International Cotton Market Report as on 24th November 2017

Last Night NYC Closing

ICE COTTON CLOSING PRICE

Date	Contracts	Change	Open	High	Low	Settle	PKR
24-11-2017	Dec 18	0.41	70.94	71.2	70.7	71.11	6167.22
24-11-2017	Mar 18	0.79	71.14	72.08	71.07	71.93	6238.34
24-11-2017	May 18	0.84	71.92	72.93	71.92	72.82	6315.53
24-11-2017	Mar 19	0.35	70.92	70.92	70.92	70.92	6150.74
24-11-2017	Oct 18	0.5				71.53	6203.65
24-11-2017	Mar 19	0.35	70.92	70.92	70.92	70.92	6150.74

World & Domestic Cotton Market

	Current Price	Prices on same Date Last Year (24-11-2016)
COTLOOK
Cotlook Index (cents/lb) ‘A’ Index	81.60	80.50
USA
New York Cotton Market Contract No.2
(cents/lb)’Dec-2017	71.93	72.38
Mar-2018	72.82	71.30
(24-11-2017)
CHINA
China Cotton Index Yuan/M . Ton	15,881	15,999
(27-11-2017)
INDIA
S6 29 MM (Per Candy)	37000-37300	38800-39100
V797 – 22-23 mm (Per Candy)	28700-32100	27000-32800
MCU5 30-31 mm (Per Candy)	37700-38600	39300-39800
(25-11-2017)
PAKISTAN
Karachi Cotton Association (Spot Rate)	6,745	6,385
Ex-Karachi	7,228	6,843
Rs. per 40 kgs. Rs. per maund (Equivalent cents/lb.)	77.77	74.33
(24-11-2017)

NYC Closing For The Week #47

Days	Price	Open	High	Low	Change %
22-Nov-17	71.19	70.06	71.75	69.91	1.60%
21-Nov-17	70.07	70.66	71.34	69.55	-1.05%
20-Nov-17	70.81	69.85	70.92	69.43	1.33%
17-Nov-17	69.88	69.23	70.08	69.23	0.88%
16-Nov-17	69.27	68.96	69.50	68.81	0.60%
Source: ICE			Dated: 22-11-2017

International Sugar Market Report 27th Novembert 2017

Sugar Market Commentary:

• General Comments:

  Futures were lower in both New York and London again yesterday. Futures have now fallen back into the recent range. Chart patterns are more neutral now due to the weakness in futures as a breakout higher seems to be failing. Brazil features reduced sugarcane crush and continued emphasis on ethanol production and reduced Sugar production as it moves to cover domestic demand at the expense of exports. Trends are turning up in London and in New York after the price action last week on ideas of reduced availability of Sugar to the market. There have been no big demand reports, and the lack of demand against ideas of big world production are keeping the market in a fundamentally bearish mode. Even so, the charts in both New York and London imply that higher prices are still possible

• Overnight News:

  Brazil should feature showers and storms this and next week and drier weather this weekend. Temperatures should be near to above normal today and tomorrow, then near to below normal

• Chart Trends:

  Trends in New York are mixed. Support is at 1480, 1460, and 1430 March, and resistance is at 1520, 1550, and 1580 March. Trends in London are mixed. Support is at 383.00, 380.00, and 377.00 March, and resistance is at 393.00, 396.00, and 399.00 March.

Landon Sugar # 5 Closing
Month	Settle	Change	High	Low	Total Vol.
Mar 18	397.10	2.3	397.90	394.00	3573.00
May 18	399.70	1.1	400.80	397.80	1390.00
Aug 18	404.10	1.3	404.80	401.90	442.00
Oct 18	405.80	1	406.50	404.30	90.00
Dec 18	410.90	0.2	411.30	410.70	58.00
Dated: November 24, 2017			Source: ICE

For Complete Report : Click Here

International Sugar Market Report 27th September 2017

[panel title="Sugar Market Commentary" class="col-md-8 col-lg-8 col-sm-12 col-xs-12" headingbg="#147534" headingfg="#fff" headingsize="20px"]

General Comments:

Futures were lower in both New York and London on more forecasts for rains in Brazil production areas. The precipitation is expected by the end of the week, and initially will provide poor coverage. But it is a sign that the rainy season is coming and ideas are that production potential for Brazil can now start to improve. The rains come as the market thinks more and more about La Nina and the potential for drought in pasts of Brazil this year. Cash markets show weakening differentials between whites and raws, so London remains the weaker futures market. Weaker differentials imply either too much production or too little demand or both. Brazil mills are now processing more for ethanol than Sugar as the ethanol pays better and processors can get some better tax treatment in the country. Upside price potential is limited as there are still projections for a surplus in the world production,and these projections for the surplus seem to be bigger. Trends are sideways in New York and sideways to down in London.

Overnight News:

Brazil should feature warm and dry weather for the next week. China imported 196,578 tons of Sugar in August, down 45% from last year. Calendar year to date imports are now 1.7 million tons, down 21% from last year.

Chart Trends:

Trends in New York are mixed. Support is at 1430, 1410, and 1380 March, and resistance is at 1490, 1520, and 1550 March. Trends in London are mixed to down with objectives of 357.00 and 340.00 December. Support is at 360.00, 354.00, and 348.00 December, and resistance is at 372.00, 375.00, and 384.00 December.

London Sugar # 5 Closing

Month	Settle	Change	High	Low	Total Vol.
Dec 17	355.60	-6.60	365.20	354.50	5,244
Mar 18	362.50	-8.00	373.30	361.80	3,093
May 18	372.20	-9.30	384.00	371.60	563
Aug 18	382.10	-393.80	381.40	381.40	428
Oct 18	388.50	-9.30	400.50	387.90	102
Dated: 26-09-2017			Source: ICE

---

Sugar # 11 Closing

Month	Settle	Change	High	Low	Total Vol.
Oct 17	13.21	-0.53	13.88	13.11	39,810,
Mar 18	13.91	-0.44	14.47	13.81	65,641
May 18	14.10	-0.43	14.64	14.01	13,414
Jul 18	14.33	-0.41	14.85	14.26	3,963
Oct 18	14.75	-0.39	15.21	14.66	2,464
Dated: 26-09-2017			Source: ICE

For Complete report Cleck Here

Federal govt. decides to improve Indus Highway under CPEC: Muqam

 

Federal Government has decided to widen and improve Indus Highway under China Pakistan Economic Corridor at a cost of twenty billion rupees.

In an exclusive interview with our Peshawar correspondent, Adviser to the Prime Minister Engineer Amir Muqam said the two hundred and thirty five kilometers long Indus Highway will be converted into a four lane highway in three years.

He said on completion it will boost trade and business activities in southern districts of Khyber Pakhtunkhwa.

For More News

Pakistan's soybean imports on the rise

Pakistan continues to increase its purchasing of soybeans with imports expected to reach a record 1.6 million tonnes during 2016-17 and 2 million tonnes during 2017-18, according to a recent Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department of Agriculture. Higher imports are a reflection of a tariff structure that favors soybeans over soymeal and growing demand from Pakistan’s poultry sector.

The report said imports of edible oils are proving to be slower than forecast as higher prices curb demand and increased imports and crushing of canola and soybeans offset some of the need for edible oil imports. Imports of both palm oil and soybean oil are now expected lower, but Pakistan remains one of the largest vegetable oil importers.Read More

Timely completion of energy projects under CPEC ensured

ISLAMABAD/BEIJING: Spokesman China Pakistan Economic Corridor (CPEC) on Wednesday said that all energy projects under CPEC would be completed by the given schedule and there was no confusion between Pakistan and China on this issue.

In a statement issued here, the spokesman said that the energy projects were initiated keeping in view the ongoing energy shortage in the country, out of which four projects had already been completed whereas work on other projects was underway according to the give time schedule.

Clarifying news item published in a newspaper, the spokesman said that during the sixth Joint Coordination Committee (JCC) on CPEC held in Beijing in December last year, the two countries decided to review the list of energy projects and to replace those projects which were not scientifically and technically unfit with the new ones.Read More

Satellite and text messages: Pakistani farmers' new irrigation tools

It is still beyond farmer Mohammad Ashraf’s comprehension that people in Islamabad can predict that it will rain in the next two days in his village. He is also astonished that, based on this prediction, they can tell him how much he should water his rice and sugarcane plantations.

“I marvel at this science of being able to predict something that is unknown and in God’s hands,” says the 36-year-old farmer. Read More

10 Days Weather Advisory for Farmers 11th to 20th June 2017

Temperature Forecast

Day temperatures are expected slightly above normal in most parts of the country, however night temperature are expected normal in most of the agricultural parts of the during the decade.

Rain Forecast

• Punjab

Light to moderate rainfall is expected in most parts of the province during the current decade. 

For More Detail : http://par.com.pk/news/10-days-weather-advisory-for-farmers-11th-to-20th-june-2017