Monthly Archives

October 2012

Agricultural production ‘may contribute to 29 pc of global greenhouse gas emissions’

Washington, October 31 (ANI): Feeding the world releases up to 17,000 megatonnes of carbon dioxide into the atmosphere annually, a new analysis has revealed. According to the report by the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS), while the emissions "footprint" of food production needs to be reduced, a companion policy brief by CCAFS lays out how climate change will require a complete recalibration of where specific crops are grown and livestock are…

Vegetable exports up, fruit exports down in first quarter

By Parvez Jabri ISLAMABAD, 31 October 2012: Exports of vegetables increased by 3.4 percent during the first quarter of the current fiscal year as compared to the same period of last year. The exports of vegetables were recorded at US$26.716 million during July-September (2012-13) against the exports of US$25.838 million during July-September (2011-12), according to the data of Pakistan Bureau of Statistics. The vegetable exports witnessed surge 18.46 percent during the…

Russian wheat prices hit new high despite government sales

October 31, 2012: Russian domestic wheat prices rose last week to a new high despite sales from government intervention stocks last week aimed at steadying markets in the drought-hit country, SovEcon agricultural analysts said in a note on Monday. Last week Russia, one of the world's top wheat exporters, began wheat stock sales to help curb food inflation, but traders and analysts said this would not be enough to lower domestic prices, predicting more action would be needed. The Russian…

Cotton market: lean business activity amid post-holiday session

October 31, 2012: Mills and spinners showed no interest in fresh buying amid pos-holiday session, dealers said on the cotton market on Tuesday. Official spot rate was unchanged at Rs 5,650, they said. In the ready business, nearly, 5,000 bales of cotton changed hands between Rs 5650-5800, they said. Seeds cotton prices in the Punjab and Sindh were same at Rs 2400-2700, they said. Market sources said that not much activity was seen as leading buyers were sidelines on lack of buying…

Minimum purchase price of sugarcane fixed at Rs 170 per 40kg

October 31, 2012: The Punjab government has fixed minimum purchase price of sugarcane for the season 2012-13 at Rs 170 per 40 kilograms or Rs 425 per 100 kilograms (per quintal). In an announcement made here on Tuesday, the minimum purchase price is fixed at the factory gate as well as at the Cane Purchase Centres for the current crushing season. However, sugar factories may deduct from the purchase price, the transportation charges incurred by them on the cane purchased at purchase…

Turkish organisations distribute 150,000 kg of meat among deserving peopl

October 31, 2012: Two Turkish organisations sacrificed twelve hundred animals on Eid-ul-Azha and distributed meat among the needy. Pak-Turk International Cag Educational Foundation (Pak-Turk ICEF) and Kisme Yokmu, a Turkish aid organisation sacrificed 1,200 cows and bulls in eight cities and reached thirty thousand needy families with a packet of five kilogram of meat. In Islamabad three hundred animals were sacrificed and meat equally distributed among deserving including widows in…

Maharashtra’s Krishna-Koyna Lift Irrigation Project wins approval from Planning Commission

MUMBAI: The Planning Commission has announced extension to Krishna-Koyna Lift Irrigation Project of the state. The Maharashtra government requested for the extension of one years’ time period without any rise in the cost of the project for which investment clearance was given. The scheme will be needing to execute according to the approved outlay in the state plan and needs to be completed by fiscal 2014-15. Moreover, the State Finance Department would be restricting the expenses to…

Training course on fish-farming

October 31, 2012: The Fisheries Research and Training Institute, Manawan Lahore is holding a three days training course entitled "Prosperity through Fish Farming" from November 05 to 07, 2012. The objective of this training is to provide essential modern scientific techniques about aquaculture/fish farming to the farmers and the information about soil and water analysis also be provided. The interested person may report for the course on November 05, 2012 at 09:00am in the office of the…

Australian Wheat Exports Plunging Most in Six Years: Commodities

31-Oct-2012: The deepest slump in Australian wheat shipments in six years will exacerbate the biggest contraction in global exports in a generation after droughts withered crops around the world. Sales by Australia, last year’s second-largest supplier, will tumble 31 percent to 17 million metric tons in the 12 months through Sept. 30, based on the median of seven analyst estimates compiled by Bloomberg. The prediction is 1 million tons lower than forecast by the U.S. Department of…

LME aluminium to rebound to $1,947

By Shoaib-ur-Rehman Siddiqui SINGAPORE, Wednesday, 31 October 2012: LME aluminium is poised to rebound more to $1,947, following the completion of a five-wave cycle. The cycle developed from the Oct. 2 high of $2,140 and ended at $1,887, and a Fibonacci retracement analysis reveals an immediate target at $1,947, the 23.6 percent level. The rebound may eventually reach $1,984, the 38.2 percent retracement. Aluminium may rise to $1,947 directly or retrace mildly first before…

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