Showing posts with label sugar beet. Show all posts
Showing posts with label sugar beet. Show all posts

Wednesday, January 15, 2014

Plam Oil

Plam Oil


Jan 1-15 Dec 1-15
RBD Palm Olein 219,750 241,812
RBD Palm Oil 60,095 76,814
RBD Palm Stearin 42,077 81,118
Crude Palm Oil 52,895 119,087
Total* 467,817 644,556

Major importers of Malaysian palm oil:


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.

Cotton on in Pakistan

Monday, January 13, 2014

Palm oil in Pakistan

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.

Biodiesel in Pakistan

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.

Friday, January 10, 2014

Rice export in Pakistan

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 News in Pakistan

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
  • Thursday, January 9, 2014

    Sugar Prices in Pakistan

    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.