Edible oil

Edible oil in Pakistan 

CBOT Edible Oil Market Report:

CBOT Market Outlook:(Click on link)

World Sugar

World Sugar in Pakistan 

World Sugar Market Report:

International Sugar Market Report:(Click on Link)

Cotton Field

Cotton Field in Pakistan

NYBOT Cotton Future Contracts Closing:

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

Cotton On 

Pakistan Cotton Market Report:

Pakistan Cotton Mundi:(Click on Link)

Cotton News in Pakistan 

Cotton Bales Transaction in Sindh & Punjab Stations:

1,200 bales of Sindh stations traded between @Rs.7000 (80.94 c/lbs) to @Rs.7200 (83.26 c/lbs) PMD ex-gin while 6,400 bales of Punjab stations traded between @Rs.6900 (79.79 c/lbs) to @Rs.7250 (83.83 c/lbs) PMD ex-gin. 5,536 bales of Punjab stations sold @Rs.7200 (83.26 c/lbs) to @Rs.7500 (86.72 c/lbs) PMD ex-gin on deferred payment.

Sugar in Pakistan

Pakistan Sugar Market News:

Yesterday Pakistan Sugar market had decreased. Market sources said that sind sugar mills had started late crushing season & production, due to which there was pressure on the market price. They further said SBP provides approval of Sugar Export Quota  on daily basis.

Cotton prices today

Sindh Cotton Market Updates:

Yesterday 15/1/2014 Sindh cotton market was also stable. Upper sindh cotton was traded at the  price range of 7000-7100 per maund. Phutty was traded at 2900-3050 per maund. Lower Sindh cotton was traded in the price range of  5800-6800 per md. while phutty was traded at 2000-2500 per maund.

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.

Biodiesel in Pakistan

UOB Kay Hian Malaysia Research expects crude palm oil (CPO) to average RM2,950 per tonne in 2014 on lower inventory level, tight supply and robust demand.

In its plantations industry outlook issued on Monday, it was maintaining its Overweight stance as CPO price was expected to gain upside momentum.

At midday, CPO for third month delivery slumped RM9 to RM2,508 which was the lowest since Nov 8, 2013.

“The commitments from the top two palm oil producers (Indonesia, Malaysia) to raise domestic biodiesel blend will ensure that the increase in palm oil supply in 2014 will be largely absorbed by biodiesel use, and hence keep inventory levels in check,” it said.

UOB Kay Hian Research said Malaysian palm oil inventory was 24.4% on-year lower at 1.99 million tonnes in 2013, lower than its expectation likely due to better-than-expected demand for palm oil in both domestic and export markets.

“Going into 2014, we expect inventory to stay in the range of 1.7 million to 2.1 million tonnes despite better CPO production of 19.4 million to 19.5 million tonnes on the back of better domestic demand for biodiesel use.

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.

 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

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.