Daily Archives

August 10, 2012

U.S. drought, food prices fan fears of new crisis

ROME/CHICAGO, Aug 10 (Reuters) - Global alarm over a potential repeat of the 2008 food crisis escalated after data showed food prices had jumped 6 percent last month and importers were snapping up a shrivelled U.S. grain crop, helping drive corn prices to a new record. Ahead of a critical government report on Friday on the state of the U.S. corn and soybean crops, which have been decimated by the worst drought in over five decades, the United Nation's food agency warned against the kind of…

Pakistan ranked fourth among top 10 rice exporters

August 10, 2012: Thailand runs the risk this year of losing its position as the world''s biggest exporter of rice because of high prices brought about by a government intervention scheme. Forecasts from the United States Department of Agriculture (USDA) show India could leapfrog Thailand this year, having resumed exports last September after a four-year gap. Vietnam could also ship more than Thailand to retain its second place. India pulled out of the market in 2007 because of concern about…

SBP withdraws sugar export cut-off date

August 10, 2012: The State Bank of Pakistan (SBP) has withdrawn the cut-off date for the receipt of applications for sugar export and asked authorised dealers to receive applicaations till quota utilisation This step has been taken on the request of sugar exporters, as they have still not utilised their complete quota allowed by the Economic Co-ordination Committee of the cabinet. In response of Pakistan Sugar Mills Association request, ECC allowed export of 200,000 tons of sugar to ease…

KBP urges government to convene moot of water experts

August 10, 2012: (KBP) has urged the government to immediately convene a round-table conference of water and agriculture experts, politicians and defence experts to evolve a strategy for raising the Indian water aggression against Pakistan at international forums. This was the crux of the views expressed by the KBP Central Secretary General Malik Muhammad Ramzan Rohari and Senior Vice President Sarfraz Ahmad Khan while talking to journalists at an Iftar reception the other day. KBP General…

Guar: The obscure bean worth a bundle – Decoder

The little-known guar bean is now used for excavating natural gas, which caused it to achieve the equivalent of bean stardom. And with it, prices have skyrocketed. That's good for Texas bean farmers but bad for gas producers searching for a cheaper solution. (August 13, 2012) http://youtu.be/Pwibi9_lPQI

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