.
- Major press report today was the buying news from TCP of the remaining quantity of 132,000 MT from their last 2 tenders.
Today Cotton Prices in Pakistan
Agriculture in Pakistan
Stations Wise Cotton Prices in Punjab
As on 7 Jan 2014
Kabir Wala 7200 Khanewal 7100 Faqir Wali 7000 Haroonabad 6950
Today Karachi Cotton Association (KCA) Spot Rate
Today Karachi Cotton Association (KCA) Spot Price increased by 50 at 7000 per maund Ex-Gin.
Cotton Market Trade Activities in Sindh
Yesterday 7/1/2014 Sindh cotton market was also stable. Upper Sindh cotton was traded between the price range of 6850-6900 per maund and Phutty was traded at 2800-3000 per maund. Lower Sindh cotton was traded at the price range of 4800-6500 per maund while phutty was traded at 2000-2500 per maund.
Cotton Market Trade Activities in Punjab
Yesterday 7/1/2014 – Punjab cotton market was stable. Cotton was traded between the price range of 6800-7200 per maund. Phutty was traded at 2900-3500 per maund.
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