Satellite and text messages: Pakistani farmers' new irrigation tools

It is still beyond farmer Mohammad Ashraf’s comprehension that people in Islamabad can predict that it will rain in the next two days in his village. He is also astonished that, based on this prediction, they can tell him how much he should water his rice and sugarcane plantations.

“I marvel at this science of being able to predict something that is unknown and in God’s hands,” says the 36-year-old farmer. Read More

World Sugar

World Sugar in Pakistan 

World Sugar Market Report:

International Sugar Market Report:(Click on Link)

World Cotton

World Cotton in Pakistan 

International Cotton Market Outlook:

Cotton Market Outlook:(Click on Link)

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

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.

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.

Edible Oil

Edible Oils in Pakistan 

CBOT Edible Oil Market Report:

CBOT Market Outllook(Click on Link)

Cotton Market Today

Punjab Cotton Market:

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.

Cotton on in Pakistan 

Cotton Market Outlook (Click on Link)

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 

“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.

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.

• 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.

Sugar News in Pakistan 

Delivery Orders’ Prices of Sindh Based Sugar Mills at Jodia Bazaar, Karachi :  

         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 :

Delivery orders are being offered today un-changed from their yesterday’s time price.

Prices have been almost stable all this week.

Major press report today was the request of the sugar millers to allow more export due to a third consecutive year of bumper production. .For more information Visit Now www.par.com.pk

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

 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

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

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.