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World Agriculture News

February 2016

News Archive

Edible Oil Moot: efforts to boost oilseed cultivation under way
The conference was organised by Pakistan Vanaspati Manufacturers Association (PVMA) in collaboration with All-Pakistan Solvent Extractors Association (APSEA) and Pakistan Edible Oil Refinery Association (PEORA) at local hotel on Sunday.
Monday, February-08-2016

Record fish sale witnessed in current winter
The official said the fish farmers are facilitated besides sharing with them new research and innovations in fish farming to enhance fish production.
Monday, February-08-2016

Development of agriculture sector: government appreciates role of electronic and print media
Pakistan Agricultural Research Council (PARC) has conducted an Exposure Visit of Electronic and Print Media of Islamabad and Rawalpindi to National Agricultural Research Centre (NARC) Islamabad on Thursday to acquaint the media about agri-research and development activities being carried out at NARC and its Research Institutes / Laboratories / Field farm area to disseminate these R&D activities, new interventions and latest information among stakeholders through media.
Monday, February-08-2016

Sim Nala project falls prey to nepotism
The inordinate delay in the completion of this project was causing an increase in project costs besides a huge financial blow to the national exchequer.
Monday, February-08-2016

Prices of essential food commodities remain unchanged
The prices of important kitchen items mostly remained unchanged in both wholesale and retail markets. However, the prices of sugar have gone up in wholesale market, as a 49-kg bag is available at Rs 3400, which was selling at Rs 3,100 during last week.
Monday, February-08-2016

Juicy seedless kinnow could be Pak identity in foreign markets
Experts said in a statement issued by media liaison unit of Punjab Agriculture department on Monday said that contrary to 20-28 seeds in ordinary kinnow,95 per cent of the kinnow from seedless variety contain only one seed, has 45 per cent more juice than the ordinary varieties and has longer storage life.
Monday, February-08-2016

Garments export up by four percent in 1H
The statistics released by the FBS showed that the garments export went up by four per cent from $1.006 billion during July-December 2014-15.
Monday, February-08-2016

Textile & Leather: EU envoy asks business community to go beyond textile, leather sectors
The European Union recently supported Pakistan Mega Leather Show and sent a delegation of Pakistan's leather sector to India to observe best practices and strengthening relationship among the business communities of both countries.
Monday, February-08-2016

Low production of cotton bales: Dar fears missing growth target
The minister defended himself against the criticism of taking loans on expensive interest rates and stated that there was no truth in such speculations. Dar added that during the tenure of present government, the country''s debt increased by Rs 3800 billion thereby taking the total loan to Rs 18,264 billion in November 2015 from Rs 14,400 billion it inherited.
Monday, February-08-2016

Cotton market: rates firm on hectic buying by mills, spinners
The official spot rate was unchanged at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000, in the Punjab, rates were at Rs 2300 and Rs 3100, they said. In the ready business, over 20,000 bales of cotton changed hands between Rs 4800 and Rs 5650, they said.
Monday, February-08-2016

Co eyeing $400 million foreign financing for coal-fired power plant
The country's foreign exchange reserves stand at $20.5 billion (as of January 22). The CEO said all the efforts of trying to come in CPEC are for macro-economic reasons only.
Monday, February-08-2016

THE RUPEE: rising trend prevails
INTER-BANK MARKET: On Monday, the rupee shed three paisas against the dollar for buying and selling at Rs 104.93 and Rs 104.95 due to rising demand of the US currency. On Tuesday, the rupee recovered its overnight losses, gaining three paisas against the dollar for buying and selling at Rs 104.90 and Rs 104.93. On Wednesday, the rupee posted fresh gains of 11-paisa versus the dollar due to easy supply of US currency for buying and selling at Rs 104.79 and Rs 104.82 respectively.
Monday, February-08-2016

Wheat price up by 300pc in 10 years
According to experts, one of the key reasons for the food-inflation remains the government?s decision to increase the wheat support price by more than 300 per cent in last 10 years that indeed benefited big landowners, but proved a blow for the majority of people, especially belonging to the poor and fixed income groups.
Thursday, February-04-2016

Rs 1.77 billion advances approved by PPCBL
The Punjab Provincial Co-operative Bank Ltd advanced Rs 1.77 billion agriculture loans for the six monthly 2015-16 Rabi crops through 9,752 co-operative societies.
Thursday, February-04-2016

Action plan being readied to increase forest cover
The federal government is preparing a national action plan to increase forest cover and promote wildlife conservation in the country through a national forest policy.
Thursday, February-04-2016

Punjab offers 0.3 million tons of potatoes for export without duty
Government agriculture experts and vegetable market managers told Business Recorder that the potato production cost of the farmers comes to Rs 12 per kg whereas they are being paid Rs 8 to 9 per kg as of today (Wednesday) by the market manipulators.
Thursday, February-04-2016

PRGMEA to hold 15th Textile Asia in March
15th Textile Asia 2016 will focus on the immense buying/selling potential of textile & garment industry and poised to introduce overseas suppliers of textile and garment materials, accessories and parts and machinery to the textile industry of Pakistan.
Thursday, February-04-2016

Moderate business seen on cotton market
The official spot rate was unchanged at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000, in the Punjab, rates were at Rs 2300 and Rs 3100, they said.
Thursday, February-04-2016

THE RUPEE: all-round gains
INTERBANK MARKET RATES: OPEN MARKET RATES: The rupee was higher by 10-paisa against the dollar for buying and selling at Rs 106.40 and Rs 106.60 respectively. At the same time, the rupee picked up 50-paisa in terms of euro for buying and selling at Rs 116.00 and 117.00 respectively. In the third Asian trade, emerging Asian currencies slumped on Wednesday as oil prices extended losses and sparked a rush out of risk assets, sending the South Korean won to a 5-1/2-year low.
Thursday, February-04-2016

Seedless kinnow to be cultivated over 30,000 acres
Agriculture department has decided to cultivate seedless 'kinnow' over 30,000 acres of land in Toba Tek Singh, Sargodha, Layyah and Vehari districts to export it in global markets.
Wednesday, February-03-2016

State of the art agriculture farm inaugurated
The inauguration of the farm was held in Nanakana. Star Farm Pakistan Managing Director Marek Minkiewicz, Board Members Pervaiz Akhtar and Jawad Rafiq along with the local community, farmers and food processors were the guest at the occasion.
Wednesday, February-03-2016

Two godowns sealed for selling unhygienic edible oil
A number of Punjab Food Authority teams checking different food outlets and godowns in the provincial metropolis have sealed two godowns of the Arif Store on charges of selling unhygienic ketchup and edible oil in loose packing.
Wednesday, February-03-2016

Rice export trade facing crisis, needs government attention
Reap is planning to organise its 8th Export Trophy Awards in Karachi/Lahore/Islamabad and requested the Prime Minister of Pakistan to spare time to preside over the function. "We are confident that the PM's presence will boost the morale of rice exporters.
Wednesday, February-03-2016

PARC to train women to make value added olive products
Pakistan Agriculture Research Council has embarked upon a plan to impart training to women farmers to make value added olive products by utilizing their own fruit to up raise standard of living.
Wednesday, February-03-2016

Recent dollar gains against Euro hurt exports to EU countries
Pakistani exports to EU countries are 60 per cent in Euros and 40 per cent in dollars, according to Pakistani exporters, and thus a strong dollar vis a vis the Euro does negatively impact on 40 percent of our exports.
Wednesday, February-03-2016

Cotton market: activity gains momentum as demand rises
The official spot rate was unchanged at Rs 5,400, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000, in the Punjab, rates were at Rs 2300 and Rs 3100, they said. In the ready business, over 13000 bales of cotton changed hands between Rs 4427 and Rs 5675
Wednesday, February-03-2016

Sahiwal power project: Prime Minister praises fast pace of work
According to the officials working at the Sahiwal Coal Power Plant, it would kick off commercial operation on experimental basis by December 2017. It would be later expanded to add another 1000 MW in the second phase. Work on the project started in May 2014.
Wednesday, February-03-2016

Below 300 units: Rs 3.83 refund for December approved by Nepra
According to the CPPA, fuel cost of electricity delivered to Discos was Rs 5.4550 per unit in December 2015 against a reference price of Rs 8.1037 per unit. However, Nepra approved refund of Rs 3.83 per unit.
Wednesday, February-03-2016

THE RUPEE: steadier trend
INTER-BANK MARKET RATES: OPEN MARKET RATES: The rupee was unmoved in terms of the dollar for buying and selling at Rs 106.50 and Rs 106.70 respectively, but lost 50-paisa against the euro for buying and selling at Rs 116.50 and Rs 117.50 respectively, they added.
Wednesday, February-03-2016

0.7m olive saplings to be planted during next two months
Seven olive nurseries have been established so far and 13 specialised nurseries are in the process of establishment at different components, he said, adding the project had also established and managed olive mother blocks at all provincial components.
Monday, February-01-2016

Prices of essential food items decrease
A considerable decline was recorded in the prices of all kinds of veggies. The price of a five kilogram tomato has reduced to Rs 150 from Rs 200, while the rate of ginger has declined from Rs 180 to Rs 140 per kg, and a one-kg garlic is available at Rs 220, whereas a five-kg potato is being sold at Rs 70 and Rs 80 per kg.
Monday, February-01-2016

Rs 632.6 million being spent on new fish seed hatcheries, nursery units
He said that through establishment of a large fish seed hatchery and nursery units in five districts, production of additional three million quality fish seed of culturable fish species could be possible as well as problems of fish farmers would also be addressed as these districts are lacking this facility.
Monday, February-01-2016

Government urged to form agriculture policy with consent of farmers, peasants
Fareed said that the fact should be an eye opener that China produces two times more cotton and wheat per hectare and Egypt produces around three times more rice and sugarcane per hectare as compared to Pakistan.
Monday, February-01-2016

Plea to review agriculture policies for food security
The agriculture sector in Pakistan has a huge potential which continues to be the single largest and dominant driving force for growth as well as the main source of livelihood for 66 percent of Pakistan's population.
Monday, February-01-2016

APTMA terms Rs three per unit tariff reduction just an eye-wash
Instead, the industry would be paying over Rs 13 for each unit consumed during the month of January due to the burden of various surcharges, which in any case should not be chargeable to the textile industry being fully compliant in bills payment and also receiving electricity on zero loss basis.
Monday, February-01-2016

Cotton market: prices firm on short supply position
The official spot rate was unchanged at Rs 5,450, dealers said. In Sindh, prices of seed cotton were at Rs 2000 and Rs 3000 and in the Punjab, rates were at Rs 2200 and Rs 3100, they said. In the ready business, over 6000 bales of cotton changed hands between Rs 4600 and Rs 5700, they said.
Monday, February-01-2016

ADB offers assistance to KP's power sector
Implementation of 356 micro-hydel power projects plan of current provincial government has been hailed and for the first time in Pakistan Result Based Landing (RBL) technology would be introduced in order to complete these projects on fast track basis.
Monday, February-01-2016

Cut in petroleum products' prices notified
According to the announcement, the new price of petrol would be Rs 71.25 and the price of High Speed Diesel would be Rs 75.79 per liter.
Monday, February-01-2016

THE RUPEE: mixed patterns
INTER-BANK MARKET RATES: In the final Asian trade, the yen stayed on the defensive as the market waited to see if the Bank of Japan would ease policy, while the dollar languished at two-week lows in the face of disappointing US economic data. New orders for long-lasting US manufactured goods in December recorded their biggest drop in 16 months as lower oil prices and a strong dollar pressured factories.
Monday, February-01-2016


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