Comment by Riaz Haq on March 16, 2023 at 1:13pm

Pakistan Fruits And Vegetables Market Analysis - Industry Report - Trends, Size & Share

https://www.mordorintelligence.com/industry-reports/pakistan-fruits...

Increasing demand for Vegetables
Owing to low domestic production, Pakistan depends on vegetable imports for meeting the domestic demand. According to the International Trade Center, vegetable imports dominate the Pakistani market compared to fruit imports. The value of vegetable imports in the country increased by about 50% during the period 2018-2021. The country imported vegetables worth more than USD 946 million in the year 2021 with Australia, Afghanistan, Russia, and Canada being the major exporters of vegetables to Pakistan. Vegetables like potatoes, tomatoes, onions, shallots, garlic, leeks, cabbage, cauliflower, kohlrabi, kale, lettuce, chicory, carrots, turnips, cucumbers, gherkins, and coconuts are majorly imported in Pakistan. Furthermore, recent floods in the country are expected to further increase vegetable imports in the following years. According to a report published by ICIMOD (International Centre for Integrated Mountain Development), Sindh province is the most affected area in the country, where the vegetable losses are estimated at USD 374 million affecting the three key vegetable crops Onions, Tomato, and Chilli. The growing domestic demand for vegetables in addition to the low domestic production is anticipated to drive vegetable imports driving the studied market.



Pakistan Fruits & Vegetables Market Recent Developments
October 2022: The Punjab government in Pakistan released USD 1.11 million (PKR 250 million) to set up the first fully tax-free, fruit, vegetable, and flower market in Rawalpindi to mitigate the inflation on consumers. The new market will have discounted prices of up to 30% and will increase the fruit and vegetable market in the region.

August 2022: The government of Pakistan lifted the tariffs on the import of tomatoes and onions to allow immediate import into the country. The government took the decision, as 80% of the onion crop has been damaged in the Sindh area due to floods, thereby, creating a shortage of the two important vegetables in the country.

April 2022: The Khyber Pakhtunkhwa government signed agreements with private companies to set up cold storage facilities and manufacturing units in Wana, South Waziristan tribal district. The units are being set up under the USAID-funded Horticulture Advancement Activity and implemented by FAO and are designed to increase the competitiveness of potential horticulture value chains in the target regions in the country.

Comment by Riaz Haq on March 17, 2023 at 8:36pm

Army set to initiate ‘corporate farming’ on 45,267 acres in Punjab

https://www.geo.tv/latest/476851-army-set-to-initiate-corporate-far...


According to the sources, corporate companies would also be included in this project, which will be completed in phases.

Under the project, state lands of the Punjab government which are barren and under-cultivated will be utilised for corporate farming. The locals would be made part of the project for modern and mechanized farming.

“The produce will not only be utilised to cater to the food needs of the country but also be used in improving the foreign exchange reserves by exporting the agriculture products.”

The project is quite challenging, as the provision of water to make the land cultivable will be a gigantic task.

The joint venture management agreement was signed on March 8, 2023, with the Punjab government.

“Under the agreement, the Punjab government will hand over its state lands of 45,267 acres to the army for corporate agriculture farming,” discloses an official correspondence that took place on March 10, 2023, between the army and Member (Colonies) Board of Review of Punjab.

Comment by Riaz Haq on March 17, 2023 at 8:36pm

#DigitalPakistan: #Mastercard (MA) to Aid #Pakistan #Agriculture Sector Digitization. The expansive footprint of Digitt+ across the agricultural sector of Pakistan makes it an apt partner to complement MA’s endeavor. #Farm #Finance https://www.nasdaq.com/articles/mastercard-ma-to-aid-pakistan-agric...

Mastercard Incorporated MA recently inked a deal with Pakistan-based Aktkar Fuiou Technologies ("AFT") as a result of which AFT can take part in the Mastercard Community Pass Program. The program is a shared and interoperable digital technology platform, which aims to counter infrastructural headwinds, such as lack of secure connectivity or low smartphone usage, often encountered while digitizing rural communities.

As a result of the abovementioned deal, Digitt+, the country’s agri-fintech company, backed by AFT, will be entrusted to introduce Mastercard Commerce Pass across Pakistan. Commerce Pass is a digital payment solution that falls under MA’s Community Pass suite.

An offline and stored-value account product, Commerce Pass paves way for the safe storage and transfer of digital funds. Thereby, consumers and micro, small, and medium-sized enterprises ("MSMEs") of Pakistan are made aware of digitization benefits and the hassles of cash storage and transferring are minimized.

The recent tie-up reinforces Mastercard’s sincere efforts to integrate digital solutions within the underserved agricultural markets of the country. And the expansive footprint of Digitt+ across the agricultural sector of Pakistan makes it an apt partner to complement MA’s endeavor.


The move seems to be a time opportune one as a significant portion of Pakistan’s population is employed in agriculture and widespread measures are being adopted across the globe to integrate digitization in every sphere of life. But the agricultural sector of Pakistan grapples with ineffective infrastructure thereby creating roadblocks in the way of financial service providers to cater to agricultural workers.

Deemed to be a perfect fit in the prevailing scenario, Commerce Pass will offer a record of transactions that will make availing credit and other financial services easier for the country’s agricultural employees. The Mastercard solution is expected to offer financial flexibility to a considerable population of Pakistan that resides in rural areas and resorts to informal lending channels.

Mastercard follows a public-private partnerships strategy in Pakistan and works in unison with the government or private sector companies to infuse digitization across various sectors of the economy. Last year, MA collaborated with LMK Resources Pakistan (Private) Limited ("LMKR") to execute the first open-loop payment solution, powered by MA’s advanced technology, across the country’s transit system. The move was undertaken to infuse digitization within the country’s travel sector. By virtue of such remarkable initiatives, Mastercard occupies a significant share of the digital payments market in Pakistan.

Comment by Riaz Haq on April 14, 2023 at 10:58am

Corporate farming can ensure food security, strengthen economy: PBF

https://www.nation.com.pk/04-Apr-2023/corporate-farming-can-ensure-...

Pakistan Business Forum (PBF) has called for promoting corporate farming and agriculture research that will not only prove to be an in­stant solution to farmers’ financial woes but also ensure food security in the country, besides strengthen­ing the overall economy. The PBF Vice Presidents Jahanara Wattoo and Chaudhry Ahmad Jawad, and Chairman (Sindh) Mir Murad Talpur expressed these views while talking to media here Monday. The PBF Vice President Jahanara Wattoo said that last year’s flash floods had severely affected farm­ers’ community and the overall agriculture sector, and also put the national food secu­rity at risk. Agriculture sector contributed substantially to coun­try’s GDP, and farmers had always played an instrumental role in resolving every crisis the nation encoun­tered, she observed and suggested that it was necessary to implement an emergency agricul­ture programme and provide farm­ers with an instant solution to their issues. In this regard, she added, public and private sector must play their due role in making improve­ments in agriculture sector.

Both sides should devise plans and make investments to transform the agri sectors on modern farm­ing and techniques, ensuring high yields with low water consumption and other inputs, she maintained. Jahanara Wattoo said, “Women also have great role in our agriculture and without taking them aboard, the development of this vital sector is impossible.” She also emphasized that media should raise awareness and dispel gender stereotypes ob­structing development of various sectors, which were important for economic growth. PBF Vice Presi­dent Chaudhry Ahmad Jawad said that flash floods wreaked havoc in agriculture by washing away stand­ing crops, livestock and other in­frastructures in all the provinces. Though donors organizations and the governments had provided re­lief and rehabilitation support, the agricul­ture sector needed equal opportunities and even more sup­port from the public sector. Ahmad Jawad asserted that it was becoming increas­ingly challenging to satisfy the require­ments of the expand­ing population due to obsolete farming methods, and lack of research and pro­ductivity in the agri sector. In this crisis-like situation, he suggested the government to in­crease agri-research budget, and lay a greater focus on horticulture and other modern farming methods to enhance agri produces which guarantee food security and help increase country’s agri exports. He added, “We pay a lot for food imports however we can save this money by reducing our food im­port, and spend this hefty amount to safeguard farmers and enhance Pakistan’s agricultural sector in or­der to achieve self-sufficiency.”

Comment by Riaz Haq on May 24, 2023 at 6:55pm

Amid Food Insecurity, Pakistan Reports Record-Breaking Wheat Harvest

https://www.rferl.org/a/pakistan-food-insecurity-record-breaking-wh...

By RFE/RL
AP


With ongoing disruption to global supplies caused by Russia's invasion of Ukraine, there is some good news on commodities markets: Pakistan, one of the world's top 10 wheat-producing countries, has reported a record-breaking harvest.

Pakistan's highest wheat production in a decade is a welcome respite for its cash-strapped government struggling through economic, political, and food insecurity.


Pakistani Prime Minister Shehbaz Sharif took to social media on April 30 to announce that the country had attained a “record bumper” harvest of wheat totaling 27.5 million metric tons.

The announcement came as Pakistan has been dealing with record inflation and struggling to avoid a default on its debt as it recovers from last summer's floods, which killed 1,379 people and caused $30 billion in damages.

On global markets, the prices of grains, vegetable oil, dairy, and other agricultural commodities have fallen steadily from record highs. But often the relief hasn’t trickled down to the real world of shopkeepers, street vendors, and families trying to make ends meet.

Food prices were already running high when Russia invaded Ukraine in February last year, disrupting trade in grain and fertilizer and sending prices up even more. But on a global scale, that price shock ended long ago.

According to the UN, food prices have decreased for a full year straight due to bumper crops in countries like Brazil and Russia, and a fragile wartime arrangement to allow grain supplies out of the Black Sea.

Food markets are so interconnected that “wherever you are in the world, you feel the effect if global prices go up," said Ian Mitchell, an economist and London-based co-director of the Europe program at the Center for Global Development.

Pakistani farmers sort wheat grains after they have been threshed during the harvest season at a village on the outskirts of Peshawar.

The Wilson Center, a nonpartisan research institute, reported on March 6 that 77 million Pakistanis are going hungry and 45 million are malnourished.

Though Pakistan is ranked among the top 10 wheat-producing countries, inflation has destroyed the purchasing power of the rupee, resulting in record prices for vegetables, beans, rice, and wheat.

The Central Bank of Pakistan raised its key interest rate by 100 basis points to 21 percent on April 4, pushing borrowing costs to their highest level since records began in 1992. Consumer price inflation in Pakistan accelerated to a record 35.37 percent in March from a year earlier, eclipsing February's 31.5 percent, the statistics bureau said on April 1.

According to the Global Hunger Index 2021, Pakistan ranks 92nd out of 107 countries, indicating a "serious" level of hunger. The government of Pakistan has launched several initiatives to address food insecurity; however, it remains a significant challenge.

Comment by Riaz Haq on June 16, 2023 at 6:50pm

USDA: Global #cotton production forecast to hit 4-year high in FY24. It’s driven mainly by major cotton-producing countries, with #US & #Pakistan leading the charge, each adding 2 million bales to global yield. #India also contributing. #textiles
https://www.fibre2fashion.com/news/cotton-news/global-cotton-produc...


World cotton production is projected to reach a four-year high of 116.7 million bales in 2023-24 (FY24), according to the US Department of Agriculture (USDA). The expected growth in production represents a slight increase of 400,000 bales from the previous year.
The increase is predominantly driven by the major cotton-producing countries, with the US and Pakistan leading the charge. Both countries are projected to see a significant rise in production, each adding 2 million bales to the global yield. India is also expected to contribute to the surge, albeit on a lesser scale, with an additional half a million bales.

However, these gains will be partially offset by a reduction in output from China, the world's leading cotton producer. The Chinese crop is anticipated to shrink by 3.7 million bales in the 2023-24 season due to cooler than normal temperatures early in the growing season in China's Xinjiang region, which could limit yield potential. This decrease means China's contribution to global cotton production is expected to shrink from 26 per cent in 2022-23 to 23 per cent in 2023-24, as per USDA’s Cotton and Wool Outlook: June 2023 report.

Meanwhile, India is set to buck this trend with a projected 2-per cent increase in cotton production from the 2022-23 crop. This rise comes despite an expected reduction in harvested area, with alternative crops predicted to reduce cotton acreage to 12.4 million hectares. A rebound in yield is set to offset this, with the national yield forecast at 448 kg per hectare, the highest in three years. India's share in global cotton production is set to remain steady at approximately 22 per cent.

Outside of the US, other countries including Brazil, Pakistan, and Australia are also projected to see an increase in cotton production. Brazil's output is expected to hit 13.25 million bales, slightly above the 2022-23 figure and second only to 2019-20's record of nearly 13.8 million bales.

Pakistan's cotton production is set to rebound from the nearly four-decade low of 3.9 million bales recorded in 2022-23 due to flood damage. The forecast production of 5.9 million bales for 2023-24 will account for 5 per cent of global production.

Lastly, Australia's 2023-24 cotton production is projected at 5.8 million bales, 300,000 bales above 2022-23 and close to 2021-22’s record of 5.85 million bales, supported by above-average reservoir levels.

Comment by Riaz Haq on June 16, 2023 at 6:52pm

Amid Food Insecurity, Pakistan Reports Record-Breaking Wheat Harvest


https://www.rferl.org/a/pakistan-food-insecurity-record-breaking-wh...

With ongoing disruption to global supplies caused by Russia's invasion of Ukraine, there is some good news on commodities markets: Pakistan, one of the world's top 10 wheat-producing countries, has reported a record-breaking harvest.

1
A Pakistani farmer carries bundles of wheat during the harvest season at a village on the outskirts of Peshawar, Pakistan, on May 4.

Pakistan's highest wheat production in a decade is a welcome respite for its cash-strapped government struggling through economic, political, and food insecurity.

2
Pakistani Prime Minister Shehbaz Sharif took to social media on April 30 to announce that the country had attained a “record bumper” harvest of wheat totaling 27.5 million metric tons.

3
The announcement came as Pakistan has been dealing with record inflation and struggling to avoid a default on its debt as it recovers from last summer's floods, which killed 1,379 people and caused $30 billion in damages.

4
On global markets, the prices of grains, vegetable oil, dairy, and other agricultural commodities have fallen steadily from record highs. But often the relief hasn’t trickled down to the real world of shopkeepers, street vendors, and families trying to make ends meet.

5
Food prices were already running high when Russia invaded Ukraine in February last year, disrupting trade in grain and fertilizer and sending prices up even more. But on a global scale, that price shock ended long ago.

6
According to the UN, food prices have decreased for a full year straight due to bumper crops in countries like Brazil and Russia, and a fragile wartime arrangement to allow grain supplies out of the Black Sea.

7
Food markets are so interconnected that “wherever you are in the world, you feel the effect if global prices go up," said Ian Mitchell, an economist and London-based co-director of the Europe program at the Center for Global Development.

8
Pakistani farmers sort wheat grains after they have been threshed during the harvest season at a village on the outskirts of Peshawar.

The Wilson Center, a nonpartisan research institute, reported on March 6 that 77 million Pakistanis are going hungry and 45 million are malnourished.

9
Though Pakistan is ranked among the top 10 wheat-producing countries, inflation has destroyed the purchasing power of the rupee, resulting in record prices for vegetables, beans, rice, and wheat.

10
The Central Bank of Pakistan raised its key interest rate by 100 basis points to 21 percent on April 4, pushing borrowing costs to their highest level since records began in 1992. Consumer price inflation in Pakistan accelerated to a record 35.37 percent in March from a year earlier, eclipsing February's 31.5 percent, the statistics bureau said on April 1.

11
A worker distributes free traditional roti or bread among needy people at a restaurant in Peshawar on April 16.

According to the Global Hunger Index 2021, Pakistan ranks 92nd out of 107 countries, indicating a "serious" level of hunger. The government of Pakistan has launched several initiatives to address food insecurity; however, it remains a significant challenge.

Comment by Riaz Haq on June 16, 2023 at 7:04pm

Rice exports from Pakistan to Russia will escalate

https://www.nation.com.pk/17-Jun-2023/rice-exports-from-pakistan-to...

In a major breakthrough, fifteen more rice establishments got approved for exporting rice to Russia. Under the leadership of Federal Minister NFSR Tariq Bashir Cheema and Zafar Hassan, Secretary MNFSR, DPP succeeded to get approved 15 more rice establishments for exporting rice to Russia.

Federal Service for Veterinary and Phytosanitary Surveillance of Russia confirms Department of Plant Protection (DPP) Ministry of National Food Security and Research Pakistan that 15 more rice mills which were recommended after technical audit by DPP, can now export rice to Russia. This marks a huge success towards boosting exports and overall economy of the state.

Russia had put a ban on rice exports few years back because of pest interception in rice. However it was lifted in 2021 and only 4 rice mills, which complied their quality standards, were allowed to export rice from Pakistan to Russia. Department of Plant Protection with the support of Rice Exporters Association of Pakistan (REAP) took special steps to upgrade 15 more mills as per the Guidance Document prescribed by the Russian Federation for compliance with the SPS requirements for rice exports. Now, 19 rice enterprises from Pakistan can export rice to Russian Federation. This is a huge achievement of Pakistan government where Department of Plant Protection under the MNFSR in close collaboration of Ministry Of Commerce became able to pitch increase rice exports to Russian Federation. This brings a good news especially to the rice farmers of Punjab and Sindh, as they will be the beneficiaries for this.

Comment by Riaz Haq on June 16, 2023 at 7:04pm

Rice exports from Pakistan to Russia will escalate

https://www.nation.com.pk/17-Jun-2023/rice-exports-from-pakistan-to...

In a major breakthrough, fifteen more rice establishments got approved for exporting rice to Russia. Under the leadership of Federal Minister NFSR Tariq Bashir Cheema and Zafar Hassan, Secretary MNFSR, DPP succeeded to get approved 15 more rice establishments for exporting rice to Russia.

Federal Service for Veterinary and Phytosanitary Surveillance of Russia confirms Department of Plant Protection (DPP) Ministry of National Food Security and Research Pakistan that 15 more rice mills which were recommended after technical audit by DPP, can now export rice to Russia. This marks a huge success towards boosting exports and overall economy of the state.

Russia had put a ban on rice exports few years back because of pest interception in rice. However it was lifted in 2021 and only 4 rice mills, which complied their quality standards, were allowed to export rice from Pakistan to Russia. Department of Plant Protection with the support of Rice Exporters Association of Pakistan (REAP) took special steps to upgrade 15 more mills as per the Guidance Document prescribed by the Russian Federation for compliance with the SPS requirements for rice exports. Now, 19 rice enterprises from Pakistan can export rice to Russian Federation. This is a huge achievement of Pakistan government where Department of Plant Protection under the MNFSR in close collaboration of Ministry Of Commerce became able to pitch increase rice exports to Russian Federation. This brings a good news especially to the rice farmers of Punjab and Sindh, as they will be the beneficiaries for this.

Comment by Riaz Haq on June 16, 2023 at 7:05pm

Sugar price hike has nothing to do with exports, says PSMA

https://profit.pakistantoday.com.pk/2023/05/01/sugar-price-hike-has...

Then the price of sugar was in the range of Rs 80-85 per kilogram, while the cost of production of sugar ranged between Rs 105-110 per kilogram. Pakistan then had a surplus sugar stock of 1.2 million metric tons. The sugar industry had asked the government to allow export of at least 1.0 million tons of surplus sugar out of the 1.2 million tons surplus. However, the government inordinately delayed the decision.

The association also added in their statement that timely exports would have given the correct signal to the farmer to plant more sugarcane or improve the yield of their crop by timely inputs. In December 2022, the government finally gave permission to export 250,000 metric tons of sugar. After fulfilling all governmental prerequisites, the sugar industry has exported 172,180 metric tons of sugar till March 2023 earning approximately USD 85 million.

According to the PSMA, the continually increasing international sugar price meant that sugar domestically in Pakistan is priced at half of prices across our border in Afghanistan. PSMA through its spokesman had continually stressed the need to Control our porous borders to Afghanistan or otherwise the huge arbitrage would make it lucrative to smuggle this commodity, as well, along with what has been seen happening in urea and wheat previously.

PSMA had time and again sensitised the government that the smugglers mafia would take advantage of higher sugar prices in the international market and smuggle sugar out of the country. If the government had given due consideration to the apprehensions and demands of the sugar industry then its earnings of foreign exchange would have been added to the national exchequer instead of landing into the pockets of smugglers mafia. Sadly, the industry couldn’t export the surplus and the country couldn’t benefit from this due to the huge smuggling.

It is also important to address the rising cost of sugar production in Pakistan. In the last crushing season, the government had increased the minimum support price of sugarcane from Rs 225 per 40-kg to Rs 300 per 40-kg (a 33 percent increase), resulting in jacking up the cost of production of sugar to Rs 130 per kilogram. While sugarcane is a major cost component, there are other key elements, as well. An increase in Sales Tax from 17 percent to 18 percent means that with any increase in the price of sugar the federal government gets 18 percent benefit.

They also added that the doubling in the mark-up rates of banks from 12 percent to 24 percent has been a major reason for cost increase, since sugarcane payments are made in three to four months while sugar is sold all year around due to its monthly distribution. Other factors that contribute to the issues include raising of minimum labour wages from Rs 16,000 to Rs 25,000, increase in the prices of different chemicals and spare parts of the machinery of around 70-80 percent as they are imported and the exorbitant rise in the oil prices leading to higher transport costs for sugarcane. All these elements are factors in the increase of cost of production of sugar up to Rs 130 per kilogram.

“Despite all the challenges faced by the sugar industry the price of sugar has increased much less in comparison to food inflation in the country which has gone up by 47 percent in the last one year. It might also be reiterated that the sugar industry of Pakistan set up several discounted sugar stalls much below its cost of production in different cities of the country during the holy month of Ramadan. This step of the sugar industry was also acknowledged by government circles. If the government would have timely allowed export of one million tons of sugar it would have ultimately given a positive message to the farmer who would have timely increased plantation and invested more in their fields to increase yield,” PSMA stated.

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