Daily Archives

November 20, 2012

Using crop loans to buy jewels will not help agriculture

Nov 21, 2012 Chennai: The Tamil Nadu finance minister on Tuesday said that classifying jewel loans as crop loans would not help improve agriculture. In his speech at a meeting of Union Finance Minister with Chief Min isters of South Zone States, Union Territories and CEOs of Public Sector Banks and Financial Institutions at Bangalore, O Panneerselvam said lending to the farm sector by banks had shown a remarkable increase over the years. However, the bulk of this lending is dominated…

Pak scientist develops highest yielding rice strain

November 20, 2012 By Sayyed Paras Ali A Pakistani scientist, Dr Fida Abbasi has developed Super NPT technology which is a unique technology for increasing the rice production of the country. Dr Abbasi had been serving at Hazara University Mansehra as a professor at the Department of Genetics. “By applying this technology the number of grains per panicle of rice plant had been increased from 250 to 700,” Dr. Abbasi said this while talking to the media here. According to him, the…

Agriculture: R8.3 million boost for sustainable agriculture

Nov 20, 2012 Agriculture-South Africa - Nedbank has invested R8.3-million in conservation group WWF South Africa's Sustainable Agriculture Programme, which aims to tackle food security challenges as well as protect natural resources in the country. "A recent United Nations report titled 'Food and Agriculture: The future of sustainability' stresses the urgent need for the worldÂ’s farmers to be empowered to produce more food per unit of land, water and agrochemicals, while confronting…

Better crop yield drags tomato prices down

November 20, 2012 By Tanveer Sher KARACHI: After very high prices of tomato in wholesale and retail markets in Karachi for last three weeks, a sharp decline was witnessed during the last one week in its prices on back of better crop of the vegetable in the growing areas of Sindh. High demand of tomato had pushed its price to the level of Rs 60 to Rs 70 per kilogrammes during Eid ul Azha. Haji Shahjahan President Wholesale Vegetable Welfare Association Sabzi Mandi verified Daily…

Textile Policy 2009-14 : MinTex achieved only 22% of textile sector uplift target in 3 years

Ministry of Finance, Planning Commission not releasing funds November 20, 2012 By Razi Syed KARACHI: The Ministry of Textile (MinTex) could only manage to achieve 22 percent of its targets for the development of textile sector in the country during the last three years. The implementation of the Textile Policy 2009-14 was facing shortage of funds and against a total allocation of Rs 123 billion, Ministry of Finance (MoF) has only released Rs 24 billion (20 percent) of…

PHDEC to promote date palm cultivation in Punjab

November 20, 2012 Pakistan Horticulture Development and Export Company (PHDEC) is looking forward to boost the horticulture sector of Pakistan and will go for serious measures to increase the export of fresh and dried dates. This was stated by Assistant Manager, Supply Chain, PHDEC Omar Hafeez while speaking at a one-day seminar on date palm cultivation in Punjab at Ayub Agriculture Research Institute (AARI), Faisalabad. According to a spokesperson of the company, Omer further added…

Wheat procurement: Punjab fixes four million tons target for fiscal year 2014

November 20, 2012 M RAFIQUE GORAYA The Punjab government has fixed wheat procurement target for FY 2013-14 at 4 million tons to beef up its wheat stocks. Punjab contributes nearly 80 percent of the total wheat production. Senior Advisor Sardar Zulfiqar Ali Khan Khosa presided over a high-level meeting here on Monday to finalise arrangements for next year's wheat procurement campaign. Special Assistant to CM, Manshaullah Butt, Secretaries of finance, agriculture, food and industry…

Russian domestic wheat prices rise

November 20, 2012 Gains in Russian domestic wheat price began to accelerate last week as sales from government intervention stocks failed to cool down a drought-hit market, SovEcon agriculture analysts said in a note on Monday. "Expectations of price declines due to (grain) interventions are not immediately taking shape, while many buyers have to think about building stocks for late December and early January," SovEcon said. Russia, one of the world's key wheat exporters, is aiming to…

UAF assistance for kinnow export

November 20, 2012 FAISALABAD  - University of Agriculture Faisalabad (UAF) will provide technical assistance for the support of 375 containers of Kinnow to European Market. This was revealed during the visit of 3-member German delegation headed by Norbert Traublinger to University of Agriculture Faisalabad here on Monday. The other members of delegation include: Normet Franz, Arshad Mansoor and Shahzada Khurram. The delegation called on Vice Chancellor Prof. Dr. Iqrar Ahmad Khan at…

Rotterdam vegetable oil prices

November 20, 2012 Monday's Rotterdam vegetable oil prices at 1700 GMT. SOYOIL EU degummed: euro tonne fob ex-mill December 2012 878.00 +15.00 January 2013 878.00 +15.00 February 2013/April 2013 878.00 +10.00. RAPEOIL Dutch/EU: euro tonne fob ex-mill February 2013/April 2013 920.00 +10.00 May 2013/July 2013 920.00 +10.00 August 2013/October 2013 910.00 +10.00. SUNOIL EU: dollars tonne ex-tank six ports option January 2013/March 2013 1220.00 +5.00 April 2013/June 2013 1220.00…

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