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Agri News

November, 2015

  • 28 November

    Canadian canola rises on short-covering

    ICE Canadian canola rose on Tuesday, halting a five-day skid, on short-covering and strength in soyoil. January canola added $3.70 at $464.60 per tonne. March canola climbed $3.40 to $471.10 per tonne. January-March spread traded 4,256 times. Chicago January soybeans finished little changed, underpinned by short-covering and technical buying. Malaysian …

  • 28 November

    Falling rapeseed output to boost India’s vegetable oil imports

    India’s rapeseed output looks likely to fall this year as poor soil moisture and higher temperatures drag down the acreage planted, making higher imports of expensive vegetable oils by the world’s top buyer inevitable, trade and industry officials say. Planting of rapeseed, the main winter oilseed with the highest oil …

  • 28 November

    Palm oil hits 2-1/2 weeks high as monsoon season seen curbing output

    Malaysian palm oil futures rose on Friday for a third successive session to the highest in 2-1/2 weeks, tracking gains in other vegetable oils and supported by expectations of lower output. Palm traders say the onset of the monsoon season in key Southeast Asian producing countries could crimp supplies and …

  • 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 …