Water crisis is imminent in many parts of world , Met in Pakistan has also warned about drought and making use of every drop of rains. Along with this some districts have suffered floods, initially reported to have nurtured the standing crops. Eid shopping was at peak buyers aptly garaging over soaring garment prices. Stock markets and manufacturing economists gauged with optimism.
Such being the global going , in Karachi grain markets guwar depicted sharply higher trend - Sindh and Punjab rose sharply by Rs 3000 to Rs 24000 and Rs 25000, Irri-6 Sindh low type shed Rs 25 to Rs 3375 and Rs 3, 500 while the better type showed no change. Rapeseed oilcake low type shed Rs 60 to Rs 1120 while the other type maintained previous level at Rs 1200. Cottonseed oilcakes with bag in Sindh low type turned higher by Rs 25 to Rs 425-700 and cottonseed oilcake with bag new low type rose by Rs 30 to Rs 980, while better quantity rose by Rs 10 to Rs 1010.
On Jodia Bazar Kirana items (per 40 kg) white pepper was quoted at Rs 42000, black pepper Ceylon lost Rs 1000 to Rs 24,500, long pepper shed Rs 2000 to Rs 42,500, cumminseed rose by Rs 1100 to Rs 11500 and Tamarind quoted at Rs 2600. Meanwhile tea in Bangladesh where from tons of tea is imported showed rising trend owing to strong demand.
The push and pull was musing for the buyers as they had stuff on their hands reach. Besides, 25pc duty on imports imposed recently. Rice growers and exporters prefer giving a brand name to Basmati and exports world-wide rather than ME alone. However, seed and grain market in Karachi on Tuesday noted rapeseed cake low type surged by Rs 60 to Rs 1180 while the other type was put at Rs 1200, cottonseed oilcake with bag Sindh (old) quality low type lost Rs 25 to Rs 450, the better type was down Rs 150 to Rs 550, cottonseed oilcake Sindh new inferior quality rose by Rs 30 to Rs 1010 while the superior quality gained Rs 10 to Rs 1020, juwar Sindh and Punjab conceded Rs 1000 to Rs 2300 and Rs 2400. The cotton ginners rejected fresh SRO, which ginners said sent price of oilseed already down Rs 600 per maund compared with international price. The fresh SRO will render price further down by Rs 100 per maund. They wantedoil seed declared as zero rate commodity.
On Wednesday buying was down so were the prices, Ramazan to end on August 20. However, Guwar Sindh and Punjab jumping lately higher was marked down in Sindh and Punjab by Rs 3000 to Rs 20,000 and Rs 21000, grams Australia No I conceded Rs 100 to Rs 7500 while better type was unchanged at Rs 7800 and gram dal Australia No I was down by Rs 200 to Rs 9000 and Rs 9800, gram 50x50 low type was put at Rs 8000, while the better type shed Rs 200 to Rs 8400, cottonseed oilcake with bag Sindh old rose by Rs 50 to Rs 500 and Rs 600.
On Jodia Bazar milk powder Irish skimmed rose by Rs 50 to Rs 8550, Haleeb SMP was quoted at Rs 6500 while Holland was up by Rs 100 to Rs 8600.
On Thursday producers announced edible oil prices generally rose globally while caution was afloat that attempt to avoid food crisis may worsen problem. However the few fluctuations noted on seed and grain markets were in guwar Sindh and Punjab which showed rising trend again. Anyway Juwar rose by Rs 100 to Rs 21000 and Rs 22000, castorseed Lasbela rose by Rs 25 to Rs 1825 while castorseed Sindh rose by same amount to Rs 1625, cottonseed oilcakes in Sindh with bag new low type fell by Rs 60 to Rs 950 while the better type put at Rs 1020.
On Jodia Bazar chemical items (per kg) caustic soda flakes Saudi rose by Rs 2 to Rs 72, sodium sulphate shed Rs 2 to Rs 15.50, and citric acid China was quoted at Rs 10/- Rangolite 'C' (per pound) from China was quoted at Rs 91,
On Friday markets remained closed on account of Yome Shadat-e-Hazrat Ali.
On Saturday makai low type gained Rs 38 to Rs 2513 and best quality was up by Rs 25 to Rs 2525 due to short supply, juwar low type picked up Rs 200 to Rs 2300 and the good type rose by Rs 250 to Rs 2400, wheat old Bardan and new both shed Rs 10 to Rs 2840 and Rs 2880. Basmati D98 Shahdadkot low type showed no change at Rs 6200 while the new quality lost Rs 200 to Rs 3500. Cottonseed oilcake with bag Sindh (old) low type retained overnight level at Rs 500 and best type was down by Rs 50 to Rs 550, cottonseed oilcake with bag Sindh (new) low type picked up Rs 25 to Rs 975 and the best type lost Rs 120 to Rs 1000, other items maintained overnight levels. Prices maintained overnight levels on the grams side.
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