Agriculture
- Farmers Threaten To Set Sugar Cane On Fire, Shut Mills
Rejecting the support prices of Punjab Government the farmers of Southern Punjab threatened to set their sugar cane produce on fire and shut the sugar mills if Punjab Government did not fix the sugar cane support price at Rs 300 per maund. President...
- Pakistan Mangoes Sell At Rs 80/kg In Delhi As Against Rs 150-200 For Desi Variety
Madhvi Sally, ET BureauMangoes from Pakistan are giving a tough competition to local varieties in domestic and export markets this season. At the fag end of the season, Pakistan's chausa and fazli varieties are coming through Poonch and Srinagar to...
- Pakistan And Tajikistan Sugar Trade
Tajikistan has set new conditions for the import of sugar from Pakistan and now it is seeking a price of $20 less than international market instead of already agreed price. For last eight months, Pakistan and Tajikistan are negotiating to mature a sugar...
- Textile Ministry Joins Farmers In Denouncing Trade With India
By Zafar BhuttaPublished: November 22, 2012 The Ministry of Textile Industry now says that the future of local industry seems bleak because of the ?hasty? decision to open Pakistani markets for Indian textiles. --------------------------------------------------------------------------------------------------------------------------...
- India-wheat Production Profile
India produced 73.2 million tonnes of wheat in 1998-99, a 18 per cent increase in 1993-94 was 55 million tonnes. Production in 1998-99 after China, India's second largest world producer of wheat. But India still a regularly established itself as...
Agriculture
Indian sugar gains brief window for exports
July 04, 2013
TIGHTROPE "Indian exporters are walking a tightrope," said Kamal Jain, managing director of brokerage Kamal Jain Trading Services. "Going ahead it would be very difficult to sign new deals." A senior London-based analyst with a trade house said he was surprised to hear of recent Indian export business. "The domestic market is paying more than the world market could or should be paying," the analyst said.
An exporter based in Mumbai, who sold a few cargoes to Sri Lanka for July shipment, saw limited scope for Indian exports in coming months. "The maximum, I think, India can sell would be 50,000 tonnes more in the next two months. From August onwards local prices will start rising. We have festivals," he said. "Then it would be difficult to convince mills to sell sugar at lower prices to exporters."
"In the last week of June, the weak rupee, falling local prices and strong demand due to Ramadan allowed sugar mills to strike a few deals," the exporter said. "Pakistan''s absence from the market also gave a boost. Pakistan was selling sugar at very low prices. It sold even at $470 per tonne. India can''t do that. Local prices in India are higher than that." Some Indian millers are not prepared to sell below $480 per tonne, trade sources said.
Source: http://www.brecorder.com
A lack of Pakistani sugar available for export and strong demand before Ramazan have created opportunities for Indian sales to nearby markets, but the window for foreign sales risks closing soon. Ramazan starts on July 9 and is followed by three days of celebration after it ends on August 7. As it passes, the associated demand for sugar will dwindle and India''s domestic consumption for festivals will rise, driving Indian prices up above levels that would be competitive abroad. 
Reversing a trend for imports, traders this week reported Indian white sugar export deals totalling 75,000 tonnes in July, stoked by a weak rupee and strong demand in the Gulf and Africa linked to Ramadan. Indian mills have chances to sell to markets such as Sri Lanka partly due to dwindling supplies of Pakistani sugar.
Reversing a trend for imports, traders this week reported Indian white sugar export deals totalling 75,000 tonnes in July, stoked by a weak rupee and strong demand in the Gulf and Africa linked to Ramadan. Indian mills have chances to sell to markets such as Sri Lanka partly due to dwindling supplies of Pakistani sugar.
"Mills in Pakistan have very little quantity to offer," said Muhammad Najib Balagamwala, chairman of Karachi-based SeaTrade group. He said nearly three-quarters of an allowed 1.2 million tonnes had been exported from Pakistan. "For the remaining quantity, deals have been signed and registered with the state Bank of Pakistan," he said. "If some deals get cancelled, then other exporters will get permission to export that much." Pakistan was expected to return as an important exporter next season as the outlook for next year''s crop looks favourable, dealers said.
TIGHTROPE "Indian exporters are walking a tightrope," said Kamal Jain, managing director of brokerage Kamal Jain Trading Services. "Going ahead it would be very difficult to sign new deals." A senior London-based analyst with a trade house said he was surprised to hear of recent Indian export business. "The domestic market is paying more than the world market could or should be paying," the analyst said.
An exporter based in Mumbai, who sold a few cargoes to Sri Lanka for July shipment, saw limited scope for Indian exports in coming months. "The maximum, I think, India can sell would be 50,000 tonnes more in the next two months. From August onwards local prices will start rising. We have festivals," he said. "Then it would be difficult to convince mills to sell sugar at lower prices to exporters."
"In the last week of June, the weak rupee, falling local prices and strong demand due to Ramadan allowed sugar mills to strike a few deals," the exporter said. "Pakistan''s absence from the market also gave a boost. Pakistan was selling sugar at very low prices. It sold even at $470 per tonne. India can''t do that. Local prices in India are higher than that." Some Indian millers are not prepared to sell below $480 per tonne, trade sources said.
Source: http://www.brecorder.com
- Farmers Threaten To Set Sugar Cane On Fire, Shut Mills
Rejecting the support prices of Punjab Government the farmers of Southern Punjab threatened to set their sugar cane produce on fire and shut the sugar mills if Punjab Government did not fix the sugar cane support price at Rs 300 per maund. President...
- Pakistan Mangoes Sell At Rs 80/kg In Delhi As Against Rs 150-200 For Desi Variety
Madhvi Sally, ET BureauMangoes from Pakistan are giving a tough competition to local varieties in domestic and export markets this season. At the fag end of the season, Pakistan's chausa and fazli varieties are coming through Poonch and Srinagar to...
- Pakistan And Tajikistan Sugar Trade
Tajikistan has set new conditions for the import of sugar from Pakistan and now it is seeking a price of $20 less than international market instead of already agreed price. For last eight months, Pakistan and Tajikistan are negotiating to mature a sugar...
- Textile Ministry Joins Farmers In Denouncing Trade With India
By Zafar BhuttaPublished: November 22, 2012 The Ministry of Textile Industry now says that the future of local industry seems bleak because of the ?hasty? decision to open Pakistani markets for Indian textiles. --------------------------------------------------------------------------------------------------------------------------...
- India-wheat Production Profile
India produced 73.2 million tonnes of wheat in 1998-99, a 18 per cent increase in 1993-94 was 55 million tonnes. Production in 1998-99 after China, India's second largest world producer of wheat. But India still a regularly established itself as...