Showing posts with label punjab agriculture. Show all posts

Friday, January 17, 2014

Month c/lbs PKR / maund

Mar14 86.19 7453.80

May14 86.40 7471.96

Jul14 85.87 7426.13

Oct 14 81.17 7019.67

Dec 14 79.67 6889.95

Mar 15 80.30 6944.43

Wednesday, January 15, 2014

Today Karachi Cotton Association Spot Rate:

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

Cotton Market Outlook (Click on Link)

Monday, January 13, 2014

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.

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.

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.

Price of sugar in Pakistan

Pakistan Sugar Prices & Market News :

Pakistan Sugar Market was almost stable before yesterday. Market sources said that the request of sugar millers to allow more export was due to the bumper production for the third consecutive year, as this is great supportive price for the time being

Thursday, January 9, 2014

ethanol in pakistan

Ethanol In Pakistan

PSMA hint at delay in curshing season

Sugar industry has hinted at a delay in crushing season in case the government does not make arrangements to procure 0.4 million tons of sugar through Trading Corporation of Pakistan (TCP), sources close to Secretary Industries and Production told Business Recorder. This warning has been issued by Pakistan Sugar Mills Association (PSMA), President Riaz Qadeer Butt as the central organisation of PMSA is almost paralysed after its incumbent Chairman became a resident of the USA.

Most of the recent proposals of sugar industry approved by the Economic Co-ordination Committee (ECC) of the Cabinet originated from the PSMA Punjab.

Sugar industry argues that working paper prepared by the Ministry of Industries for Sugar Advisory Board (SAB) and discussed in the meeting held on May 29, 2013 clearly spelled the need for disposal of surplus stocks. All stakeholders who attended the meeting were of the considered opinion that current stocks would last until first quarter of 2014 which would have serious repercussions on the industry’s capacity to fulfil its financial and other obligations for want of sale of stocks.

The stakeholders suggested that TCP should buy the surplus stocks to build and maintain strategic reserves for market intervention and to ensure uninterrupted supply to Utility Stores Corporation (USC) which cater to the poor segments of society, the sources added.

During the recent meeting of the ECC, 100,000 tons of sugar was allowed for procurement by the TCP and that too in two tranches of 50,000 tons each. Presumably, the decision to buy in small quantities was taken with a view to keeping the domestic price of sugar at a reasonable level.

PMSA Punjab maintains that sugar is in surplus in the country and the industry is constrained to sell below cost, which may result in defaults to banks. The Association has also cited an example of the US Department of Agriculture recently which bought sugar from domestic growers, the government’s first direct intervention in the nation’s sugar market in more than a decade. The USDA paid $43.8 million for the sugar but averted an expected $110 million in forfeitures of sugar price support loans. It then exchanged the sugar with domestic refiners for import credits. The USDA bought 91,238 MT tons of sugar and traded it for import of credit worth 299,153 tons.

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.