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Agri News

November, 2015

  • 28 November

    Daily trading report of PMEX 28.11.2015

    On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 2,562 million. The number of lots traded was 11.9 million. PMEX Commodity Index closed at 2,583. Major business was contributed by gold amounting to PKR 2,100 million followed by crude oil (PKR 243.43 million) and silver (PKR 218.26 million). …

  • 25 November

    Seafood export to EU resumes

    Pakistan resumed seafood export to the European Union (EU) after hygienic and fisheries handling improved at one of its key facilities at the harbour, officials said on Tuesday. The seafood export was resumed after two months of suspension for poor fisheries handling and hygiene condition at the export-oriented auction halls …

  • 25 November

    Farmers to get solar tubewells: Prime Minister

    Prime Minister Nawaz Sharif on Tuesday said his government was serving the masses rising above political affiliation with the sole objective of making Pakistan prosperous. Addressing a huge gathering here at Mai Heer Stadium to distribute cheques among farmers under the Rs 341 billion Prime Minister”s Kisan Package, he said …

  • 25 November

    Barani area farmers advised

    Punjab Agriculture Department has advised the growers from Barani areas of ‘Gram’ crop to pay attention towards eradication of weeds as these are growing at a very past face in the fields because of proper moisture but can lead to reduction in the production. Punjab Agriculture Department’s spokesman said here …

  • 25 November

    PPCBL to disburse Rs 2.5 billion agriculture loans

    The Punjab Provincial Cooperative Bank Ltd is disbursing Rs 2.5 billion agriculture loans through cooperative societies for sowing and growing Rabi crops 2015-16 including strategic wheat, oil seeds, grams, vegetables, fodder and fruit orchards over twenty million acres of land in the province. President /CEO of the cooperative bank, Muhammad …

  • 25 November

    NA body describes PSMA as ‘powerful cartel’

    National Assembly Standing Committee on Industries and Production on Tuesday portrayed Pakistan Sugar Mills Association (PSMA) as a “powerful cartel” and recommended the government withdraw export subsidy on sugar until mills start selling sugar to the Utility Stores Corporation (USC) at reasonable rates. The panel headed by Asad Umar of …

  • 25 November

    PSM employees: Two months’ salaries approved by Dar

    Finance Minister, Senator Ishaq Dar has approved payment of two months’ salaries (August- September 2015) to the employees of Pakistan Steel Mills (PSM). According to official documents, Privatisation Commission (PSM) has sent a summary to the Finance Minister for release of two months’ salary. The document available with Business Recorder …

  • 21 November

    KBP chief for timely cane crushing season

    Kissan Board Pakistan (KBP) President Sadiq Khan Khakwani while meeting with various delegations of sugarcane growers at his office on Friday has warned the siege of sugar mills in the province if the crushing season fails to start and arrears of sugar growers of the last season are not immediately …

  • 21 November

    Canadian canola falls

    ICE Canadian canola fell on Wednesday to a two-month low in the key contract, pressured by weaker soyabeans. Low margins for crushers and an uptick in farmer selling to cash markets may also have weakened prices, a trader said. January canola lost $3.10 at $467.10 per tonne, touching the contract’s …

  • 21 November

    US FOB Gulf soyabeans export premiums fall

    Export premiums for soyabeans shipped from the US Gulf Coast were eased on Wednesday in tandem with sinking CIF barge basis values and a slowdown in buying of Gulf shipments by top importer China, traders said. Demand from China has slowed in recent weeks as crush margins there have narrowed. …