Daily Archives

October 25, 2012

Poultry Rates

October 25, 2012: Wholesale poultry rates on Wednesday (October 24, 2012) and for Thursday (October 25, 2012). Eggs: Rs.3120/3125 per 30 dozen; Broiler Birds (live): Rs.126 per kilogram; Cull Birds (live): Rs.102 per kilo. Rates For Thursday: Eggs: Rs.107 per dozen; Broiler Birds (live): Rs.128 per kilogram; Cull (live): Rs.104 per kilo. Courtesy: BR

Illegal makeshift cattle markets dot Karachi’s landscape

MOHAMMAD BILAL TAHIR October 25, 2012: In presumptuous violation of orders of the Sindh Home Department, elements in connivance with the Karachi Metropolitan Corporation and other relevant stakeholders have set up illegal makeshift cattle markets, which are properly organized, in various areas of city, casting doubts on the writ of the Sindh Police. Since Eid-ul-Adha, religious festival for Muslims, is fast-approaching, the appearance of illegal makeshift animal markets and…

US soya up for third day on tight supply

October 25, 2012: Chicago soybeans edged higher on Wednesday, rising for six out of the last seven sessions as the market was buoyed by strong demand and tightening supplies as US farmers hold back freshly harvested crops. Corn eased for a third day in a row on lacklustre demand for US supplies, while wheat slid 0.3 percent with losses being capped by concerns over production in top exporting nations. Chicago Board of Trade November soy rose 0.1 percent to $15.55-1/2 a bushel by 0329 GMT.…

Millat Tractors profit after tax increases

October 25, 2012: The profit after tax of Millat Tractors has increased to Rs 354.471 million in the quarter ended September 30, 2012 as compared to Rs 244.407 million earned in the corresponding quarter in 2011. The board of directors of the company in its meeting held on Wednesday declared that the company's earning per share has increased to Rs 9.68 in the period under review against Rs 6.68 in the same quarter last year. According to the financial results sent to Karachi Stock…

High input costs to adversely impact wheat output

ABDUL RASHEED AZAD October 25, 2012: The domestic wheat production is expected to decline during Rabi Crop Season 2012-13 on the back of high input costs, officials and agriculture experts said on Wednesday. They said that growers were not ready to dedicate additional land for wheat sowing because of surging prices of fertiliser, electricity and diesel. Therefore, Pakistan is estimated to produce 23 million ton of the food grain in 2012-13. Pakistan has harvested bumper wheat crops for…

Rotterdam vegetable oil prices

October 25, 2012: Wednesday's Rotterdam vegetable oil prices at 1600 GMT. SOYOIL EU degummed: euro tonne fob ex-mill November 2012/December 2012 915.00 January 2013 918.00 February 2013/April 2013 925.00. RAPEOIL Dutch/EU: euro tonne fob ex-mill October 2012 unquoted November 2012/January 2013 953.00 +11.00 February 2013/April 2013 953.00 +13.00 May 2013/July 2013 953.00 +13.00. SUNOIL EU: dollars tonne ex-tank six ports option January 2013/March 2013 1255.00 +5.00 April 2013/June…

Palm oil futures up

October 25, 2012: Malaysian palm oil futures inched up on Wednesday as investors bet on increased festival demand for the tropical oil, although prices were locked in a tight range due to lingering concerns over record-high stocks. The upcoming Diwali festival celebrated by major vegetable oil importer India could lead buyers to snap up palm oil, easing a growing stockpile in the world's No 2 producer. In addition, cargo surveyor data showing Malaysia's palm exports grew as much as 17…

US soy eases, wheat dips on economy worries

By Imaduddin SINGAPORE, 25 October 2012: US soybean futures fell half a percent on Thursday to snap three straight sessions of gains and corn was little changed, with weak corporate earnings and concerns over global economic growth dragging on investor appetite for risk. Wheat edged lower after climbing nearly 2 percent on Wednesday on hopes that Ukraine's ban on wheat exports would boost demand for US grains. Asian shares steadied on Thursday, but sentiment remained…

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