Daily Archives

November 13, 2012

Soybeans climb, rebound from fund-driven losses

Tuesday, 13 November By Asad Naeem SYDNEY: US soybeans rose on Tuesday, edging higher on bargain hunting after a 4-1/2-month low touched in the previous session on technical selling triggered by a larger than expected US production forecast. Corn rose slightly after sharp losses and wheat also firmed. Chicago Board Of Trade January soybeans rose 0.66 percent to $14.14-1/4 a bushel, having closed down more than 3 percent after hitting a session low of $14.02 a bushel, a level not…

Seed cotton prices hike by Rs 150/40kg

November 13, 2012 RAHIMYAR KHAN - Due to apprehensions of lower domestic cotton production against earlier estimates for the current year, the cotton ginners have prompted with enhanced purchasing of seed cotton. The prices of seed cotton (phutti) have risen by Rs 100 to 150 per 40 kg in various parts of the country and touched highest price of this season Rs 3,000 per 40 kg during last two days. It is expected that prices of cotton lint will also show corresponding upward…

Rotterdam vegetable oil prices

November 13, 2012 Monday's Rotterdam vegetable oil prices at 1700 GMT. SOYOIL EU degummed: euro tonne fob ex-mill November 2012 865.00 -17.00 December 2012 865.00 -17.00 January 2013 870.00 -17.00 February 2013/April 2013 875.00 -17.00. RAPEOIL Dutch/EU: euro tonne fob ex-mill December 2012 unquoted January 2013 unquoted February 2013/April 2013 913.00 -10.00 May 2013/July 2013 913.00 -10.00 August 2013/October 2013 903.00 -10.00. SUNOIL EU: dollars tonne ex-tank six…

Lowest offer in Bangladesh wheat tender

November 13, 2012 The lowest offer in a Bangladesh tender to buy 50,000 tonnes of wheat that opened on Monday was $359.66 a tonne, including freight, insurance and other expenses, an official from the state grains buyer said. It was the third tender issued by the state grain purchasing authority since the current fiscal year started in July, as it tries to secure supplies of wheat amid rising concerns about crops being affected by adverse weather in leading exporters the United…

Gas re-allocation to fertiliser sector: MoP facing resistance from other ministries

November 13, 2012 MUSHTAQ GHUMMAN The Petroleum Ministry is reportedly facing stiff resistance from other ministries in re-allocation of gas to fertilizer sector which has also refused to print prices on bags due to uncertain supply of feed gas, sources close to Secretary Industries told BR. Prime Minister''s Advisor on Petroleum and Natural Resources, Dr Asim Hussain who is heading a sub-committee of the ECC panel, has convened a meeting of stakeholders on Tuesday (today)…

Punjab government distributes seeds to flood-hit growers

November 13, 2012 The Punjab government has started free of cost distribution of Punjab Seed Corporation's (PSC) certified seed of different crops among the flood affected areas of the Southern Punjab. In all 98,230 bags of certified seeds worth Rs 240 million will be distributed among flood hit growers. This was stated by the Punjab Minister for Agriculture Malik Ahmad Ali while speaking at a ceremony held in this connection on Monday to distribute seeds among flood hit…

Rs 172 per 40kg sugarcane: agriculture department rejects possibility of cut in fixed price

YASIR BABBAR November 13, 2012 Sindh Agriculture department has rejected any possibility of reduction in officially fixed price of sugarcane, which has been set at Rs 172 per 40 kg, despite immense pressure from Pakistan Sugar Mills Association (PASMA). On November 8, 2012, the provincial agriculture department fixed the price of per 40 kg (mound) sugarcane at Rs 172 and directed sugar mills of the province to procure sugarcane at the official rate. It may be noted here…

Quality concerns likely to affect Pakistani wheat export to Iran

November 13, 2012 FAZAL SHER Pakistan is still awaiting a response from Iranian authorities after collection of samples of Pakistani wheat by Iranian inspectors two weeks ago to check its quality which would determine whether Iran would import one million tons of wheat as part of barter trade between the two countries. "Iranian inspectors visited Pakistan in the first week of the current month and collected samples of Pakistani wheat to check karnal bunt or Tilletia in wheat but…

International wheat production statistics

Food and Agriculture Organization figures The following international wheat production statistics come from Food and Agriculture Organization figures from FAOSTAT database, older from International Grains Council figures from the report "Grain Market Report." The quantities of wheat in the following table are in million metric tons. Country 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 EU 136.5 138.5 150.3 120.1 126.7…

US MIDDAY: grains tumble

November 13, 2012 Grain futures tumbled amid a wave of technical selling on Monday, with soyabeans sinking to a 4-1/2-month low that nearly erased gains from this summer's devastating drought. Prices were already under pressure after the US Department of Agriculture on Friday raised its estimate for US soyabean production more than expected and increased its forecast for global inventories. Monday's technical selling pushed soyabeans down 21 percent from their all-time high just over two…

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