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Japan’s Ministry of Agriculture seeks to buy total of 137,847T of food quality wheat from US

TOKYO:  Japan’s Ministry of Agriculture is seeking to buy a total of 137,847 tonnes of food quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday. Japan, the world’s sixth-biggest wheat importer, keeps a tight grip on imports of the country’s second most important staple after rice and buys the majority ... Read More »

Russian traders to sell 21.5mmt wheat in coming 12 months

MOSCOW: Russia will ship more wheat overseas this season than anytime in history, helped by a surge in exports in May and June, according to ZAO Rusagrotrans, which transports grain by rail. Traders will probably sell 21.5 million metric tons of wheat overseas in the 12 months through June 30, according to Igor Pavensky, the Moscow-based deputy director of marketing ... Read More »

Russia to sell 21.9m tonnes of wheat overseas in 2015

MOSCOW: In its official Twitter account, the Russian cabinet of ministers said the decision was made to abolish the export customs duty for wheat. The duty was imposed Feb. 1 to stabilize bread and flour prices on Russia’s domestic market. The duty was equal to 15% of the customs value plus €7.5, but at least €35 per tonne. Traders have ... Read More »

Jordan buys 100,000 tones hard wheat at a rate of $215 ton C&F

AMMAN: European traders said that the Jordan’s state grain buyer has purchased 100,000 tonnes of optional-origin hard wheat in an international tender for the same volume which closed on Wednesday,. The wheat was purchased at $215 a tonne c&f, they said. Some 50,000 tons was bought for shipment in the first half of December 2015 and 50,000 tonnes is for ... Read More »

Bulgaria to export 4mt wheat to Africa by Egypt Logistics Centre

SOFIA: Bulgaria is keen to invest in Damietta’s global logistics centre project, Bulgarian ambassador to Cairo, Rumen Petrov said. Petrov clarified that Sofia is seeking to use the Egyptian logistics centre to become a hub of Bulgaria’s wheat exports to the African markets, at amounts of 4 million tonnes annually. The ambassador made his remarks during his meeting with Egyptian ... Read More »

Syria in talks for 100,000 tonnes grain swap deal with Italy

DAMASCUS: Syria is negotiating an unusual deal to exchange 100,000 tonnes of hard durum wheat from Syria for 100,000 tonnes of soft bread making wheat from Italy, a source at Syria’s state grains agency said on Wednesday. Talks continue and it is unclear when it might be finalised, said a source at the General Establishment for Cereal Processing and Trade ... Read More »

Tai Harmony bulk carrier to arrive at France’s Rouen port to load 38,000 tonnes of animal-feed wheat

PARIS: A first cargo of French wheat for the Philippines in more than 12 years is due to load in the coming days, port sources said, adding to an unusual run of French wheat exports to far-away Asian destinations this season. The Tai Harmony bulk carrier is due to arrive on Friday at France’s Rouen port, where it will load ... Read More »

Australia raises wheat forecast as production reaches 23.61 million tonnes

CANBERRA: Australia raised its forecast for wheat production in the just harvested 2014/15 season as timely rains in key growing regions aided yields in the world’s fourth largest exporter. Wheat production during the 2014/15 season totalled 23.61 million tonnes, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said, up from its December estimate of 23.22 million tonnes. ... Read More »

Sindh asks TCP to help export 0.4m tonne wheat out of total 1.1m-tonne stock

KARACHI: Having 1.1 million tonnes of wheat stock out of which 0.4 million tonnes are available for immediate export, the Sindh provincial government has decided to export the surplus wheat. The government also asked the Centre to extend its support from Trading Corporation of Pakistan in this respect. The decision was made during a meeting held to review the prevailing ... Read More »

Inflation declines to 5.8pc in 18-months

ISLAMABAD: Though the POL prices were down in November, yet the inflation rate was recorded at 18-month low during October this year due to unchanged prices of petroleum products from July to September. The inflation rate, based on consumer price indicator (CPI), was witnessed at 5.8 per cent low in October 2014 as compared to the same month of the ... Read More »

Finance Ministry slaps 20% import duty on wheat to bolster local production

ISLAMABAD: Ministry of Finance has imposed 20 percent regulatory duty to promote local crops. “The duty applies to wheat imports from all countries for the current crop season,” said Saeed Javed, a spokesman for Pakistan’s Finance Ministry. “Pakistan was out of the global export market this year and a series of very large import purchases put local wheat prices under ... Read More »

Finance Ministry slaps 20% import duty on wheat to bolster local production

ISLAMABAD: Ministry of Finance has imposed 20 percent regulatory duty to promote local crops. “The duty applies to wheat imports from all countries for the current crop season,” said Saeed Javed, a spokesman for Pakistan’s Finance Ministry. “Pakistan was out of the global export market this year and a series of very large import purchases put local wheat prices under ... Read More »

Farmers reject govt raise of wheat support price at Rs1,300

ISLAMABAD: Farmers rejected wheat support at Rs1300 per 40kg for the 2014-15 crop by the government. Finance Minister Senator Mohammad Ishaq Dar increased support price of wheat at Rs1300 per 40kg for the 2014-15 crop by the government. The decision has been taken to facilitate the farmers’ community in the country, said a brief statement issued by the Finance Ministry ... Read More »

Halal meat export up by 9pc to $ 230m

ISLAMABAD: The export of halal meat has increased to $230.2 million during fiscal year 2013-14 from $211.1 million in the corresponding period last year, showing an increase of 9 percent. The export of other food items touched $ 4393.7 million mark as the export value of some food items like rice, fish, fruits and oil seed has increased whereas export ... Read More »

Cross-border smuggling making big hole in exchequer

PESHAWAR: The rampant smuggling of auto parts and Nato forces equipment from Afghanistan into Pakistan has been going on unnoticed, depriving the national exchequer of huge revenue to the tune of billions of rupees. Informed border areas goers and residents of Khyber Agency divulged to Customs Today that auto parts and others goods were being trafficked from Afghanistan through horses ... Read More »

Azadi, Inqilab marches still hamper trade activities in twin cities

ISLAMABAD: The effects of sit-ins and marches have started diminishing in the twin cities of Islamabad and Rawalpindi, but trade activities could not be fully recovered as the participants of the Azadi and Inqilab marches are still in the Red Zone. According to eye-witnesses, CNG, petrol pumps and markets in twin cities have now been opened after a weeklong closure ... Read More »