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Pakistan Commodities

Pakistan Commodities News and Market Rates

Commodity operations: stock of loans reaches Rs 378.3 billion

March 29, 2014 With a net retirement of Rs 89.4 billion during first half of the year, the outstanding stock of loans for commodity operations reached Rs 378.3 billion by end-December 2013. According to SBP's quarterly report the net retirement in H1FY14 was more than double the amount of Rs 38.8 billion retired in the same period last year. Moreover, unlike previous year when retirement was entirely driven by the repayment of wheat loans, the net retirement in H1FY14 was broad-based.…

Import of pulses, edible oil Rs 400 billion can be saved by promoting cultivation

February 20, 2014 Recorder The country is importing pulses and edible oil around Rs 400 billion which can be saved by promoting and strengthening their cultivation. This was said by University of Agriculture Faisalabad Vice Chancellor Professor Dr Iqrar Ahmad Khan while talking to 41st Batch Common Training Programme, Civil Services Academy Lahore. The delegation was led by Additional Director Khalid Javed. The Vice Chancellor briefed the team about the agriculture sector. He said if…

Free trade of agriculture commodities: farmers’ associations for separate pact with India

February 04, 2014 Recorder: The farmers associations have demanded of the government to sign a separate agreement with India on free trade of agriculture commodities and products, as they foresee a very dangerous situation for Pakistan agriculture sector if MNF status was granted to India. As the government is holding a crucial meeting with the agriculture sector stakeholders in Islamabad on Tuesday, the representatives of the farmers told Business Recorder that they would caution the…

Grain storage re-tendering: Sindh government to conduct pre-qualifications afresh

January 23, 2014 RIZWAN BHATTI The government of Sindh has decided to conduct fresh pre-qualification process for re-tendering of modern grain bulk storage facility, a mega project for the wheat storage in the province. Sources told Business Recorder on Wednesday that recently Sindh Food Department (SFD), acting on behalf of the government of Sindh, has invited pre-qualification applications from prospective bidders in respect of a project for the financing, construction and operation of bulk…

Prices of most of essential kitchen items remain high

November 17, 2013 TAHIR AMIN Prices of most of the essential kitchen items remained on high side, as no decline was observed in their prices during the last week as compared to the preceding week, reveals a survey carried out by Business Recorder here on Saturday. Traders and wholesalers in different markets of the twin cities of Rawalpindi/Islamabad revealed that due to short supply, the gap between supply and demand widened. Whereas, there was also an artificial shortage of…

Essential commodities: ACs directed to take action against hoarders

November 10, 2013 DCO Noorul Amin Mengal ordered the Assistant Commissioners to check the Cold Storages in the district and compile their data and stock for taking action against the hoarders of essential commodities to save the poor masses from the exploitation of unscrupulous elements who stocked the items of daily use with the bad intention of creating shortage in the market and sale them on higher prices. He was presiding over District Price Control Committee meeting which was…

Spot rate slides on easy supply: COTTON

October 25, 2013 Official spot rate, after maintaining a stable trend for a long time, dropped modestly on comfortable supply of seed cotton, dealers said on Thursday on the cotton market. The official spot rate was down by Rs 50 Rs 6850, they said. Prices of seed cotton in Sindh per 40 kg were inert at Rs 2200-2900, while in Punjab low type picked up Rs 100 to Rs 2900, while the best quality stayed put at Rs 3100, dealers said. In the ready session, around 30,000 bales of cotton…

Modest trade on cotton market amid pre-holiday session

October 15, 2013 A modest trading was seen on the cotton market on Monday as most of the participants adopted cautious attitude towards fresh buying ahead of Eidul Azha holidays, dealers said. The official spot rate was unchanged at Rs 6900, they said. Prices of seed cotton in Sindh per 40 kg remained unchanged at Rs 2500-2950, while in Punjab rates were at Rs 2800-3000, dealers said. In the ready session, around 6,000 bales of cotton changed hands between at Rs 6200-7200, they said.…

Cotton market: prices drop amid lean business

October 12, 2013 In the absences of proper availability of transport facility, most of the millers and spinners remained on the sidelines on the cotton market on Friday, dealers said. The official spot rate was lower by Rs 50 to Rs 6900, they said. In Sindh, prices of seed cotton per 40 kg were down by Rs 100 to Rs 2500-2900, while in Punjab rates were at Rs 2800-3000, dealers said. In the ready session, around 1,800 bales of cotton changed hands at Rs 7000, they said. Market sources…

Agriculture commodities: secretaries directed to monitor auction

October 12, 2013 Special Secretary Agriculture Punjab Syed Rizwan Mehboob has directed the secretaries of all the market committees across the province to remain present at the time of auction of agricultural commodities and issue rate lists with their signatures. While presiding over a meeting here on Friday, he said that administrators should ensure provision of rate list to DCOs offices at 8:00 am and then also ensure its display by the fruit and vegetable sellers at their shops at…

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