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USDA Forecasts Bumper Harvest of Major Crops in Pakistan For 2023/24
The United States Department of Agriculture (USDA) is forecasting bumper harvest of all major crops in Pakistan for 2023/24. Major crops in the country include wheat, rice, sugarcane, corn and cotton. These offer welcome relief for Pakistani farmers who suffered devastating losses in the epic floods of 2022.
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| Major Crops Produced in Pakistan. Source: USDA |
Pakistan is projected to produce 28 million tons of wheat, 10.5 million tons of corn (maize), 9 million tons of rice, 6.5 million bales of cotton, 7.8 million tons of sugar and 540,000 tons of rapeseed (canola) in 2023/24. Each of these production figures is significantly higher than last year's, and higher than the last 5-year average (2018-22) for the country. Potato production jumped 50% to 7.74 million tons in 2022, according to PotatoBusiness.
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| Sugar Production in India and Pakistan. Source: Ragus |
Pakistan will still need to import wheat but a lower amount than last year, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The record harvest will help lower the country’s forecasted import needs from 3 million to 2 million tons in 2023-24 even as total consumption grows to 30.2 million tonnes from 29.2 million tons. Pakistan imported 2.6 million tons last marketing year.
Higher cotton production in Pakistan will result in 2.3 million tons of cottonseed oil in 2023/24, a 34% increase over the 2022/23 output. This increase reflects expectations for a recovery in yield following the flood-damaged 2022/23 output. This will help reduce cooking oil imports, the country's largest food import, this year. Last year, Pakistan imported $4.5 billion worth of edible oil.
Pakistan expects to export 5 million tons of rice worth $3 billion this year. India's ban on non-basmati rice exports will likely help Pakistani exporters fetch higher prices on the world market.
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| Global Rice Market 2023. Source: Reuters |
Pakistan's agriculture output is the 10th largest in the world. The country produces large and growing quantities of cereals, meat, milk, fruits and vegetables. Currently, Pakistan produces over 40 million tons of cereals (mainly wheat, rice and corn), 17 million tons of fruits and vegetables, 70 million tons of sugarcane, 60 million tons of milk and 4.5 million tons of meat. Total value of the nation's agricultural output exceeds $50 billion. Improving agriculture inputs and modernizing value chains can help the farm sector become much more productive to serve both domestic and export markets.
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Comment by Riaz Haq on November 3, 2023 at 11:02am
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Agro, food exports jump 37pc
https://www.dawn.com/news/1780607
ISLAMABAD: Pakistan has seen a significant increase of 37.4 per cent in the export of agro and food products in the first quarter of the current fiscal year from a year ago amid soaring domestic food inflation.
The surge in food products exports can be primarily attributed to the unprecedented rupee depreciation and the persistent disruptions in the supply chain and higher prices in the international market, which have led to a soaring demand for food products.
On Wednesday, the Trade Development Authority of Pakistan (TDAP), a subsidiary organisation of the Ministry of Commerce, released the latest data on the surge in food product exports.
TDAP CEO Zubair Motiwalla expressed his optimism regarding the future of Pakistan’s agro and food product exports. He stated that if the current trends continue, the country’s exports in this sector are projected to surpass $7bn by the end of 2023-24.
According to the TDAP data, major increases were in the export of sesame seed (427pc), maize/corn (109pc), ethyl alcohol (559pc), meat (16pc), rice (14pc), fruits and vegetables (11.8pc), fish and fish products (3pc).
Pakistan exported sesame seed worth $182.2m during July-September 2023-24 as compared to $34m in the corresponding period last year, a growth of 435pc thanks to increased production.
Similarly, the exports of maize were $130m during 1QFY24 as compared to $60.62m in 1QFY23, a growth of 109.32pc. Pakistan’s maize exports have increased manifolds in value, as global prices of food commodities have increased due to the outbreak of Russian-Ukraine war. The major markets for maize are Vietnam, Malaysia, Korea and Oman.
Pakistan exported ethyl alcohol worth $126.81m in 1QFY24 as compared to $19.23m in 1QFY23, indicating a growth of 559.1pc.
Pakistan exported $112.36m worth of meat in 1QFY24 as compared to $96.4m in 1QFY23, showing a growth of 16.54pc. The reason for the increase in meat exports is the introduction of new markets — Jordan, Egypt, and Uzbekistan.
At the same time, several new enterprises are registering to export meat to the UAE, KSA, and the GGC region.
Malaysia also cleared three more slaughterhouses for export/processing. Furthermore, one meat exporting company was granted market access for heat-treated meat shipments to China.
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