Daily Archives

September 6, 2012

$56,000 for a 20-year-old truck?

GREG PETERSON 09/06/2012 Greg Peterson writes "Machinery Pete" column for Successful Farming magazine and appears on the Machinery Show on RFD-TV, talking about trends in the used equipment market $56,000 for a 20-year old truck? Do I even need to say I’ve been seeing auction sale prices rise here lately? Well, I have, specifically since corn and soybean prices shot up back in early August due to the difficult drought conditions this summer. So drought, but rising used equipment…

Licences introduced for fishermen

September 06, 2012:  The Deputy Director Fisheries Hyderabad has disclosed that Government of Sindh has abolished the lease/contract system from the public water areas and introduced licenses for fishermen in whole Sindh province. In his press statement available to this office, the Deputy Director Fisheries Hyderabad has further said that due to this act of government the fishermen who got licenses in the last year are required to get their licenses renewed and those who have not got license…

AFP urges government to fix minimum procurement price of rice

September 06, 2012:  Agriculture Forum Pakistan (AFP) Chairman Muhammad Ibrahim Mughal has urged the government to immediately fix the minimum procurement price of basmati paddy at Rs 2000 per maund and non-basmati at Rs 1200 per maund to get maximum production which could meet the domestic requirement as well as help increasing the rice export. Talking to media persons here on Wednesday, Muhammad Ibrahim Mughal said that previously basmati paddy was available at Rs 1400-1500 per maund and…

As on August 29, 2012: wheat stock stood at 8.543 million tons, ECC told

September 06, 2012:  The Ministry of Finance has reportedly informed the Economic Co-ordination Committee of the Cabinet that total wheat stock in the country on August 29, 2012 stood at 8.543 million tons, showing a slight decrease by 0.443 million tons over 8.976 million tons for the same period of last year. Sources said the meeting was informed that 4.230 million tons wheat stock is with Punjab government as compared to 5.076 million tons for the same period of last year whereas 1.244…

Supply of sugar to TCP: two mills fail to meet PSQCA standards

RIZWAN BHATTI September 06, 2012: Quality testing reports of two sugar mills, selected for supply of sugar to Trading Corporation of Pakistan (TCP), have been found non-conforming to PSQCA standards. Sources told Business Recorder on Wednesday that two mills have been unable to meet the quality standards of Pakistan Standard Quality Control Authority, resulting in the delay of sugar procurement from these mills. Under the sugar procurement process, TCP collected samples of sugar from all…

Irsa stores 10MAF of water in reservoirs

M RAFIQUE GORAYA September 06, 2012:  The Indus River System Authority (Irsa) has managed to store 10 million acre feet (MAF) water in the three reservoirs, Tarbela, Mangla and Chashma till 5th September after two good spells of rains in the upper regions of the country during past two weeks, Punjab irrigation engineers told Business Recorder here on Wednesday. They said earlier the water experts had estimated that due to 43 percent less normal monsoon rains till 31st August 2012 and low…

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