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Agri News

October, 2015

  • 7 October

    Sugar hovers below seven-month high

    ICE raw sugar futures steadied after nearing a seven-month peak on Tuesday, with gains from a two-week rally capped by risks that India could renew export subsidies, though prices remained in technically overbought territory. Arabica coffee rose but traded quietly within the prior session’s range, while cocoa inched lower. March …

  • 7 October

    Flour millers’ forum rejects wheat issuance policy

    The Pakistan Flour Miller’s Forum has rejected the wheat issuance policy announced by the Punjab Food Department. Forum in charge and Flour and wheat committee Chairman Bilal Sufi talking to a flour mill delegation in Lahore said, “We have strong reservations on difference in rate of wheat announced by Sindh …

  • 6 October

    Iran offers to barter durum for milling wheat

    Iran’s state grains agency has made an offer to barter some 200,000 tonnes of Iranian-produced new crop durum wheat for at least 250,000 tonnes of imported milling wheat, European traders said on Monday. Offers for the barter deal must be submitted to the agency Government Trading Corporation of Iran (GTC) …

  • 6 October

    EU rapeseed area to rise slightly in 2016-17

    Crop consultancy Strategie Grains expects the area sown with rapeseed in the European Union (EU) for the 2016 crop to rise slightly from the previous year, helped mainly by better price margins than for soft wheat at sowing time. In its first estimate for the 2016/17 marketing season, Strategie Grains …

  • 6 October

    US FOB Gulf soyabean offers steady on light demand

    Export premiums for soyabeans shipped from the US Gulf Coast were unchanged in quiet trading on Friday as markets were closed in China for a national holiday, which kept a lid on fresh purchases by the world’s top importer, traders said. FOB Gulf corn basis offers were also unchanged amid …

  • 6 October

    Canadian canola rises on soyaoil strength

    ICE Canadian canola rose on Friday, lifted by spillover support from higher soyaoil prices, but finished with a loss for the week. Pressure was noted in early trading after Statistics Canada raised its canola production estimate by 1 million tonnes to 14.3 million. Harvest progress also limited gains, a trader …

  • 6 October

    Malaysian palm oil rises, tracking competing markets

    Malaysian palm oil futures continued their rise on Monday after climbing for the past two weeks, supported by strong gains in rival oilseed and crude oil prices. The benchmark December contract on the Bursa Malaysia Derivatives exchange closed 1.2 percent higher at 2,416 ringgit ($551.6) a tonne at the end …

  • 6 October

    Millat Tractors launches free service, training programme

    Millat Tractors, the leader in tractor industry of Pakistan, launched its “Free Tractor Service and Training Programme” for farmers. It will be run at 70 different locations across the length and breadth of the country including Lahore, Multan, Sukkurand Islamabad Divisions. The primary objective of the programme is for engineers …

  • 6 October

    Sugar, other items at USC outlets: Ministry seeks Rs seven billion subsidy

    Ministry of Industries and Production (MoI&P) has sought a subsidy of Rs 7 billion per annum to sell sugar and other essential items at Utility Stores Corporation (USC), well informed sources told Business Recorder. The Federal Cabinet in its meeting held on 9th June 2007 decided to open 5,000 new …