Daily Archives

October 19, 2012

Ukraine Wheat Exports Threatened

By MICHAEL HADDON and NEENA RAI Ukraine's stocks of exportable wheat may run out within weeks, according to the country's agriculture ministry, meaning it could become the first leading producer to impose trade restrictions that could lead to a further damaging spike in world food prices. The country has contracted a total of 5.4 million metric tons of wheat for shipment this marketing year, which already accounts for the country's total exportable surplus, Ukraine's First Deputy…

Pakistan, Italy ink agreement for promotion of olive farming

ISLAMABAD, Friday, October 19, 2012: A three-year project has been launched under the debt-swap agreement between Pakistan Agriculture Research Council (PARC) and the Italian government for promotion of olive farming in Pakistan, a top official in the council said on Thursday. As many as 1,500 hectares of land would be brought under olive cultivation within the next three years with an aim to exploit the potential in this particular sector and make the country self-sufficient in olive…

Diamer-Bhasha Dam project: ADB urged to act as lead financier

October 19, 2012: Pakistan has requested the Asian Development Bank (ADB) to act as lead financier for $4.792 billion loan for the construction of Diamer-Bhasha Dam project designed to generate 4500 MW electricity and live water storage capacity of 6.4 million acre feet (MAF), it was learnt. Sources told Business Recorder that the ADB was requested to act as lead financier of Diamer-Basha Dam project here on Thursday by the economic team led by Finance Minister Dr Abdul Hafeez Sheikh and…

Agriculture university develops new rice variety for saline field

KANNUR, Oct 19, 2012: The Agriculture University in Padannakkad has developed another rice variety for the saline-prone 'kaipad' fields that are common in north Malabar. "All varieties of seeds will not give the desired results due to the saline nature of the 'kaipad' fields. Hence we constantly undertake research to develop new varieties that can grow in highly saline and acidic conditions," said T Vanaja, chief researcher in the agriculture college. "Though we have successfully…

Sugarcane growers reject support price of Rs 170 per maund

October 19, 2012: Different organisations representing sugar cane growers have rejected the support price of Rs 170 per maund announced by the Punjab government for sugar cane for the season 2012-13 saying that it should be fixed again after consultation with all the farmers' organisations. Kisan Board Pakistan (KBP) President Sardar Zafar Hussein Khan in a statement termed the Rs 170 per maund minimum procurement price for sugar cane as anti-farmer step and urged the government to fix it…

Australian sheep: importer withdraws petition against culling of sheep

GHULAM ABBAS October 19, 2012: In another dramatic move, the importer of Australian sheep, who had moved the court against the culling of controversial animals, withdrew his petition on Thursday. Soon after the fresh development, the culling of sheep may again start, as the court's stay on the process become ineffective. The Sindh High Court, on the request of the petitioner, discharged the case against the culling of Australian sheep on Thursday. During the hearing on Thursday, the…

National goat show begins today

October 19, 2012: All preparations have been finalised to kick off a three-day National Goat Show at University of Agriculture from October 19 to 21, 2012. The objectives of the show is to provide an opportunity to the animals farmers to sell their sacrificial animals in the heart of the city and at the same time to open a window to the local buyers under one umbrella so purchase sacrificial animals on competitive and affordable rates. The goat show would consist Flock Beauty (5 females +…

Palm oil edges up on demand view, set for weekly gain

By Shoaib-ur-Rehman Siddiqui KUALA LUMPUR, 19 October 2012: Malaysian palm oil futures rose on Friday, with market players confident of a recovery in demand thanks to strong Malaysian exports in the first half of the month and a major festival next month. Friday's light trade was enough to put palm oil on track for a second weekly gain, buoyed by expectations of stronger demand that could ease record stocks. "There are more purchases from India and China - India especially - because…

Tokyo rubber futures fall 3pc on China demand worry

Shoaib-ur-Rehman Siddiqui Friday, 19 October 2012: TOKYO: Tokyo rubber futures fell more than 3 percent at one point on Friday on fading optimism about demand in China, the world's biggest rubber consumer, after bearish official comments on its trade sector. China's September trade data, which showed a surge in exports at twice the rate expected and a return to import growth, are not yet enough to confirm that a recovery is in place for the external sector, the Commerce Ministry said…

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