Comment by Riaz Haq on May 21, 2022 at 11:58am

Palm Oil Imports by Country
by Daniel Workman

https://www.worldstopexports.com/palm-oil-imports-by-country/

International purchases of imported palm oil cost an estimated total US$33.8 billion in 2020.

Overall, the value of palm oil imports increased by 19% for all importing countries since 2016 when international purchases of palm oil cost $28.4 billion. From 2019 to 2020, globally imported palm oil appreciated 12%.

An edible vegetable oil, palm oil is derived from the reddish pulp of oil palm plant fruit. Palm oil is a highly saturated vegetable fat used for lower-cost cooking, blending into mayonnaise and as a butter substitute. Palm oil is also an ingredient for biodiesel fuels.

The 5 biggest importers of palm oil (India, China, Pakistan, Netherlands, Spain) bought 43.2% of total palm oil purchased via international markets in 2020.

From a continental perspective, Asian countries imported the highest dollar worth of palm oil during 2020 with purchases valued at $17.7 billion or over half (52.3%) of the global total. In second place were European importers at 24.8% while a fast-growing 15.7% of palm oil imported worldwide was delivered to Africa.

Smaller percentages went to customers in North America (4.3%), Latin America (2.5%) excluding Mexico but including the Caribbean, and Oceania (0.3%) led by Australia and New Zealand.

For research purposes, the 4-digit Harmonized Tariff System code prefix is 1515 for palm oil and its refractions, whether or not refined.

India: US$5.1 billion (15.1% of total imported palm oil)
China: $4.1 billion (12.2%)
Pakistan: $2.1 billion (6.2%)
Netherlands: $1.9 billion (5.5%)
Spain: $1.4 billion (4.1%)
Italy: $1.2 billion (3.7%)
United States: $1.1 billion (3.2%)
Bangladesh: $896.9 million (2.7%)
Kenya: $829.6 million (2.5%)
Russia: $793.2 million (2.3%)
Egypt: $732.5 million (2.2%)
Vietnam: $694.7 million (2.1%)
Malaysia: $657.1 million (1.9%)
Myanmar: $645.3 million (1.9%)
Germany: $599.1 million (1.8%)
Among the above countries, the fastest-growing markets for palm oil since 2019 were: Myanmar (up 660.4%), Kenya (up 59.2%), Vietnam (up 30.8%) and Italy (up 20.2%).

Only one top country posted a decline in its imported palm oil purchases namely India thanks to its -5.4% drop.

By value, the listed 15 countries purchased 67.4% of all palm oil imported in 2020.

Comment by Riaz Haq on May 21, 2022 at 7:21pm

Our total consumption of wheat and atta is about 125kg per capita per year. Our per person per day calorie intake has risen from about 2,078 in 1949-50 to 2,400 in 2001-02 and 2,580 in 2020-21

By Riaz Riazuddin former deputy governor of the State Bank of Pakistan.


https://www.dawn.com/news/1659441/consumption-habits-inflation

As households move to upper-income brackets, the share of spending on food consumption falls. This is known as Engel’s law. Empirical proof of this relationship is visible in the falling share of food from about 48pc in 2001-02 for the average household. This is an obvious indication that the real incomes of households have risen steadily since then, and inflation has not eaten up the entire rise in nominal incomes. Inflation seldom outpaces the rise in nominal incomes.

Coming back to eating habits, our main food spending is on milk. Of the total spending on food, about 25pc was spent on milk (fresh, packed and dry) in 2018-19, up from nearly 17pc in 2001-01. This is a good sign as milk is the most nourishing of all food items. This behaviour (largest spending on milk) holds worldwide. The direct consumption of milk by our households was about seven kilograms per month, or 84kg per year. Total milk consumption per capita is much higher because we also eat ice cream, halwa, jalebi, gulab jamun and whatnot bought from the market. The milk used in them is consumed indirectly. Our total per person per year consumption of milk was 168kg in 2018-19. This has risen from about 150kg in 2000-01. It was 107kg in 1949-50 showing considerable improvement since then.

Since milk is the single largest contributor in expenditure, its contribution to inflation should be very high. Thanks to milk price behaviour, it is seldom in the news as opposed to sugar and wheat, whose price trend, besides hurting the poor is also exploited for gaining political mileage. According to PBS, milk prices have risen from Rs82.50 per litre in October 2018 to Rs104.32 in October 2021. This is a three-year rise of 26.4pc, or per annum rise of 8.1pc. Another blessing related to milk is that the year-to-year variation in its prices is much lower than that of other food items. The three-year rise in CPI is about 30pc, or an average of 9.7pc per year till last month. Clearly, milk prices have contributed to containing inflation to a single digit during this period.

Next to milk is wheat and atta which constitute about 11.2pc of the monthly food expenditure — less than half of milk. Wheat and atta are our staple food and their direct consumption by the average household is 7kg per capita (84kg per capita per year). As we also eat naan from the tandoors, bread from bakeries etc, our indirect consumption of wheat and atta is 41kg per capita. Our total consumption of wheat and atta is about 125kg per capita per year. Our per person per day calorie intake has risen from about 2,078 in 1949-50 to 2,400 in 2001-02 and 2,580 in 2020-21. The per capita per day protein intake in grams increased from 63 to 67 to about 75 during these years. Does this indicate better health? To answer this, let us look at how we devour ghee and sugar. Also remember that each person requires a minimum of 2,100 calories and 60g of protein per day.

Undoubtedly, ghee, cooking oil and sugar have a special place in our culture. We are familiar with Urdu idioms mentioning ghee and shakkar. Two relate to our eating habits. We greet good news by saying ‘Aap kay munh may ghee shakkar’, which literally means that may your mouth be filled with ghee and sugar. We envy the fortune of others by saying ‘Panchon oonglian ghee mei’ (all five fingers immersed in ghee, or having the best of both worlds). These sayings reflect not only our eating trends, but also the inflation burden of the rising prices of these three items — ghee, cooking oil and sugar. Recall any wedding dinner. Ghee is floating in our plates.

Comment by Riaz Haq on May 26, 2022 at 7:36am

A Heat Wave’s Lamented Victim: The Mango, India’s King of Fruits
Blistering spring temperatures have devastated crops of the country’s most beloved fruit. “The soul of a farmer shudders at seeing these fruitless trees,” one grower said.

https://www.nytimes.com/2022/05/25/world/asia/india-heat-wave-mango...

India is the world’s largest mango producer, accounting for nearly 50 percent of the global crop. Much of it is consumed domestically, but the country exports tens of millions of dollars’ worth of mangoes each year to the United Arab Emirates, Britain, Germany and the United States. Over the past decade, India has been trying to penetrate markets in other European Union countries as well.

In the past, export growth has been limited by the higher costs of Indian mangoes compared with those from countries like Brazil, Peru, Israel and Pakistan. India has been striving to increase productivity, which would lower costs.

Even before the extreme heat, India’s mango exports had been badly damaged by the supply chain disruptions of the pandemic, with shipments abroad shrinking by almost 50 percent last year. India’s top export organization had hoped for a big turnaround this year as the Indian and U.S. governments eased trade rules.

Comment by Riaz Haq on May 26, 2022 at 7:36am

A Heat Wave’s Lamented Victim: The Mango, India’s King of Fruits
Blistering spring temperatures have devastated crops of the country’s most beloved fruit. “The soul of a farmer shudders at seeing these fruitless trees,” one grower said.

https://www.nytimes.com/2022/05/25/world/asia/india-heat-wave-mango...

India is the world’s largest mango producer, accounting for nearly 50 percent of the global crop. Much of it is consumed domestically, but the country exports tens of millions of dollars’ worth of mangoes each year to the United Arab Emirates, Britain, Germany and the United States. Over the past decade, India has been trying to penetrate markets in other European Union countries as well.

In the past, export growth has been limited by the higher costs of Indian mangoes compared with those from countries like Brazil, Peru, Israel and Pakistan. India has been striving to increase productivity, which would lower costs.

Even before the extreme heat, India’s mango exports had been badly damaged by the supply chain disruptions of the pandemic, with shipments abroad shrinking by almost 50 percent last year. India’s top export organization had hoped for a big turnaround this year as the Indian and U.S. governments eased trade rules.

Comment by Riaz Haq on May 26, 2022 at 8:31pm

Edible oil: How double whammy of price hike is frying consumers


https://www.thenews.com.pk/print/957838-edible-oil-how-double-whamm...

During 2019, Pakistan imported 2.69 million tonnes of soybean and canola oilseed, valued at $1.10 billion. In addition to this, 2.55 million tonnes of palm oil and other byproducts were also imported during the same year, costing another $1.53 billion in the same year.

The import of oilseed swelled to 3.33 million tonnes in the 2021 calendar year with a price tag of $1.98 billion. Similarly, palm oil and other derivatives' imports during the same year ballooned to 2.98 million tonnes, costing $3.74 billion.

The ordeal of consumers because of the backbreaking inflation seems dying hard as prices are yet to peak, said market insiders. In the last couple of months of political instability alone, rupee has devalued to Rs193.70 or by 8.82 percent against dollar, which may further inflate the edible oil price by about Rs25/litre in the retail market in a fortnight or so.

The impact of recent three upward revisions in edible oil’s retail price is stated to be in addition to such cost escalation, according to market insiders.

Ban imposed by Indonesia on palm oil and other byproducts’ export, Ukraine-Russia war, and prolonged heatwave may also negatively contribute to the cost of edible oil, further straining the livelihoods of people in this part of the word.

In order to tame cooking oil prices, Pakistan needs to convert this crisis into an opportunity by incentivising cultivation of edible oil. Neighbouring India is doing the same and has succeeded in increasing domestic production.

It is a sheer lack of good governance that no specialised department exists in the public sector both at federal as well as provincial levels for the systematic promotion of oilseed crops in the country.

With Pakistan Oilseed Development Board’s (PODB) scope remaining drastically limited at national level and non-establishment of similar institutions at provincial levels following passage of 18th Amendment, all development work on edible oil sector came to a standstill.

Comment by Riaz Haq on June 7, 2022 at 8:12pm

Farmdar, a #Pakistani #agritech #startup raises $1.3 million in seed round. It will provide data to increase farm output. #Pakistan is among the world’s top 10 producers of essential crops such as #sugarcane, #wheat & #rice, but it ranks 50th in yield

https://www.techjuice.pk/farmdar-a-pakistan-based-agritech-raises-1...


Farmdar uses deep-tech with high-res, multi-band satellite imagery to create actionable data for farmers and corporates. This data has a direct result on the efficiency and profitability of farmers and corporates.

The round has been led by Indus Valley Capital with participation by strategic investors from Pakistan, the Middle East, and US, including Deosai Ventures, Tricap Investments, United Distributors Pakistan Limited, The Community Fund VC, LMKR and K2 Global Ventures.

Launched in 2021 by childhood friends Muhammed Bukhari, Muzaffar Manghi and Ibrahim Bokhari who himself is a third-generation large farmer, the Farmdar journey began when the founders started exporting produce and discovered that Pakistani produce was considered low quality in the UK and UAE markets. The founders vowed to do something about it.

“We looked at supply chain improvements first, like cold chain, which allowed us to extend shelf life but our underlying quality was still poor. We then tried remote sensing and precision agriculture technology and it created a step change in quality and yield whilst reducing our input costs” said Ibrahim.

“Pakistan is amongst the top 10 producers in the world for essential crops such as sugarcane, wheat and rice, yet in terms of yield we rank 50th or below. It’s a massive yield gap. Farmdar is in a unique position to help increase yield and quality while reducing farming costs and minimizing waste. Pakistan is well placed to be a regional and global agricultural leader. The starting point for agricultural excellence is data and insight that can be actioned upon, accurately and quickly. That’s where Farmdar comes in.” quotes Manghi.

In light of a rapidly growing global population, the agritech’s vision is to create a food secure world and empower farmers in Pakistan with technology to gain control over their produce and its true value. Inherently, there is a human impact, and to that end many data-points for individual farmers will be free of cost, as is registration on the Farmdar web-app. Corporate farms, food processors, food companies and mills requiring more elaborate data and insight will be engaged with bespoke solutions and subscriptions.

By virtue of yield increase with waste and input reduction, Farmdar’s data also helps reduce the impact of agricultural activity on climate change. Farmdar is the only agritech in Pakistan to be a part of the Greentech Alliance.

“Simply using more land to grow more food isn’t the solution, it’s devastating for climate change” quotes the Muhammed. “Farmdar uses artificial intelligence to create data that helps optimize crop productivity by increasing yield, reducing harvest loss and input costs and monitoring diseases. We knew that this data was of immense value, but were surprised to see the widespread appetite for data both on the individual farmer and the corporate side. Accurate data at scale doesn’t really exist in Pakistan”.

Farmdar’s use of technology with remote sensing through satellites makes their growth scalable and aligns with the vision to solve a global problem of agricultural sustainability. The funding will not only enable Farmdar to scale rapidly across Pakistan and hire and develop the very best tech talent, but also apply use cases from Pakistan in foreign markets such as Thailand, Turkey, Bangladesh, Malaysia, Philippines and across the Middle East.

Comment by Riaz Haq on June 20, 2022 at 8:09am

#Pakistan #poultry industry growing 10-12% a year. 15,000 poultry farms throughout the country with capacities ranging from 5,000 to 500,000 broilers. The industry produces 1.3 million tons of #chicken meat annually. #food #protein #calories https://profit.pakistantoday.com.pk/2022/06/06/poultry-industry-gro... via @Profitpk

Poultry is one of the fastest-growing industries in Pakistan with investments of about Rs1.1 trillion.

According to the Pakistan Poultry Association (PPA) report, the industry is the largest agro-based segment, generating employment and income for about 1.5 million people directly and indirectly.

The sector is growing at a fast pace of 10-12% per annum. At present, around Rs190 billion worth of agriculture products are being used by the poultry industry, speeding up the growth in the agriculture sector.

There are estimated 15,000 poultry farms throughout the country with their capacity ranging from 5,000 to 500,000 broilers. Pakistan’s poultry industry produces 1,245 million kilograms of chicken meat annually.

Ali Hasnain, a supervisor of the poultry sector, said that Pakistan’s poultry industry was no less than the international standards. “The poultry industry meets 50% of the total demand for meat in the country, and the rest is met by other meat products like beef, mutton and fish.”

“With the introduction of advanced technologies, more investments are coming around to cater to market needs and earn handsome revenues,” said Ali Hasnain, adding the poultry industry still had a lot of potential to contribute to the economy.

As per the PPA report, meat consumption per capita in Pakistan is less than the developed countries. The consumption of meat and eggs per capita is 6.2 kilograms and 56 eggs annually. In the developed world, the per capita meat consumption is 40 kilograms and 300 eggs annually.

According to the World Health Organisation, a person needs 27 grams of animal protein per day, while most people in Pakistan only consume 17 grams.

To meet the international standards of meat consumption, the supply and production need to be increased and prices need to be brought down so that consumers can get the required meat and egg consumption levels. An increase in production will certainly require more investments in the industry.

To boost production and bring down product rates, imports of poultry-related equipment should be exempted from duties and taxes.

In addition, as growers increasingly need land to establish sheds, the government should provide state land to investors at nominal rates to generate investments and more production.

Haniful Hassan, owner of a poultry farm, said that the current increase in prices of chicken was due to rise in prices of poultry feed. “The price of a feedbag has risen by 900 per bag in the last five months. We want the government to bring down the poultry feed rates to offset the price spiral,” he added.

Haniful Hassan called for establishing poultry research institutes, production directorates and a federal poultry board to provide research and training to farmers.

The government should also ensure easy availability of loans to people related to the industry.

Comment by Riaz Haq on June 22, 2022 at 6:58am

The China-Pakistan Economic Corridor (CPEC) will help address the looming food security challenge of Pakistan by introducing modern farming to enhance the country’s yield through agricultural cooperation, a government official has said.

https://nation.com.pk/2022/06/21/cpec-to-help-address-food-security...

Pakistan has realized that food security is an important component of national security, and agribusiness is being promoted through more investments in the agriculture sector, which will be further enhanced under the CPEC framework, Syed Zafar Ali Shah, a top official of ministry of planning, development and special initiative, told Xinhua in a recent interview. “As a part of improving food security, this year we are investing more in the water sector and the agriculture sector to increase our yield … all these sectors are strengths of China, which has shown great performance and productivity,” he added.

Talking about the potential of his country’s agriculture sector, the official said that it is a big producer of milk, vegetables and fruits, but a huge chunk of it goes wasted due to the unavailability of processing units and the supply chain.

Chinese investors can tap the potential of the sector as they invested in other sectors, he said. The secretary said that his country is committed to CPEC, and no matter which political party is in power, there is a joint consensus that the project is important for the economic development of Pakistan. CPEC is a multifaceted program that catered to the needs of Pakistan, including the most urgent and pressing demand to meet the electricity needs of the country that was facing up to 18 hours of load shedding when CPEC was introduced, he said. Shah noted that CPEC invoked a new life to the economic development of Pakistan by bringing large foreign direct investment (FDI) through different projects.

Talking about CPEC’s role in the overall development of Pakistan, he said that it started off with infrastructure, followed by a new phase of industrialization which is going to be started in the special economic zones (SEZs) under the framework of CPEC. “FDI in SEZs has played a great role in the countries which were short of capital … China being one of the largest investors in the world is our close friend, so we are hopeful that the Chinese investment will contribute a lot to the economic development of Pakistan,” Shah said.

Comment by Riaz Haq on June 28, 2022 at 7:25am

Pakistan growers hope to increase cherry presence in China


https://www.freshplaza.com/article/9439951/pakistan-growers-hope-to...

On the online shopping platforms, cherries imported from overseas have been well received by Chinese consumers, of which mostly are from Chile. Cherry growers from Pakistan also want a part of this market, which is one of the largest consumer markets in the world.

Wang Zhihua, General Manager, Shaanxi Jinguo Cherry Industrial Development Co., Ltd. stated: “Pakistani cherry looks quite good and the color turns dark when it matures. At present, cherries of dark color are especially loved by Chinese customers.” More importantly, there is a time difference of 10 to 15 days between most Chinese cherries and foreign cherries’ maturity. Therefore, if Pakistani cherries can enter the Chinese market, there’re profitable opportunities.

So far the cherry planting area in Pakistan has exceeded 2,500 hectares, and Gilgit-Baltistan and Balochistan are the two main cherry-producing places. The former region produces 4,000 tons of cherry per season, and local consumption is limited. If GB’s cherries can enter China, the export value can be huge.

Comment by Riaz Haq on July 6, 2022 at 2:05pm

FAO in Pakistan

Pakistan at a Glance

https://www.fao.org/pakistan/our-office/pakistan-at-a-glance/en/#:~...'s%20total%20GDP.

Pakistan is also amongst the world’s top ten producers of wheat, cotton, sugarcane, mango, dates and kinnow oranges, and is ranked 10th in rice production. Major crops (wheat, rice, cotton and sugar cane) contribute around 4.9 per cent, while minor crops contribute 2.1 percent to the country’s total GDP.
Livestock sector contributes 11 per cent to the country’s GDP (60.5 per cent in agriculture sector) and employs approximately 35 million people. Fisheries and forestry sectors each contribute an estimated 0.4 per cent to the GDP (2.1 per cent in agriculture sector).
Despite its impressive and continuously growing agricultural production, the country is still facing high levels of food insecurity. According to a global report published jointly by FAO, WFP, UNICEF, WHO and IFAD in 2019, 20.3 per cent of Pakistan’s population (40.0 million people) is undernourished/food insecure. The prevalence of malnutrition amongst children aged 6-59 months is also very high, with an estimated 40% children stunted, 28% underweight, 18% wasted and 10% overweight. Further, around one-fourth (24 per cent) of the country’s population is living below national poverty line and 39.0 per cent is poor based on multidimensional poverty index (MPI).

Comment

• ‹ Previous
• 1
• …
• 6
• 7
• 8
• 9
• 10
• …
• 18
• Next ›
• Page