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.

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)

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

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 seeds in Pakistan

Cotton Prices in Punjab Station:

AhmedPu 7200
Vehari 7125
Yazman 7100

Saturday, January 11, 2014

Cotton seed in Pakistan

Sindh Idea Price Seed Cotton – Banola (37 Kg):

Hyderabad 700-950
Sukkar 1000-1200

Punjab Idea Price Seed Cotton – Banola (56 Kg):

Harunabad 1200-1300
TT Singh 1050-1100

Today KCA Spot Rate:
Today Karachi Cotton Association (KCA) spot price unchanged at 7000 per maund Ex-Gin.

Friday, January 10, 2014

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

Pakistan Sugar Prices & Market Commentary:

Pakistan Sugar Market Commentary January

Karachi Stock Exchange Listed “Sakrand Sugar Mills Ltd.” Report:

KSE Listed Sugar Mills Report

World Sugar Market Report:

International Sugar Market Report

Pakistan Sugar Market Activities:

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.

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

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

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