Effective steps needed to rise mangoes export
He asked the management of Emirates to review its decision to increase tariff by Rs 65 per kg consequently tariff has increased to Rs180/kg which is not affordable for the exporters, After reduced exports during the last three years, some growers and exporters are optimistic to achieve export target of one lakh ton mangoes this year.
Livestock contributes 49pc value addition in agri sector
It is to be noted that the dairy and livestock sector contributes 49% of the value addition in the agriculture sector and about 11.4% to Pakistan?s GDP, which is higher than the contribution made by the entire crop sector (10.9%).
Tractor sales down by 25pc
Inconsistent government support plays a major role in this cyclic pattern of tractor sales, he said, and urged the federal and provincial governments to replace the erratic short-term tractor subsidy schemes with long-term interest free loans for the farmers.
Reap advocates zero-rated status for rice exports
Negligence towards rice sector will discourage its exports and we will lose our established markets, they added. If the government intentions are good then No Payment No Refund policy will curb corruption and allow many staff members of the FBR to do other productive work
Taxing dairy industry will be another blow to consumers, farmers
Packaged milk comprises only 6% of the total milk consumed in Pakistan while milk and dairy products account for 22% of kitchen expenditure, which is more than wheat (12%), they added.
Government ready to address food issue in Tharparkar
He highlighted the efforts being made by the federal government for making the country self-sufficient in agriculture produce adding that the package announced by the government would provide maximum benefits to growers of the country.
Local fertiliser manufacturers: SC reserves verdict on subsidy benefits
The federal government challenged the PHC verdict before the Supreme Court with a plea to declare the High Court's verdict null and void contending that the federation was not properly heard in the matter.
New hatcheries, nursery units: Punjab government spending Rs 632 million on establishment
Punjab government is spending Rs 632 million on setting up of new hatcheries and nursery units to meet the growing demand of fish seed, besides the use of barren lands for fisheries purpose.
Dastgir concerned over dwindling cotton production
The minister said the prime concern of the government was to protect the interest of farmers besides boosting textile exports. He urged PCGA representatives to launch a campaign for educating farmers so that they could grow more cotton in a proper manner.
5.7m acre cotton sowing target set for Punjab
He said all possible resources would be utilized to achieve the 21.25 maund per acre cotton production and hoped that the growers would also look-after the cotton crop for getting better yielding.
Cotton market: prices fall on lacklustre business
The official spot rate was lower by Rs 50 to Rs 5,500, dealers said. In ready session, approximately 600 bales of cotton changed hands between Rs 5400 and Rs 5450.
Power sector: Rs 208 billion subsidy sought for FY17
According to sources, Finance Ministry has released a Rs 121 billion subsidy to the power sector so far, adding that the claims of subsidy for May and June 2016 will be submitted accordingly, hoping the amount will be around Rs 20 billion (Rs 10 billion for May and Rs 10 billion June).
THE RUPEE: light changes
The rupee was unchanged versus the euro for buying and selling at Rs 117.30 and Rs 118.30, they added. In the final Asian trade, the dollar stayed in consolidation mode after its rally to two-month highs ran out of steam with bulls looking for fresh guidance from the head of the US central bank.
GM corn to generate Rs100 billion additional economic activity
GM corn would not only help boost the productivity of corn but will also enhance the confidence of responsible technology providing companies, both local and foreign, to make further investment Pakistan's under-performing agricultural sector," Dr Muhammad Afzal, executive director of Croplife Pakistan, said while talking to newsmen here at a local hotel.
IRSA releases 280,200 cusecs of water for strategic crops
As the sowing of strategic Kharif crops is in full swing, the Indus River System Authority (IRSA) is releasing 280,000 cusecs water in the sprawling canal irrigation network in Punjab, KPK, Sindh and Balochistan.
July-April pulses import up by 51 percent
The pulses import bill rise stands at $163.035 million in July-April 2015-16 as compared to the commodity's import of $322.020 million in July-April 2014-15, Pakistan Bureau of Statistics shows.
PFVA delegation calls on President
According to Waheed Ahmed the meeting with president was very fruitful as President Mamnoon Hussain taking keen interest in importance of this sector for support to the national economy and creation of job opportunities in the country, has stressed on introducing modern techniques in agricultural sector.
Textile sectors express concern over FBR's proposal
It sounds death knell for our exports because Prime Minister announced on February 13 of grant of zero-rating to the export sectors in the new Budget 2016-17 and now this news that FBR is proposing this draconian move which will surely aim to destroy exports of our value-added zero-rated sector.
Cotton farmers advised
They should survey their fields at the start and the end of every crop to get knowledge of varieties and weeds present in their fields. It will help them effectively eradicate these weeds
Cotton market: prices rise on tight supply position
The official spot rate gained Rs 50 Rs 5,600, dealers said. In ready session, approximately 3000 bales of cotton changed hands between Rs 5300 and Rs 5900, they said.
Load-shedding plan for Ramazan
According to a private news channel, a plan has been finalised under which the power outages have been scheduled to ensure uninterrupted supply to the domestic consumers.
Inefficient energy system impediment to economic growth
According to the experts, Pakistan has taken a number of actions to reduce energy consumption in the manufacturing sector yet serious energy shortages persist. And as the population grows, these shortages are likely to increase, putting additional pressure on industry to find ways to conserve natural resources, increase productivity and reduce costs.
Market Committee issues price list of fruit, vegetables
The spokesman has asked all the people to follow this list and inform authorities at 051-4867762 in case of any compliant against shopkeepers.
THE RUPEE: mixed trends
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed 10 paisas further in relation to the dollar for buying and selling at Rs 105.50 and Rs 105.70 respectively; however it picked up 30 paisas versus the euro for buying and selling at Rs 117.80 and Rs 118.80 respectively, they added.
Officials censured for protecting ex-director of Olive Project
The parliamentary panel which met under the convenership of Rao Ajmal also expressed serious reservations on the discriminatory behaviour of top management of NARC and PARC with a contractor which supplied olive plants but denied payment on different pretexts.
Genetically enhanced corn seeds: government's decision will help produce better crops
This landmark decision was taken after a rigorous process spread over seven years. It involved extensive regulatory assessments which reaffirmed the safety of a technology that has been successfully grown alongside other crops globally for 20 years.
0.1 million tonnes of mango export target fixed
Exporters have set a target of 0.1 million tonnes exports this year with an expected earning of over $75 million foreign exchange for the country. Exporters, besides targeting traditional markets, will also try to tap new markets such as China, Russia, Iran, Belarus and Middle Eastern countries. However, exports to Japan will remain suspended this year due to absence of the VHT plant.
Thai rice price hits 2-year high as drought hurts Asian output
Prices are at their highest level since the Thai military seized power two years ago and ended generous subsidies that caused a glut in supply and a massive build-up in rice stockpiles in Thailand.
Poo-powered pumps help farmers grow richer, greener
The 43-year-old from Fateh Jhang village, some 26 miles (42 km) from capital, has benefited from a pilot project led by the Punjab provincial government to provide biogas equipment at a subsidised rate.
Union workers meet agriculture secretary
President, Employers' Federation of Pakistan, Khawaja Muhammad Nauman thanked the Secretary for encouraging the social dialogue and expressed the hope that the Sindh Government initiatives of including agriculture under SIRA 2013 will give fruitful results in developing agricultural economy and welfare of agricultural employers and workers.
UK-based MissFactor launched in Pakistan
MissFactor is a young fashion brand with a blend of British cuts and Italian sensibilities with various styles of women's western-wear from Europe.
APTMA chief urges government to restore industry's viability
He condemned the indifferent attitude towards prevailing state of affairs of the textile industry, which is a mainstay of Pakistan economy with backward and forward linkages, biggest employer and the highest export earner in the country.
Archroma enters into collaboration with Textile Institute of Pakistan
The partnership will benefit students of Textile Institute of Pakistan who will gain access to Archroma's Center of Excellence in Karachi through periodic training programs.
Cotton market: rates drift lower on sluggish trade activity
The official spot rate was down by Rs 50 to Rs 5,600 dealers said. In the ready business, around 1800 bales of cotton changed hands between Rs 4200-6030, they said.
Rs 197.21 billion collected under GIDC
He said that the TAPI members appointed Asian Development Bank (ADB) as Transaction Advisor, who along with TAPI consortium leader ie Turkmengaz was working for financial close of the project which included debt portion from international financial institutions.
THE RUPEE: bears persist
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee followed the same trend versus the dollar in the open market, losing five paisas for buying and selling at Rs 104.80 and Rs 105.00 respectively, they said. The rupee also shed 10 paisas versus the euro for buying and selling at Rs 118.60 and Rs 119.60 respectively, they added.
Participants call for ethical review committees to monitor biotechnology research
He added that biotechnology and its advancements would be a significant aspect of improvements in human health, natural balance and cure of disease.
Case for agriculture tax
Agriculture income tax is a provincial subject under the Constitution of Pakistan, 1973 and therefore, exempted from federal taxation under Income tax Ordinance, 2001. Every attempt of bringing direct taxation to the agriculture sector has proven to be unsuccessful yet, partially due to lack of political will, institutional capacity and data limitations.
Experts concernned over decline in farmers' income
Agriculture experts at a seminar held here expressed serious concern over decline in farmers? income and less use of advanced technology that was resulting in poor per acre yield of various crops and growing poverty in rural areas.
Rainy & gusty weather: farmers asked to stop wheat harvesting, threshing
It said that sowing of Kharif crops should be completed, asking the growers to utilize fully the soil moisture following the expected rains. Normal wind pattern may prevail in most of the agricultural plains of the country.
SBP cuts mark-up rate on loans for rice husking mills
According to the SBP as the new rate of 6 percent will be applicable from July 2015, any financing under this scheme will get this concession. Previously, the mark-up rate for the facility was 9 percent with 2.75 percent end-user rate, while the difference of 6.25 percent (SBP share) was being borne by SEDF.
MoC decides to revive PHDEC on condition of performance
He proposed that new board, having representation of experienced and competent people from concerned institutions, is to look after the affairs of PHDEC and now it can perform well. Waheed said it is the misconception that the PHDEC did not deliver at all.
Cotton market: prices recover on emergence of fresh buying interest
The official spot rate recovered Rs 100 to Rs 5,650 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400.
Minister orders launch of cotton grow campaign
Punjab Agriculture Minister Dr Farrukh Javed while chairing a meeting on Friday to review cotton sowing, directed his department to launch a forceful 'Cotton Grow Campaign' in the province so as to speed-up the sowing of the crop from 15 May.
Suspension of gas supply: industrialists criticise SSGC's decision
The SSGC further informed that its surveillance teams will be monitoring compliance of the order and have been fully authorised to disconnect gas supply for 48 hours of any customer if found violating the schedule.
THE RUPEE: moves both ways
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee shed five paisas versus the dollar for buying and selling at Rs 104.75 and Rs 104.95 respectively, they said. The rupee picked up 20 paisas in terms of the euro for buying and selling at Rs 118.80 and Rs 119.80 respectively, they added.
Supreme Court seeks report on relief package for farmers
A two-member judge bench led by Justice Ejaz Afzal Khan resumed the plea of a phosphate company which sought apex court directives for provision of subsidy.
As drought shrivels crop, Pakistan cotton industry faces $4bn bill
Pakistan is spending $4 billion a year on cotton imports to support its ailing textile industry, after erratic rainfall and drought in the country's cotton fields slammed growers and the country's economy.
Social experts warn of food insecurity in Sindh
Social experts have warned the people of Sindh of food insecurity because of frequency disasters. The experts were speaking at a seminar on "Food Security and Livelihood and role of stakeholder".
Ginners ask higher prices for better cotton
Global cotton prices including New York futures and China styles were down while lint prices in India and Pakistan were tighter in recent weeks. Therefore, due to higher prices for local cottons, domestic mills found it more feasible to import cottons.
Rates fall on low quality purchases by mills
The official spot rate was lower by Rs 100 to Rs 5,550 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400, they said. In the ready business, over 1600 bales of cotton changed hands between Rs 4000-4800, they said.
Leaders break ground on CASA-1000
All the participating countries win from this project: both the suppliers and consumers of electricity,he said. The successful completion of this project will open doors for the completion of other projects in the region, Rosenblum added.
THE RUPEE: steadier trend
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unchanged versus the dollar for buying and selling at Rs 104.70 and Rs 104.90 respectively; however, it gained 25 paisas in terms of the euro for buying and selling at Rs 119.00 and Rs 120.00, they added.
Agro-livestock production to be improved
The PARC besides agricultural research and coordination with provinces and international organisations was also developing capacity of the agricultural research and extension staff of provinces and farmers of the country to improve agro-livestock production in the country on modern lines.
Poor agri performance signals weak GDP growth in 2015/16
The PBS is all set to show GDP growth in the range of 4.5 to 4.7 percent during the current fiscal year against the envisaged target of 5.5 percent for FY 2015/16, but the economists will analyse sectoral contribution.
Whey, milk powders: treasury urges government to raise import duty by over 100 percent
He said over 50 million people in Pakistan earn their livelihood from livestock; thus the government needs to introduce farmers-friendly policies to alleviate poverty in the rural areas.
Sindh is self-sufficient in fruit, vegetables & rice
American people have helped people of this province in health, education and development sectors and also extended helping hand during the heavy floods of 2010, he said and added that after 18 constitutional amendment Sindh is free to have trade with others countries.
Grandparent chicks PPA seeks exemption from RD on import
Poultry sector which had embarked upon modernization by using imported plant and machinery which were subjected to zero percent import duty and zero percent sales tax are now subject to 5% import duty plus a 10 percent Sales Tax plus one percent additional duty - total being 16 percent which has increases the initial capital cost substantially.
PFVA underscores need for restructuring of PHDEC
The government in general and Ministry of Commerce in particular cannot abdicate its role of hand-holding the stakeholders especially for capacity building of agriculture sector exports.
Urea smuggling plot foiled
The customs staff after taking into possession the vehicles arrested one driver while the drivers of other vehicles fled from the spot. Further investigations were in progress.
Environment department assures garment sector of cooperation
He advised the industry to come up with work plans to install effluent treatment plants in order to meet national environment laws and international standards so that our exports do not suffer in the time to come.
APTMA puts forward budget proposals
Textile industry being the export oriented industry contributing about 55 percent in export earnings be given its due importance and attention so that it can perform more efficiently and can earn more and more foreign exchange through exports.
Cotton market: prices depict more improvement on forward buying
The official spot rate was higher by Rs 50 to Rs 5,650 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400, they said. In the ready business, over 3000 bales of cotton changed hands between Rs 5200-6000, they said.
Pakistan, South Korea agree for cooperation in agriculture sector
They signed Minutes of Discussion between PARC and KRC Korea for cooperation between both organizations in manufacturing of high efficiency irrigation system for ground and flood water management.
15 agri-based research projects approved
UAF Vice Chancellor said that they have received over 280 agricultural research proposals, out of which 30 potential research proposals had been shortlisted in eleven priority areas of the agriculture sector which is directly linked to the food insecurity.
Over 70pc poultry farming exists in Punjab, needs attention
Continuation of exemption of sales tax on export of processed chicken products. Pakistan currently processes 5 percent of total 1.2 billion broilers. It has to compete with the wet market, which is 95 percent of the total chicken produced.
Growers, exporters: WTO agrees to provide tech assistance
According to a senior official of Ministry of Commerce one issue which cropped up in all key meetings of DG with Commerce Ministry, exporters from private sector and CM Punjab were difficulties being faced by Pakistani exporters in export of rice, mango and citrus due to Sanitary and Phytosanitary measures applied by different importing countries.
Consumers may be burdened to protect farmers
The ministry recommended increasing regulatory duty on the import of chicken meat, both processed and unprocessed, from 25% to 100%, so that the local industry could be protected.
CBOT soybeans rally, post fourth straight weekly gain
Heavy rains have caused significant damage to the crop in Argentina. Traders said that is sparking hope overseas demand for US supplies will remain strong, even as Argentine farmers expand their harvest in the key export country in the coming weeks.
Crystalline sugar: FBR mulling withdrawing ST relief on supply value
Keeping the said phenomena in view, it has been proposed to the FBR that the reduced rate has to be withdrawn in coming budget 2016-17 and the board should impose standard rate of sales tax @ 17 percent on the supply value of white crystalline sugar.
FFC vows to pass on benefits of feed-gas price rollback to farmers
According to an announcement of the company here on Friday, to ensure that the benefits of this welcome gesture of government reach the farmer community, CE&MD FFC, Lieutenant General Shafqaat Ahmed (Retd) visited the FFC Field force in distant areas of North and Central zones constituting of Punjab, KP and Azad Kashmir.
July-March Fiscal Year 2016: readymade garment exports up over four percent
According to Pakistan Bureau of Statistics, the readymade garment exports witnessed an increase of $64.922 million in July-March period of FY16, which stood at $1.544 billion in the same period last fiscal year.
Specialty fibres: Aptma seeks exemption from extra anti-dumping duty
The world over demand of textile yarns is over 85 million tons of which cotton yarn is 22 million tons while the remaining demand of 63 million tons is being met by manmade or semi-synthetic yarns chiefly polyester which accounts for over 65 million tons.
PCGA urges authorities to implement proposals
The government should also announce a clear-cut policy on the core areas of cotton and not to allow anyone to set-up sugar mills in cotton belt. Seed act plus breeders rights act must be approved from the National Assembly and Punjab Seed Corporation be activated.
Cotton market: prices rise on dwindling fine stock
The official spot rate extended overnight gains, picking up further Rs 25 to Rs 5,650 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400, they said. In the ready business, around 3000 bales of cotton changed hands between Rs 5200-6000.
Availability of LNG cuts oil sales by five percent
The analysts at Topline Research said on Friday that furnace oil sales remained under pressure and as a result total oil sales of the country declined five percent YoY to two million tons.
THE RUPEE: divergent trend
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee extended overnight gains in terms of the dollar, recovering more 10 psisas for buying and selling at Rs 104.80 and Rs 105.00 respectively, however, it picked up 60 paisas in relation to the euro for buying and selling at Rs 120.50 and Rs 121.50 respectively, they added.
Detailed engineering design of Mohamand Dam to be completed in January 2017
Speaking on the occasion, Wapda Chairman said Mohmand Dam, being a multi-purpose project, was of immense importance for socio-economic uplift of the country, as it would not only generate low-cost hydel electricity but also provide water for agriculture besides mitigating flood in Charsadda, Peshawar and Nowshera.
Seafood exports dip by $13.389 million in July-March Fiscal Year 2016
The seafood export in July-March 2015-16 remained 240.108 million as compared to exports of $253.497 million in the same period last fiscal year, Pakistan Bureau of Statistics said.
Two new sugarcane varieties introduced
The PARC chairman said that the new sugarcane varieties possess high cane yield and sugar recovery potential, which is a good addition in the existing pool of commercial sugarcane varieties in Sindh as well as in the country.
Growers' organisation demands grant of subsidy
The growers of Pakistan could not compete with the growers of India until they not received special attention from the government, therefore, the trade with India is harmful for the growers of the country, they opined.
Certified orchards Waiver of condition for mango exports to EU sought
Exporters said Pakistan was one of the leading suppliers of mango to the EU countries and during 2013, overall some 15,000 tons of mango was exported to Europe.
Minister concedes government's failure towards promotion of agriculture sector
Our government is not paying any heed towards agriculture sector but in rest of world, subsidies are given to agriculture sector. In Pakistan, there is very nominal subsidy, taxes are imposed on agriculture sector
Substandard tractors being manufactured in Pakistan, minister tells Italian FM
The locally-made tractors were so substandard that they needed a major overhaul within first 100 hours of their use, he said, adding they were even claimed to be manufactured in collaboration with European partners.
KPFDAC to hold Fashion Week from May 27
He said the basic purpose of arranging this Fashion Week to develop a soft image of Khyber Pakhtunkhwa in the world, besides to provide opportunity to women entrepreneurs to exhibit and promote their handicrafts and develop market linkages.
Taxes, surcharges contributing towards high cost of doing business
These heavy taxes, duties and surcharges were contributing towards high cost of doing business in the country and were responsible for costly inputs in manufacturing sector and there by making the Pakistani products uncompetitive at International level and costly for domestic consumers.
Transparent policy devised for wheat procurement
The policy was devised in consultation with the farmers' organisations adding that special teams had been inspecting arrangements at the procurement centres throughout the province and monitoring issuance of gunny bags to farmers.
Global rice shortage expected
The top four rice producing countries, accounting for 60 percent of global production including India, Thailand, Vietnam and Pakistan, are all expected to see a 30 percent drop in their inventories
Sindh districts Chinese companies keen to set up agriculture research centres
The delegation apprised the chairperson SBI that Chinese firms were keen to invest in a number of projects in various sectors, including agri development, use of technology for preservation of water, investment in power generation and introduction of modern methods in live stock sector.
Import, sale of urea through NFML: NA body chief urges Prime Minister to provide relief to farmers
The total annual consumption of urea fertilizer in Pakistan is approximately six million tons. A price reduction of Rs 250 per bag will put approximately Rs 30 billion in the farmers'' pockets without any cost to the government or offering any subsidy.
Dairy sector: PBIT, Dutch firm may sign MoU this month
The most interesting aspect, from an investor point of view is that at present, long-term storage capacity in the form of proper silos is virtually non-existent. Considering the fact that the government procures and stores grain as a policy, any investment in a silo project has an automatic and secure revenue stream in the form of rentals.
Meeting of CARTC held
The purpose of the meeting was to discuss research proposals and approve the technical sub-committee for evaluation and short listing the research proposals.
High cost of doing business hitting textile industry severely
The tariff rates of electricity for industry and commercial concerns are considerably higher in Pakistan than competing countries basically due to over 50 percent line losses and theft.
DLTL scheme: PRGMEA urges Dar to resolve issue of revised calculation method
It would delay the processing of claims and add to the financial burden on the value-added sector, he said and added that many exporters received payments from buyers in dollar, euro and in GBP, therefore it is too difficult and lengthy procedure to revise each and every entry to convert all euro and GBP payments in dollar.
Apparel sector: Pakistan lags behind competitors
Pakistan could benefit by polices such as increasing product diversity by reducing barriers on imports so as to ease access to man-made fibers (such as duty and tax remission for exports and export processing zones (EPZs)). Attract FDI by adopting policies to reduce red tape and increase transparency to close the gap with South Asian countries whose textile and apparel industries are located primarily on the coast.
Cotton market: trade activity rises on dwindling stock
The official spot rate was down by Rs 50 to Rs 5,600 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400.
Conventional energy resources: government urged to focus on biotechnology as substitute
There is abundant availability of cultivable area in the shape of barren and waste land in our country. The government should encourage utilising this land for growing jatropha plant at a wider scale. We can extract non edible oil from this herb to produce bio-diesel. This can be used in vehicles by way of mixing up to 10 percent with diesel.
THE RUPEE: slight gains
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee remained firm in terms of the dollar for buying and selling at Rs 105.00 and Rs 105.20, they said. The rupee continued fall in relation to the euro, shedding 40 paisas for buying and selling at Rs 119.10 and Rs 120.10, they added.
Progressive farmers getting 70-80 mound per acre wheat
We have to increase our productivity from an acre, he said, adding that the government had launched a campaign under which free tractors were being distributed among high yield producers in every district as a step towards increasing productivity and to ensure the food security.
Prices of essential food items remain stable
According to survey conducted by Business Recorder here on Sunday, the prices of almost all kitchen items remained unchanged. A 49-kg bag of high quality rice after slightly price increased now available at Rs 6,000 and Rs 7,200.
Purchase of wheat: Punjab government devises comprehensive policy
He inspected the arrangements at centre and reviewed the Bardana issuance process. He also met with the farmers on the spot and said that the Punjab government had been taken a number of measures for the welfare and betterment of the farmers.
Traders underscore need for security arrangements at fruit/vegetable market
He said the government prime responsibility to ensure protection of live and properties of the masses, adding that traders regularly paying number of taxes, despite the fact, the government didn't provide them adequate facilities.
EU raises 2016/17 wheat, maize, barley stocks forecasts
The rise in this month's stocks estimate for next season was also due to a nearly 400,000 tonnes increase in the 2016 crop production forecast in the EU bloc to 142.8 million tonnes.