November 24, 2012

Nov 24, 2012 LUDHIANA: Irresponsibility is the last thing one would expect from an institution of the stature of Punjab Agricultural University. But where the waste disposal system is concerned, the varsity has thrown caution and regard for scientific principles to the wind and dumped garbage in an open space near fields of rice, grapes and kinnow. The act does not go unnoticed, especially among students in front of whom the varsity should be setting an example. Manjeet Singh of the…

November 24, 2012 TAHIR AMIN The Federal Seed Certification Department has issued prior warning that new varieties of bio-tech (Bt) Cotton may not be available for the next season due to delay in obtaining commercialisation certificate from the National Bio-safety Committee (NBC), which will cause shortage of standard seeds besides, negatively affecting crop production. Informed sources revealed to BR that in February 2012, Punjab Seed Council (PSC) has approved eight BT Cotton seed…

November 24, 2012 ICE Canadian canola futures dipped on Thursday in light trade, as US markets were closed for the Thanksgiving holiday. Weaker palm oil and European rapeseed futures set the negative tone for canola. Inter-month spreading was the major trading feature. January-March spread settled at a January premium of $2.40, trading 1,168 times. January canola eased 80 cents to $578.40 on volume of 2,173 contracts. March canola shed 80 cents to $576 on volume of 1,626 contracts.…

November 24, 2012 Soya export premiums at the US Gulf Coast were steady to firm on Wednesday, underpinned by demand from top importer China, traders said. Private exporters struck deals to sell 120,000 tonnes of US soyabeans to China for delivery during the 2012/13 marketing year, the US Agriculture Department (USDA) said. Exporters also reported sales of 20,000 tonnes of US soyabean oil to China and 56,000 tonnes of US soyabean oil to unknown destinations for delivery in 2012/13, the…

November 24, 2012 Indian soyabean futures extended losses for a third straight session, tracking a fall in overseas prices and on an estimated increase in production, while soyaoil edged higher due to a rise in demand from north India and weakness in the rupee. Rapeseed futures rose on short-covering, after falling nearly 3.5 percent in previous three sessions. Malaysian palm oil futures were down 1.31 percent at 2,411 ringgit per tonne at 10 GMT. "Soyabean prices are under…

November 24, 2012 Rain will reach dry soyabean farms in southern Brazil by the weekend and persist into next week, weather forecaster Somar said on Wednesday, bringing moisture that should kick-start the germination of the newly-seeded crop after a short dry spell. Dryness in the far-southern state of Rio Grande do Sul has turned into a concern for soya traders, with only a fraction of the average rainfall for November having fallen so far, heightening the risk seeds could…

November 24, 2012 China's soyabean imports will grow at their slowest pace in six years this marketing year as sluggish demand and poor crushing margins dent purchases by the world's top buyer, a Reuters poll showed. China, which buys 60 percent of the world's traded soyabeans, is likely to import 61 million tonnes in the year to September 2013, a gain of just 3 percent from a year ago and 3 percent below a US Department of Agriculture (USDA) estimate. A slowdown in China's…

November 24, 2012 Malaysian palm oil futures fell for a fourth straight session on Friday and posted a third weekly loss in four, as investors remained concerned over slowing demand for the edible oil as prospects for global economic growth remained dim. Investors were also cautious ahead of a European meeting on Monday, when international lenders would gather for a second time to reach a deal to release emergency aid for Greece. Malaysia, the world's second largest palm oil producer,…

November 24, 2012 Friday's Rotterdam vegetable oil prices at 1700 GMT. SOYOIL EU degummed: euro tonne fob ex-mill December 2012 880.00 +0.00 January 2013 880.00 +0.00 February 2013/April 2013 885.00 +0.00 May 2013/July 2013 890.00 +0.00. RAPEOIL Dutch/EU: euro tonne fob ex-mill February 2013/April 2013 925.00 +0.00 May 2013/July 2013 925.00 +0.00 August 2013/October 2013 915.00 +0.00. SUNOIL EU: dollars tonne ex-tank six ports option January 2013/March 2013 1245.00 +0.00 April…

November 24, 2012 Chairman Basmati Growers Association (BGA) Hamid Malhi said here on Friday that prices of Pakistani basmati rice are still lower than the prices of Indian basmati rice. "Pak basmati paddy prices range between Rs 1850-1900 per 40 Kg and are expected to increase further due to less production of this quality", he said this while talking to Business Recorder. He said average basmati paddy rice prices in India continue to soar, around $490 per ton in November, up around…