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. 

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.

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.