950819

Milk powder

prices rise at

Jodia Bazar

RECORDER REPORT

KARACHI: Milk-powder prices rose while the prices of plastic mouldings and jute goods (twine) tended lower on the Jodia Bazar on Saturday. The other commodities maintained a steady outlook.

Powdered milk, particularly skimmed, rose sizeably while full cream instant and sweetened milk kept to their previous close. The rise is attributed to the phenomenal rise in prices abroad from $ 1800 per ton to $ 2400 per ton. According to press reports, traders allege that the major dairy farmers of the country have bought in bulk to meet shortages of fresh milk pushing up prices.

Skimmed Haleeb was up by Rs 30, Nur Pur by Rs 20, Luthiania and Alpha by Rs 25 each, Poland and Farmers Jack by Rs 50 each and full cream instant Bailie Gold by Rs 30.

The declining trend in plastic mouldings did not change. Traders and commercial importers have been struggling for survival with their backs to the wall. They demand that the 30 percent concession in Customs duty which has been given only to the woven sack industry should be extended to the entire plastic industry and trade in the name of equity and justice: HDPE blow Dilene conceded Rs 1.55 polypropylene film grade Tipelin shed 25 paisa, tape grade Himont, Saudia, Tipelin and Yuplene gave in Re one each, polystyrene high impact Basf shipped by Rs 4.50 Krasten, Lucky, Hanam and Saudia climed down by Rs 3.50 each.

Chemicals and dyes closed weaker on Saturday: Sodium sulphide China, dropped Rs 1.40, naphthols China AS softened by Rs 15 and Riffa Black 182 PC dipped by Rs 2.

Kirana and dry fruits were steady: white pepper Singapore and Ceylon were quoted at Rs 5900 each, black pepper lost Rs 375, big cardamom shed Rs 150, small cardamom was quoted at Rs 10400 and Guatemalan at Rs 10800, dry ginger turned weaker by Rs 100, mace lost Rs 400, Isbaghol ki Bhoosi retreated by Rs 100, Darchine lost Rs 125, tamarind gained Rs 90 and ghanta up sharply, was quoted at Rs 4300.