Daily Archives

November 25, 2012

Coastal belt of Sindh, Balochistan: PODB mulling restoration of ‘palm oil trees’ project

November 25, 2012 ZAHID BAIG Pakistan Oilseed Development Board (PODB) is contemplating restoration of its 'Palm Oil Trees' cultivation project along the coastal belt of Sindh and Balochistan to meet the increasing demand of edible oil and save the precious foreign exchange being spent on import of palm oil. Sources told BR here on Saturday that the PODB Managing Director Syed Nasir Ali Shah recently undertook an extensive tour of the country after restoration of the…

Argentina cuts wheat output view due to floods

November 25, 2012 Argentina's government cut this season's wheat output forecast, citing three months of heavy rains that started in August and flooded key parts of the Pampas farm belt, the Agriculture Ministry said on Thursday. The South American grains powerhouse is seen producing 11.1 million tonnes of wheat in the 2012/13 crop year, down from the government's previous forecast of 11.5 million tonnes, the ministry said in its monthly crop report. "Yields, up to this…

China to launch its own dry freight index

November 25, 2012 The Shanghai Shipping Exchange (SSE) will launch next week to track vessels carrying goods and energy to the world's largest commodities consumer, the exchange president told Reuters on Friday. The new dry bulk index will launch on November 28 based on strict price collection from charterers, brokers and ship owners and focus only on China, SSE President Zhang Ye said in an interview. He said it was not aimed at challenging the Baltic Dry Index which has long been…

Reko Diq case: Supreme Court resumes hearing tomorrow

November 25, 2012 KHUDAYAR MOHLA The Supreme Court will resume the hearing of identical petitions on Reko Diq mining lease to foreign companies from Monday after two-day break. A three-member bench, comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Gulzar Ahmed and Justice Sheikh Azmat Saeed will resume the hearing on November 26 on Reko Diq case filed by Dr Abdul Haq Baloch and others. During last week's hearings, the Supreme Court said that it would look into…

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