Daily Archives

November 14, 2012

Odetta’s Farm

Bill Gates narrates the story of one woman's progress against poverty and hunger.

Fertiliser plants on SNGPL network: no deal on resumption of gas supply

November 14, 2012 The Ministry of Petroleum and Natural Resources and fertilisers firms on Tuesday failed to reach an agreement on the resumption of gas supply to fertiliser plants from the Sui-Northern Gas Pipelines (SNGPL) network. A meeting, held here with Dr Asim Hussain, the Prime Minister''''s Advisor on Petroleum, in the chair, which discussed various options for resuming the gas supply to the fertiliser sector. A senior industry official, who attended the meeting,…

Only three mills begin cane crushing

MOHAMMAD BILAL TAHIR November 14, 2012 After the passage of two weeks, cane crushing in the province could not start in full as only three of the total 32 sugar mills have so far started their operations, sources told Business Recorder. "The non-operational mills are expected to begin their operations after Muharram," they said, adding that the boilers of all mills have been lighted. One of the major reasons behind the failure of mills to start operations is the lack of labour, which…

Rice exporters miffed by rising paddy price

November 14, 2012 Escalating paddy price has caused sheer distress amongst rice exporters. Paddy prices in Pakistan has increased over 30 percent in past week owing to misleading news about less crop and role of hoarders and investors in rice trade. 'The current high prices have knocked us out of the international competition due to ineffective pricing against our neighbouring country India. The rice export orders have observed an exponential decline of 60 percent than last…

Reko Diq case: Supreme Court tells lawyer to finish arguments today

November 14, 2012 A three-judge bench headed by Chief Justice Iftikhar Muhammad Chaudhry adjourned the hearing of the Reko Diq case on Tuesday, directing the petitioners'' lawyer to conclude his arguments and submit a written reply on Wednesday (today). The bench resumed the hearing of identical petitions filed against the federal government''s decision to lease out gold and copper mines in Reqo Dik in Balochistan''s Chagai district to foreign companies. During the proceedings, Raza…

Faisalabad yarn and fibre prices

November 13, 2012 Cotton yarn rates in rupees per 10 Lbs on Monday (November 12, 2012). D.S. 3100.00 Babri 3100.00 Habib Auto 3200.00 Diamond Gate 3375.00 ---------------------------------- 30/S Cone (Polyester Cotton) ---------------------------------- Gold Star 145.00 Sun 140.00 JK 136.00 Bilal 123.00 Tahir Rafique…

Wheat firms as US crop deteriorates, soy up for 2nd day

Wednesday, 14 November 2012 By Asad Naeem SINGAPORE: Chicago wheat edged higher on Wednesday, snapping a three session declining streak, as a further decline in the condition of the US winter crop supported the market. Soybeans rose for a second straight session with a fall in prices to a four-and-half month low boosting demand from the end users, while corn gained as tight global supplies continue to underpin the market. The gains in agricultural markets were capped by…

Rains fortify Brazil’s coffee crop

November 14, 2012 Heavy showers have swept over Brazil's south-eastern coffee belt and more are due in the next few days, restoring soil moisture after a dry spell began harming the new coffee crop, weather forecaster Somar said on Monday. Agronomists said last week that lack of rain at the outset of the coffee crop was turning critical as some of the tiny coffee fruit withered due to lack of moisture and high temperatures, although the damage was not widespread. …

Cotton Spot Rates

November 14, 2012 Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 13, 2012). =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE GRADE 3 STAPLE LENGTH 1-1/32" --------------------------------------------------------------------------- MICRONAIRE VALUE BETWEEN 3.8 TO 4.9 NCL…

HRW wheat bids steady

November 14, 2012 Spot basis bids for hard red winter wheat in the US Plains were mostly steady on Tuesday with light farmer selling. Basis climbed a penny a bushel for Gulf wheat but otherwise bids were steady. Mill demand was expected to slow ahead of the Thanksgiving holiday next week. Protein premiums for railcar wheat to and through Kansas City remained unchanged. Beneficial moisture through parts of the Plains helped the new wheat crop. Western areas of the wheat belt…

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