Tag Archives: price

Production shortages pushed cotton prices to an 11-year high | Instant News

KARACHI: Cotton prices peaked to an 11-year high on Wednesday, while the spot rate rose to historical cotton trading all-time highs in Pakistan, traders said, attributing this to a decline in total production.

Karachi Cotton Broker Forum Chair Naseem Usman said the cotton price was trading at Rs12,000 / maund, which is the highest in 11 years. The spot rate rose to Rs11,700 / maund by the Karachi Cotton Association spot rates committee on Wednesday, which was the highest price in the history of cotton trading in Pakistan.

The increase in Rs400 was recorded at the spot rate. The Ex-Karachi spot price was raised to Rs11,880 / maund after adding Rs180 as upcountry fee. Usman said prices were rising due to a critical drop in cotton production. Prices also remain higher in international markets.

New York Cotton Futures posted a gain of 10 cents to 94 cents per pound, which is also the higher level in several years.

Cotton production in Pakistan is recorded at just 5.6 million bales, which is the lowest level in 30 years, compared to factory consumption of around 15 million bales.

Pakistan will have to import about 8.0 million bales which will cost about $ 4 billion into the country when cottonseed, oil and other by-products are included. This will increase the country’s import bill.

Usman said the government does not have a concrete strategy to increase domestic cotton production, which is a matter of great concern. Sugarcane and other cash crops have replaced cotton in some of the cotton growing areas of Sindh and Punjab, as substandard seeds and pesticides force farmers to switch to other crops.

One stakeholder said that cotton production had increased in 2008-9 due to BT cotton cultivation, which was brought into the country via informal channels.

BT cotton seeds need to be increased every year in order to provide the best results, he said. Because the seeds are not imported legally, the seeds lose their resistance to pests. There is a need to introduce genetically modified seeds, which will increase production, he added.

A report by the Pakistan Cotton Ginners Association (PCGA) last week stated that cotton hoarding in factories was recorded at 5.61 million bales, down 34.29 percent from 8.54 million bales in the same period last year.

Currently, 315,256 bales are in stock with the ginners, down 54.62 percent compared to last year’s 694,717 bales.

Punjab hoarded 3.48 million bales, down 31.41 percent, compared to 5.07 million bales in the same period last year. Arrivals from Sindh fell 38.51 percent to 2.13 million bales compared to 3.47 million bales collected at the ginning factory in the same period last year.


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Continue to strengthen defense industry ties with the UK | Instant News

Department of Defense

Defense Industry Minister Melissa Price has emphasized the importance of defense industry base cooperation between Australia and the UK during important talks with its British counterparts.

Minister Price spoke with UK Procurement Minister Jeremy Quin MP last night and said that the discussion strengthens the depth of relations between the two countries in terms of defense.

“The 2020 Defense Strategic Update and Australia Force Structure Plan and the UK’s ongoing review of national defense policy highlight the importance of like-minded cooperation on common defense industry challenges and opportunities,” said Minister Price.

“I spoke with Minister Quin with pride about how the Morrison Government has supported Australian businesses in the defense sector during the COVID-19 pandemic.

“The recently announced $ 1 billion economic recovery initiative to support the defense industry demonstrates the Government’s flexible and swift response.”

Minister Price said the pair had also discussed general programs such as the Australian Bushmaster vehicle, the British MQ-9B Sky Guardians, the opening of Australia’s new F-35 maintenance, repair and operation facilities at RAAF Base Williamtown, as well as our Naval Shipbuilding program to deliver Type 26 and Hunter class.

“This is the largest defense acquisition Australia has made in partnership with Britain,” said Minister Price.

“I reaffirm Australia’s commitment to this program and strengthen the substantial opportunities for Australian industry.”

“I also welcome the signing of a recent Memorandum of Understanding by the Australian Defense Minister and the UK Secretary of Defense to work together on building and delivering the next generation of state-of-the-art frigates.

“We both look forward to further discussions and we look forward to re-establishing the Australia-UK Defense Industry Dialogue this year, which we will co-chair.”

/ Public Release. This material comes from the original organization and may be point-in-time, edited for clarity, style and length. view more here.


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Samsung Galaxy S21 Ultra New Challenger, Realme GT 5G unveiled!Find out version, specification and price | Instant News

The release date and other important details of the upcoming Realme GT 5G have been leaked on the Internet! There are rumors that due to its advanced features, this new smartphone may cause trouble for the latest Samsung Galaxy S21 Ultra.

(Photo: Screenshot of @realmeeurope’s Twitter post)
Realme GT 5G has Snapdragon 888 and other advanced specifications! Can it compete with Samsung Galaxy S21 Ultra?

according to Android CentralIn the latest report, the upcoming high-end devices are expected to have the latest processors from Qualcomm, as its developer Realme claims that it will be the first brand to release new smartphones that will be powered by the new Snapdragon 888. Launched in 2020.

Three months after Realme’s announcement, the Chinese technology giant finally announced its new Realme GT 5G, confirming that it will debut in China on March 4. However, this does not mean or is certain whether new devices will be introduced in North America. And other countries.

Features of Realme GT 5G

In addition to the Qualcomm Snapdragon 888 processor, this new Chinese smartphone is also expected to offer an AMOLED display with a punch-hole function for selfie cameras, as described in 91 Mobile’s latest news report.

Realme GT 5G has Snapdragon 888 and other advanced specifications! Can it compete with Samsung Galaxy S21 Ultra?

(Photo: Screenshot of @Indian_Tech_1’s Twitter post)
Realme GT 5G has Snapdragon 888 and other advanced specifications! Can it compete with Samsung Galaxy S21 Ultra?

Please also read: Sony Xperia 5 III leaks: specifications, price, release date and more information-is the upcoming smartphone good enough?

The upcoming Realme GT 5G is expected to be equipped with a 5,000mAh battery. This new smartphone also has a 125W fast charging solution to ensure that its users can be fully charged immediately. On the other hand, since it is expected to be equipped with a 64MP triple camera system, it will also be an excellent camera smartphone.

Speculation also suggests that the new Realme GT 5G may also have up to 12GB of RAM. Now, these are all the details leaked from other sources. This means that fans and other interested parties should still wait for further announcements from Realme before or after March 4.

Is it better than Samsung Galaxy S21 Ultra?

So far, it is difficult to conclude that the new Realme GT 5G is comparable to the high-end Samsung Galaxy S21 Ultra, let alone in terms of advanced features. At present, Samsung’s Galaxy S21 flagship product is considered to be the first competitor of the iPhone, and it is said to be the best smartphone currently.

Samsung has the advantage in terms of cameras, as it offers a new 108MP camera, a 12MP ultra-wide angle, two 10MP telephoto cameras (with 3x and 10x optical zoom) and a 40MP front camera on the back. On the other hand, Galaxy S21 Ultra also has 16GB RAM, which is higher than the 12GB RAM of Realme GT 5G. These are just some of the advantages of Samsung Galaxy S21 Ultra.

For more news updates on Realme and other popular smartphone brands, please always stay open on TechTimes.

related articles: Motorola released Moto G30, Moto G10: features and specifications announced!

This article is owned by TechTimes.

author: Giuliano De Leon.

Ⓒ2018 TECHTIMES.com reserves all rights. Do not copy without permission.


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Switzerland – Residential property prices continue to increase | Instant News

(MENAFN – Swissinfo) Residential property prices in Switzerland rose sharply in the last quarter of 2020, and averaged 2.5% for the year as a whole, according to the Federal Statistical Office.

This content is published on 16 February 2021 – 13:03 February 16 2021 – 13:03 Keystone-SDA / jc

This is according to the Swiss Residential Property Price Index published for the second time by the FSO on Tuesday. The new index rose 2.3% in the fourth quarter compared with the previous quarter, representing an overall increase of 3.1% in the same quarter a year earlier, said FSO External Link.

Prices rose 3.1% for owner-occupied apartments, both compared to the previous quarter and the previous year. For single family homes they rose 1.5% in the fourth quarter compared with the previous one. In both market segments, prices rose in all types of communities, both urban and rural.

The FSO residential property index measures developments in transaction prices for single-family homes and owner-occupied flats every three months, with the data broken down into five city types. The data for the calculation comes from the 26 largest and most active mortgage institutions in Switzerland.




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PM rejects the proposed increase in fuel prices | Instant News

ISLAMABAD: To provide assistance to the people, Prime Minister Imran Khan Monday rejected Ogra’s proposed increase in petroleum products.

The Oil and Gas Regulatory Authority has proposed an increase of Rs14.07 per liter of gasoline, Rs13.61 per liter of high speed diesel, Rs10.79 per liter of kerosene and Rs7.43 per liter of light diesel, the Prime Minister said. Office.

He noted that for the sake of public welfare, the prime minister did not approve of the proposal. “The government will do whatever it takes to provide assistance to the people,” said Imran Khan. Meanwhile, Imran chaired meetings on education promotion, the use of technology in the education system and skilled education.

Minister of Education Shafqat Mahmood, Secretary of Education Dr. Ata-ur-Rehman, Secretary of Foreign Affairs, Secretary of Information Technology, Chair of the NITB, Chair of NAVTTC and Private Sector Specialists attended the meeting. Shafqat briefed meetings on reforms in the education system by the Ministry of Education, initiatives related to distance education during the Corona epidemic, and the launch of a pilot project in the use of technology, the “Skills for All” project across the country.

He informed about progress in various projects related to startups, digital literacy and promotion of the knowledge economy. The minister said steps were being taken to educate out-of-school children, especially girls, in underdeveloped areas, train 50,000 youth in artificial intelligence and other modern sciences under the Pakistan Skilled Program, set up the National Skills Accreditation Council, and international organizations. While giving a detailed briefing on the national curriculum on various types of knowledge and skills in vocational institutions, he said that the Ministry of Education is formulating the Pakistan Education Policy 2021.

The policy focuses on providing equal opportunities and easy access to quality education, promotion of modern science, and provision of education and skills tailored to job opportunities. Dr. Ata-ur-Rehman delivered the meeting with various suggestions regarding the use of technology for the promotion of education in the country, accreditation from international institutions, increasing teacher capacity, promotion of artificial intelligence, biotechnology and other modern sciences in the country.

Addressing the meeting, Prime Minister Imran Khan said unfortunately no attention had been paid to the education sector in the past. He said a large proportion of the country’s population were young people and their potential could only be exploited when they had the same opportunity to acquire modern knowledge.


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