Wheat futures saw 2 to 4 cent losses in most contracts on the day. All wheat weekly export sales are expected to be tallied at 200,000-400,000 MT for old crop, with new crop seen at 50,000-250,000 MT during the week of 3/22. Last week’s....... Read Morehttp://par.com.pk/report/82312
All wheat export sales were reported at 265,208 MT during the week of 3/15, on the high end of most analysts’ expectations. That is 62.9% larger than last week’s total, but still 36.6% smaller that this time last year. New crop sales.... Read Morehttp://par.com.pk/report/82195
Lahore: The country is expected to harvest a bumper wheat crop of around 26 million tons during the current season – a figure, albeit a little short of annual target, is the highest ever – as increased fertiliser offtakes offset the low acreage impact. The News surveys with farmers and agriculture experts across Punjab found that this year’s crop output may be close to 26 million tons against the target of 26.46 million tons despite lower acreage, water shortage and late sowing associated with marketing-related issues of sugarcane and cotton crops. “If proven right, it will be the record output of wheat ever harvested in the country,” a senior official said. The expected crop production is equal or near to what was forecast by Food and Agriculture Organisation of the United Nations (26 million tons) and United States Department of Agriculture (26.5 million tons). Agriculture experts termed the highest fertiliser consumption as a major factor behind the healthy crop outlook. Fertiliser offtake offset negative impact of low acerage this year, they said. Above-average temperature and lingering water shortage are, however, still a source of concern for the farmers who fear that production might be hurt if the trend continues in the coming days. ..... Read More http://par.com.pk/report/81974
