Monthly Archives

August 2012

Long, hot summer sends food prices soaring

Hong Kong, August 31, 2012: A summer of droughts and extreme temperatures across the world threaten the planet's most vulnerable people, as food prices rise. A new report from the World Bank has revealed global food prices soared by 10% in July, with staples such as maize and soybean increasing by 25% to an all-time high. The drought-hit United States -- the world's largest exporter of grains such as maize -- is facing the worst production shortfalls since the "Dust Bowl" of the 1930s,…

Cotton prices steadier on mill demands

DR ZAFAR HASSAN August 31, 2012: After an easy condition on the cotton market at the beginning of this week, prices became steadier on Thursday due to mill demand and also some covering by the exporters. Scattered rains in several parts of Sindh in such stations as Mirpurkhas, Tando Adam, Kunri and Sanghar and cloudy weather in Punjab have imparted a modicum of steadiness to lint prices. Higher values on the cotton futures market (ICE) in New York have also influenced cotton rates to…

Sindh farmers resent shortage of water

August 31, 2012:  Farmers Associates Pakistan (FAP) have strongly resented the problem of shortage of water being faced by the farmers of Sindh for their irrigation needs and indifferent attitude of the Sindh and federal governments towards solving this issue at the earliest. FAP in a specially convened meeting by its President Dr Tariq Bucha strongly objected to the indifference and apathy of both the governments in the prevalent drought conditions in Umer Kot, Badin and Khairpur Mir and…

NFS&R ministry to submit proposal for imposing ban on wheat export

FAZAL SHER August 31, 2012:  The Ministry of National Food Security and Research (NFS&R) has decided to submit a proposal in the next meeting of Economic Co-ordination Committee (ECC) for imposing ban on wheat export to avert wheat shortage in the country. "The ECC had allowed export of wheat in 2011 because of surplus wheat stock in the country. The decision of EEC might encourage huge export of wheat to drought hit USA, Russia, Argentina and other European countries which would…

Petition on KBD: government trying to exploit domestic resources, LHC told

August 31, 2012:  The federal government here Thursday told to the Lahore High Court that it had been pursuing all ways and means to exploit indigenous resources for generating electricity, including alternate and hydropower portfolio. The ministry of water and power said this in a written reply submitted to the court with regard to hearing of a petition seeking construction of Kala Bagh Dam (KBD) to end the power crisis in the country. It said that the federal government and Wapda are actively…

UGA Searching For Best Grass For Biofuel

http://youtu.be/7JfCFcXl7vI Growing grass for fuel is the purpose of current research being conducted by the University of Georgia. The Monitor's Mark Wildman visited with one scientist who is experimenting with various types of grasses that one day may provide a renewable fuel source for the United States. Courtesy: GeorgiaFarm

‘Mills to earn 35 percent profit’

August 29, 2012: Agriculture Forum Pakistan (AFP) Chairman Muhammad Ibrahim Mughal on Tuesday alleged that flour millers after fresh increase in flour prices will earn 35 percent profit by putting an additional load of Rs 34 billion on the urban population. Reacting to the increase in flour prices here on Tuesday, Mughal during a chit chat with media claimed that the flour mills had bought wheat from the growers at Rs 25 per kilograms but would sell it at Rs 34 per kilogram to the masses.…

Flour prices increased

August 29, 2012: Pakistan Flour Mills Association (PFMA-Punjab Branch) on Tuesday announced increasing flour prices to Rs 34 per kilogram at the retail level from the previous Rs 31 per kilogram, citing the increase in wheat prices and diesel and electric tariff as the reason. This is the second raise in the last two weeks as the Association earlier had announced a raise in flour prices before Eid when the prices of 20 kilograms bag was increased from Rs 585 to Rs 610 per bag because of the…

Green Tractor Scheme: applications to be scrutinised on merit

August 29, 2012:  Commissioner Lahore Division Jawad Rafique Malik has said that applications from rural youths in connection with transparent balloting for Green Tractor Scheme would be scrutinised purely on merit basis. He also said the scheme is an exemplary project by the government, which has been launched for the welfare of the rural youths. He expressed these views while presiding over a meeting regarding implementation of Green Tractor Scheme for rural youths here on Tuesday,d…

TCP awards tender for import of 300,000 tonnes of urea

August 29, 201:  Trading Corporation of Pakistan (TCP) has issued award letters to four bidders for import of 300,000 tons of urea for Rabi season. Deals for import of 200,000 tons of urea were finalised on Monday, while remaining quantity of 100,000 tons was awarded on Tuesday to complete the tender quantity. In response to urea import tender opened on August 27, 2012, TCP has decided to award contract to import of 300,000 tons of urea at lowest prices of $399.38 per ton cost and freight…

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