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.

Pakistan Cotton Bales Trade Report: (Click On link)

Pakistan Kappas/Row cotton outlook: (Click on link)

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 price in Pakistan

Sindh Cotton Market Updates:

Saturday 11/1/2014 The Sindh cotton market was also stable. Upper Sindh cotton was traded in the price range of Rs. 6850-7100 per maund. Phutty was traded at 2800-3050 per maund. Lower Sindh cotton was traded at the price range of 5500-6800 per maund while phutty was traded at 2000-2500 per maund.

Cotton seeds in Pakistan

Cotton Prices in Punjab Station:

AhmedPu 7200
Vehari 7125
Yazman 7100

Saturday, January 11, 2014

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.

Cotton market price in Pakistan

Cotton Prices In Punjab:

Rayhim yar Khan 7225

Main Wali 7200

Yazman 7100

Multan 6900

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.

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

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.

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.