Showing posts with label sugar industry. Show all posts
Showing posts with label sugar industry. Show all posts
Thursday, January 16, 2014
Wednesday, January 15, 2014
Cotton Price in Pakistan
Cotton Price in Pakistan
Today Karachi Cotton Association Spot Rate:
Today Karachi Cotton Association (KCA) Spot price unchanged at 7000 per maund Ex-Gin.
Monday, January 13, 2014
Cotton market in Pakistan
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
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
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.
Saturday, January 11, 2014
Price of sugar in Pakistan
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 beingFriday, January 10, 2014
Sugarcane cropping in pakistan
Karachi Stock Exchange Listed “Shakarganj Mills Ltd” Report
Pakistan Sugar Market Prices & Market Commentary
World Sugar Market Report
Pakistan Sugar Market Overview
Pakistan Sugar market, yesterday – 7/1/2014 had mixed trading activities due to slow demands in the market, as stated by brokers & traders. They further said this is also on accord of stability of Pak Rupee which is very favorable for Sugar export. On the other hand, SBP has published the Sugar Quota Form on their website http://www.sbp.org.pk/epd/sqdata/sqrep.asp . According to sugarcane growers that sugar cane yield is better as compared to last year harvesting.
Pakistan Sugar market, yesterday – 7/1/2014 had mixed trading activities due to slow demands in the market, as stated by brokers & traders. They further said this is also on accord of stability of Pak Rupee which is very favorable for Sugar export. On the other hand, SBP has published the Sugar Quota Form on their website http://www.sbp.org.pk/epd/sqdata/sqrep.asp . According to sugarcane growers that sugar cane yield is better as compared to last year harvesting.
Sugar News in Pakistan
Sugar News in Pakistan
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 :
Thursday, January 9, 2014
Wheat in Pakistan
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.
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.
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.
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