PAR: Pakistan Agriculture Research - Pakistan’s No. 1 Agricultural Research House
Showing posts with label commodity exchange. Show all posts
Showing posts with label commodity exchange. Show all posts
Friday, January 17, 2014
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.
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.
Wednesday, January 15, 2014
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.
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.
Saturday, January 11, 2014
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.
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.
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 |
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