Thursday, September 2, 2010

Commodity News Snapshot-Pakistan

ISLAMABAD (September 02, 2010): The government has supplied 3,500 tons of wheat by air to Gilgit-Baltistan (GB) on the Prime Minister' special instructions to avert any possibility of food shortage in the area. Federal Minister for Food and Agriculture, Nazar Muhammad Gondal said this while chairing a meeting to review the food items supply and availability in the northern parts of the country, here on Wednesday.

FAISALABAD (September 02, 2010): Speakers in a workshop on " Sustainable Management of Insect pests of fruits with special reference to citrus through modern protection and post harvest losses reduction techniques" said that Pakistan is producing more than 40 types of fruits and vegetables which have none to compare in the world with respect to taste and quality. But unfortunately we have also credit of using pesticides non-judicious.

ISLAMABAD (September 02, 2010): Ministry of Industries and Production (MoI&P) and Pakistan Sugar Mills Association (PSMA) are presenting contradictory figures with respect to sugar stocks held by mills, informed sources revealed to Business Recorder. According to the MoI&P, stocks with the mills were 536,326 tons as of August 31, 2010 whereas PSMA claims the stocks with its members mills were less than 0.4 million tons.

ISLAMABAD (September 02, 2010): United Nations Food and Agriculture Organisation (FAO) has asked international community to give more funds as wheat planting season is fast approaching in Pakistan where floods have destroyed country's most of the wheat seed stocks. Wheat, is staple food of the country, which is planted from September to November and more than half a million tonnes of wheat seed stocks have been destroyed by the floods, said a FAO report released here on Wednesday.

LAHORE (September 02, 2010): Growers' organisations strongly reacting to the increase in diesel prices have said it will bring already hard hit farmers under further financial burden making it impossible to utilise machinery in agriculture. Agri-Forum Pakistan Chief, Muhammad Ibrahim Mughal while talking to Business Recorder said that around 3.5 billion liters of diesel was used by the growers and farmers in the agriculture sector.

LAHORE (September 02, 2010): Punjab Agricultural Research Board (PARB) has approved a high priority research project 'improvement of value chains and tradability of farmer's produce' worth Rs 18.98 million. Approval of this project was given in 23rd meting of Board of Directors of the Punjab Agricultural Research Board (PARB) held here on Wednesday.

KARACHI (September 02, 2010): Official spot rate was lowered on the cotton market on Wednesday as floodwater is going into the sea, dealers said. The Karachi Cotton Association (KCA) official spot rate was dropped by Rs 50 to Rs 6,500, they said. In the ready business over 10,000 bales of cotton changed hands between Rs 6300-6800, they said.

LAHORE (September 02, 2010): The National Environmental Quality Standards (NEQS) which were fixed at level of 150 mg/liter chemical oxygen demand (COD) are unachievable for the leather industry thus the government should immediately provide interim relief and reduce the NEQ standards to rational level.

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