Pakistan Flour Mills Association (PFMA) has expressed concerns over delay in return of rebate on wheat export and demanded of the federal governments to ensure release of the rebate without any further delay sand save businessmen from bankruptcy. The demand was made in a meeting the association held 9th April with its provincial president Haji Mohammad Yousuf Khan Afridi in the chair. The participants of the meeting said, government was delaying imbursement of rebate on wheat flour exported to Afghanistan that caused huge financial losses to the business community. The subsidy amounting to billions of rupees was given on export of approx. 1.8 million tonnes wheat to Afghanistan every year and demanded of the government to bring more transparency in the rebate process. Authorities should impose ban on sale of existing old stock of wheat, stored at government stores, to ensure availability of good quality of flour in the local market.
Coriander prices rise in Kota as arrivals half.
Coriander prices rise in Kota as arrivals half.
Indian coriander prices start decline on low export demand.
Indian coriander prices start decline on low export demand.
Barley exports from Russia down 42%.
Barley exports from Russia down 42%.
Barley prices in Jaipur at 3-week low on muted demand.
Barley prices in Jaipur at 3-week low on muted demand.
Rice prices soar amid flash floods Sylhet (Bangladesh).
Rice prices soar amid flash floods Sylhet (Bangladesh).
Rice prices to rise if imports stopped in Manila (Philippine).
Rice prices to rise if imports stopped in Manila (Philippine).
Dairy body to buy 3,000 tonnes de-oiled rice bran.
Dairy body to buy 3,000 tonnes de-oiled rice bran.
Australian farmers commit to wheat despite price slump, threat of dry weather.
Australian farmers commit to wheat despite price slump, threat of dry weather.
Wheat procurement begins in Faridkot.
Wheat procurement begins in Faridkot.
Turkish wheat stocks plummet, amid economic uncertainty.
Turkish wheat stocks plummet, amid economic uncertainty.
USDA raises 2017 wheat carryover 3% from March.
USDA raises 2017 wheat carryover 3% from March.
High supplies drag wheat prices in spot markets.
High supplies drag wheat prices in spot markets.
9.11 lakh MT of wheat expected in Bathinda district markets.
9.11 lakh MT of wheat expected in Bathinda district markets.
Coriander prices rise in Kota as arrivals half.
Prices of coriander in Kota were up because arrivals declined. Arrivals in Kota halved to 5,000 bags (1bag=40kg).
Indian coriander prices start decline on low export demand.
Indian coriander prices start decline on low export demand, currently Indian coriander offered at USD1200 per MT, facing stiff resistance from Russian & Romania coriander which was traded at USD 500 per tonne. This make lower export down by 21% YOY. Moreover, domestic arrival preasure also weigh on prices. Domestic prices at a level of Rs.6000-6300 per 100 kg would bring India back to export market.
Barley exports from Russia down 42%.
In February 2017, Russian barley exports turned down again. So, 103.8 KMT of barley was exported from Russia that month, or down almost 30% from the previous month and two and a half times less than exported in February 2016. In the first eight months of the current season, Russian barley exports were down 42% year-on-year at less than 2.1 MMT against 3.6 MMT in July-February 2015/16. Drops are reported in Russian deliveries to almost all of their destinations. This season, the country only increased exports to Lebanon, Morocco and Syria. At the same time, Russia remains the top supplier of barley to Lebanon. Russian exporters have doubled barley shipments to this market in 2016/17 which have already shipped roughly 128 KMT against 62 KMT for the whole 2015/16 marketing year.
Barley prices in Jaipur at 3-week low on muted demand.
Prices of barley in Jaipur hit a three-week low due to muted demand from the feed sector and Stuckists, as well as higher arrivals of the new crop. The grain was sold at down 10 rupees from previous close. Arrivals of the new crop were estimated at 100,000 bags (1bag=85kg), compared with 90,000 bags on previous close. Limited purchases from malt industries also weighed on barley prices.
Rice prices soar amid flash floods Sylhet (Bangladesh).
Flash floods in the greater Sylhet region have taken its toll on farmers and created a shortage of paddy for small to medium-sized rice mills. The Haor areas in northern Sylhet account for nearly 10% of the total cultivation area of about 4.8 million hectares this year and the flooding has adversely affected about 140,000 hectares. The mills usually stock up near the end of the season, which is not happening this season due to unexpected floods and only the big millers are well stocked with paddy. It all boils down to is a rise in retail prices of coarse rise in Dhaka by nearly 6.5% over a week and there is upward price rise of such rice in other parts of the country.
Rice prices to rise if imports stopped in Manila (Philippine).
Rice prices go up if government bans imports of the staple grain. Stopping all rice importation is a dangerous policy that lead to significant shortages and increased rice prices. And it needed to buy 490,800 tons of rice to boost its stockpiles that have fallen below the required level ahead of the July to September lean harvest season.