Agriculture
- Spices Export Falls 31.2 Percent In July-october
The country''s spices export fell 31.2 percent during July-October 2013-14 to $13.531 million as compared to the commodity''s export of $19.666 million in the same period last fiscal year, official figures say. The fall in term of volume...
- Excessive Fishing: Seafood Exports Decline By $2.861 Million In October
The year-long excessive fishing caused a big plunge in fish and shrimp catch which is estimated to be about 40 percent lower this year, resulting in seafood export decline by $2.861 million in October this year, exporters said on Saturday. The country''s...
- Tobacco Export Surges By 197 Percent In 2013
The country's export of tobacco shot up by 197 percent to $5.247 million during July-September 2013, according to official statistics. The export of tobacco was mere $1.767 million during July-September 2012 which grew by $3.48 million during the...
- A View On Global Wheat Production
According to Informa Economics report released recently shows that the 2009/10 year (April to next March) Global wheat production is projected at 666.8 million tons, down from an earlier forecast of 662.4 million tons By contrast, last year the world...
- India To Produce Over 82 Mln Tn Of Wheat This Year: Iari
820 thousand tons of wheat in the country produce more of this year, in late September will exceed last year's record rainfall, crops, and research institutes from the soil, a senior official said today is consistent with the IARI. "We certainly wheat,...
Agriculture
Wheat Imports From Pakistan May Climb to Highest in Five Years
Wednesday, July-10-2013
Wheat futures in Chicago have tumbled 29 percent from a four year high as farmers around the world are set to boost production to a record this year and as importers shunned U.S. supplies for cheaper grain from Russia and Ukraine.
News Collected by agrinfobank.com Team
Wheat imports by Pakistan, Asia?s third-largest producer, may climb to the highest level in five years after a declined in the harvest boosted local prices, according to a traders group.
?We may import up to 500,000 tons of wheat this year,? said Abdul Kalim Baakza, senior vice chairman of the Karachi-based Wheat Traders? Association of Pakistan. That?s the highest since 2008-2009 when the country imported 3.1 million metric tons, according to U.S. Department of Agriculture data. Traders have already bought a total of 200,000 tons from the Black Sea region, broker Javed Yaseen Co. said July 5.
Wheat futures in Chicago have tumbled 29 percent from a four year high as farmers around the world are set to boost production to a record this year and as importers shunned U.S. supplies for cheaper grain from Russia and Ukraine. Pakistan?s output probably reached 23.5 million tons in 2012-2013 that ended in June, down from 24 million tons a year earlier and compared with the government?s target of 25.5 million tons, Baakza said in a July 8 interview. Imports should help lower domestic prices that have climbed to about 1,300 rupees ($12.99) per 40 kilograms, above the rate of 1,200 rupees set by the government to support farmers? income, he said.
Futures dropped 13 percent to $6.77 a bushel on the Chicago Board of Trade this year. Prices reached $9.4725 in July 2012.
Output reached 24.3 million tons in 2012-2013 from 23.4 million tons a year earlier, the Ministry of National Food Security and Research estimates.
Four importers purchased cargoes of 50,000 tons each from Russia, Ukraine and Romania for delivery from August to October at prices from $280 to $289 a ton, including cost and freight, Karachi-based Javed Yaseen said.
Source: BloombergNews Collected by agrinfobank.com Team
- Spices Export Falls 31.2 Percent In July-october
The country''s spices export fell 31.2 percent during July-October 2013-14 to $13.531 million as compared to the commodity''s export of $19.666 million in the same period last fiscal year, official figures say. The fall in term of volume...
- Excessive Fishing: Seafood Exports Decline By $2.861 Million In October
The year-long excessive fishing caused a big plunge in fish and shrimp catch which is estimated to be about 40 percent lower this year, resulting in seafood export decline by $2.861 million in October this year, exporters said on Saturday. The country''s...
- Tobacco Export Surges By 197 Percent In 2013
The country's export of tobacco shot up by 197 percent to $5.247 million during July-September 2013, according to official statistics. The export of tobacco was mere $1.767 million during July-September 2012 which grew by $3.48 million during the...
- A View On Global Wheat Production
According to Informa Economics report released recently shows that the 2009/10 year (April to next March) Global wheat production is projected at 666.8 million tons, down from an earlier forecast of 662.4 million tons By contrast, last year the world...
- India To Produce Over 82 Mln Tn Of Wheat This Year: Iari
820 thousand tons of wheat in the country produce more of this year, in late September will exceed last year's record rainfall, crops, and research institutes from the soil, a senior official said today is consistent with the IARI. "We certainly wheat,...