Mixed pattern was evident on the commodity wholesale markets with sugar showing downward swing during the week ended on May 23, 2004.
Among the commodities fluctuated significantly were sugar, gur, broken irri, juwar, yellow peas and dal, 50x50 and dal beetle, gram and gram dal, til Sindh, bajra, makai, black pepper, nutmeg, cloves, dry ginger, isbaghol, milk powder, rapeseed cakes and cotton cakes, basmati D98.
The price of sugar showed down trend, which fluctuated twice and it was last quoted sharply down at Rs 1640 and Rs 1740, broken irri rice up inferior Rs 100 to Rs 1000 and better up Rs 60 to Rs 1050, cotton cakes quoted at Rs 510 and Rs 520, juwar fluctuated more than once and last quoted was significantly down to Rs 950 and Rs 960, masoor dal up quoted at Rs 3300 and Rs 3400.
PLASTIC MOULDINGS: HDPE film mobil down 25 paisa to Rs 35.25, TR144 up 25 paisa to Rs 35.25, HDPE injection Sabic 200056 down 19 paisa to Rs 35.31, mobil 016 down same amount to Rs 35.31, Thai up 25 paisa to Rs 35.25, LDPE 374 up 75 paisa to Rs 43.35, MG40 down Re 1 to Rs 42.
LLDPE Sabic 500026 up Rs 3 to Rs 50, PP film Kuwait down 50 paisa to Rs 35.50, India down same amount to Rs 35.50, PP tape grade India down 25 paisa to Rs 34.75, Kuwait down same amount to Rs 34.75, Saudia down 25 paisa to Rs 34.75, polypropylene injection grade Saudia up 25 paisa to Rs 35.50, India down 38 paisa to Rs 34.62 and Kuwait down 50 paisa to Rs 35.25.
High impact BASF up Rs 75, ABS polylac 707 down Rs 35 to Rs 2050 and Khumo down Rs 50 to Rs 2050.
GRAIN: Yellow peas inferior down Rs 25 to Rs 1575 and better down same amount to Rs 1610, dal peas inferior down Rs 10 to Rs 1710, and better up Rs 25 to Rs 1610, 50x50 inferior down Rs 1710 and better down Rs 15 to Rs 1750, beetle dal lost Rs 25 to Rs 2000 and better beetle dal inferior down Rs 25 to Rs 2000 and better down Rs 15 to Rs 2050, gram new lost Rs 30 to Rs 1670 and better shed Rs 30 to Rs 1710, gram dal inferior lost Rs 25 to Rs 1875 and better shed Rs 15 to Rs 1925, bajra up Rs 50 to Rs 1300 and better up Rs 50 to Rs 1350.
Til Sindh better gained Rs 50 to Rs 2200, makai lost Rs 25 to Rs 950 and better shed Rs 20 to Rs 1000, black pepper from Singapore up Rs 100 to Rs 4200, black pepper from Vietnam up Rs 100 to Rs 4300, nutmeg up Rs 100 to Rs 8300, cloves shed Rs 200 to Rs 8400, dry ginger from China lost Rs 200 to Rs 5500, isbaghol bhoosi shed Rs 100 to Rs 7300, cuminseed quoted at Rs 3500.
Milk powder vegetable Bailie Gold lost Rs 50 to Rs 3850, Corolac up Rs 100 to Rs 4200, Bale Vole shed Rs 90 to Rs 3850 and Bali Haleeb shed Rs 100 to Rs 3850, gur inferior up Rs 100 to Rs 1200 and better up Rs 100 to Rs 1900 and khand quoted Rs 1650 and better at Rs 1750.
Rapeseed cakes shed Rs 10 to Rs 260 and better shed Rs 7 to Rs 265, barley Sindh and Mardan up Rs 50 to Rs 875 each, basmati D-98 quoted at Rs 1800 and Rs 1900.
FRIDAY'S: Sodium sulphate up 20 paisa to Rs 8.60, N.J. Taiwan up Re 1 to Rs 128, formic acid from Germany down Re 1 to Rs 53, oxalic acid China down 50 paisa to Rs 38, PVA Japan up Rs 2 to Rs 162, rangolite "C" China down Re 1 to Rs 26, same item from Germany down Rs 2 to Rs 120, hydrosulphate China 80 percent down Re 1 to Rs 45, and same item from Germany down same amount to Rs 65, acetic acid Taiwan up 50 paisa to Rs 74.50.
Cereals masoor imported quoted at Rs 2800, and Rs 2950, tuver Punjab and Sindh quoted at Rs 1875, urad Burma down Rs 20 to Rs 680, cotton cakes up Rs 5 to Rs 525.
SATURDAY'S: Rapeseed cakes down Rs 5 to Rs 255 and Rs 260,cotton cakes higher at Rs 530 and Rs 540, masoor imported inferior quoted at Rs 2850, guwar all stations up Rs 10 to Rs 1330 and better quoted at Rs 1350, yellow peas quoted down at Rs 1500 and better at Rs 1590, dal yellow peas down Rs 10 to Rs 1700 and better down Rs 20 to Rs 1720. Plastic mouldings Thai (PP film) quoted up at Rs 35.50, Kuwait down at Rs 35, India down at Rs 35 PP injection Saudia quoted at Rs 35, India quoted at Rs 34, 62 and High impact BASF quoted down Rs 2300.
TEX MILLS IN AFGHANISTAN: If the concern for the progress of the region is given concrete shape, US concern of terrorism could possibly down without a bullet fired.
The pious wish is horn out of a trilateral meeting on the sidelines of the Annual Meeting of Asian Development Bank in Jeyu Island of S Korea the other day.
The finance ministers of Pakistan, Afghanistan and Deputy Secy of US Department of Treasury held a trilateral meeting to review regional progress.
The meeting noted that trade between Afghanistan and Pakistan was rising and was likely to touch a $1 billion mark soon.
However, what has of special attraction in the meeting's proceeding's that Afghanistan a neighbour of Pakistan wished the need to set up textile industry in that country.
The finance minister revealed that sizeable cotton was grown in the past. But what led to its rejection and switching over to other crops most abhorring being poppy. America has been allergic to poppy crop and is spending billions over the years.
The suggestion could well be appealing to the US as, this can eliminate. However, the suggestion from the Afghan minister to allow products from Afghanistan the way US and EU have allowed to Jordan and Bangladesh.
The preferential treatment provided to Jordan and BD means for poor country. The war torn country Afghanistan needs and deserves this access.
The US Deputy. Secretary. Treasury will do very special favour to convince authorities to help grow cotton in, Afghanistan, help set up textile industry and access to its product on preferential term.
TAIL PIECE: Newspapers carry statements seeking favour either local authorities or the country favouring Pak exporters or importers to let duty go or is reduced. Why such an occasion arises?
Those who stand for trouble free business pose question. The latest is a statement of chairman PCFAMEA, urging Federal Commerce minister to help extension in the date of re-imposing the import duty of around 11 percent on all textile goods from Pak to EU countries.
If duty extension matter is not thrashed out, competition is so keen that garment exports will suffer after January 1, 2005 onwards is implemented. If a negotiation could work, let commerce ministry take the exercise.
But circles post yet another question: is the EU measure only against Pak suppliers and why? Or , if the same term is also for other suppliers why such should be called for?
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