AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 136.21 Decreased By ▼ -0.24 (-0.18%)
BOP 5.38 Decreased By ▼ -0.06 (-1.1%)
CNERGY 3.72 Decreased By ▼ -0.08 (-2.11%)
DCL 7.41 Decreased By ▼ -0.09 (-1.2%)
DFML 45.40 Decreased By ▼ -0.01 (-0.02%)
DGKC 78.25 Decreased By ▼ -0.27 (-0.34%)
FCCL 28.58 Decreased By ▼ -0.31 (-1.07%)
FFBL 56.10 Decreased By ▼ -0.90 (-1.58%)
FFL 8.93 Decreased By ▼ -0.34 (-3.67%)
HUBC 101.70 Increased By ▲ 4.90 (5.06%)
HUMNL 13.15 Decreased By ▼ -0.25 (-1.87%)
KEL 3.75 Decreased By ▼ -0.02 (-0.53%)
KOSM 7.30 Increased By ▲ 0.02 (0.27%)
MLCF 37.05 Decreased By ▼ -0.75 (-1.98%)
NBP 66.60 Decreased By ▼ -0.90 (-1.33%)
OGDC 164.80 Decreased By ▼ -2.72 (-1.62%)
PAEL 24.80 Decreased By ▼ -0.30 (-1.2%)
PIBTL 6.62 Decreased By ▼ -0.08 (-1.19%)
PPL 128.00 Decreased By ▼ -3.50 (-2.66%)
PRL 23.86 Decreased By ▼ -2.54 (-9.62%)
PTC 14.80 Decreased By ▼ -0.30 (-1.99%)
SEARL 60.87 Decreased By ▼ -1.38 (-2.22%)
TELE 6.90 Decreased By ▼ -0.10 (-1.43%)
TOMCL 35.80 Decreased By ▼ -0.43 (-1.19%)
TPLP 7.65 Decreased By ▼ -0.23 (-2.92%)
TREET 14.05 Increased By ▲ 0.05 (0.36%)
TRG 44.59 Increased By ▲ 0.04 (0.09%)
UNITY 25.84 Decreased By ▼ -0.01 (-0.04%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 9,089 Decreased By -54.7 (-0.6%)
BR30 27,134 Decreased By -191.8 (-0.7%)
KSE100 85,250 Decreased By -335.3 (-0.39%)
KSE30 26,803 Decreased By -181 (-0.67%)

The Ministry of Commerce (MoC) has banned export of kinnow before December 1, 2012 to ensure good quality export of the highly valued fruit while avoiding losses. The country had faced huge losses last year due to early start of exports as the consignments of kinnow were rejected by some countries.
Through an SRO No 1362.(1)/2012, issued on November 8, 2012, the MoC, while making amendments to the Export Policy Order 2009, has announced that the export of citrus hybrid (fresh kinnow) shall not be allowed before December 1. On the other hand, Waheed Ahmed, Chairman All Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA) has also announced that 0.2 million tonnes export target of mandarin orange [kinnow] has been fixed for 2012-13.
The target this year is almost 0.1 million tonnes less than the previous target mainly due to reduction in production of kinnow by 20 percent lowering the total production to around 1.8 million tonnes. According to Waheed Ahmed, if the 0.2 million tonnes of fruit exported during the forthcoming season, the country would be fetching estimated revenue worth at least $110 million.
Though Iran, Indonesia, Russia, and Middle Eastern countries are the main markets for Pakistani fruits, exports to Russia and Iran are expected to be affected badly. Iranian market has been lost due to the US sanctions while exporters would be conscious about export to Russia where they had faced huge losses last year mainly because of oversupply against the existing demands, he claimed.

Copyright Business Recorder, 2012

Comments

Comments are closed.