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    Showing posts with label Iran. Show all posts
    Showing posts with label Iran. Show all posts

    Iranian ban on Pakistani kinnow may inflict $40 million loss

    The ban imposed by Iran on the import of Pakistani Kinnow two years back, if not lifted immediately, may inflict a loss of $40 million in terms of revenue, according to All Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PFVA) spokesman, Waheed Ahmed. Prior to the closure of Iranian market, Pakistan used to export 70 to 80 thousand tons of Kinnow to that country every year.
    Iranian ban on Pakistani kinnow may inflict $40 million lossAbout the ban imposed by Russia on the import of fruits and vegetable from Pakistan, he said, hopefully it would be lifted by December 10. Negotiations in this regard are in advanced stage both at government and PFVA level and a decision in favour of Pakistan is likely to be taken soon, he added.
    Pakistan exported 80 to 90 thousand tons of Kinnow worth around 56 million dollars until last year when suddenly Russian government announced a ban a few months back on the ground that the fruit did not meet the sanitary and phyto-sanitary requirements. A Russian delegation is likely to visit Pakistan in January next to examine as to how far quarantine requirements are being adhered to here so that export of 'Aaloo' from Pakistan could be allowed. The country could fetch a handsome amount of foreign exchange in case exports of 'Aaloo' are allowed by Russia, he said.
    Waheed Ahmed said that PFVA has set 300,000 tones export target for Kinnow this year. The association had exported at least 235,000 tones Kinnow worth $140 million last year against the fixed target of 200,000 tones. He said that export of Kinnow will start by December 1. Production of the fruit is expected to be 2,100,000 tones this year against the previous figure of 1,800,000 tones. However the crop is likely to be damaged in some areas which may slightly affect the overall production.
    Increase in the target by 100,000 tones this year has been estimated mainly because of an expected jump in exports to Russia and Indonesia. The export figure of 300,000 tonnes may even be crossed if the Iranian market is tapped followed by an expected relaxation in banking process after the improving relations between Iran and the US. He said that Pakistan would earn at least $180 million revenue if the targeted export of 300,000 tones Kinnow is met this year.
    On the other hand, Waheed feared, the cost of exports is expected to increase by 15 to 20 percent due to hike in petroleum prices, impacting on the cost of transportation, logistic, packaging, labour and products. This would also create a stiff competition with rival countries producing the same fruit, in the international market. It was encouraging; he said that after signing preferential trade agreement with Indonesia, exports are expected to take a jump this year as it is a market of 40,000 tones after Russia and Iran.
    Waheed has however linked the export target with favourable law and order situation in the country and close co-operation among exporters, shipping companies, quarantine department, customs and other concerned government organisations. Exports had suffered huge losses due to long strikes of goods transporters.
    News Source: Business Recorder    News Collected: agrinfobank.com Team

    Barter trade plan stalls, Iran cancels wheat export contract

    By Zafar Bhutta Published: August 27, 2013

    Pakistan’s efforts to export wheat to Iran, aimed at paying outstanding bills for electricity import, have been frustrated as state-owned Trading Company of Iran has cancelled an export contract under a barter trade agreement.
    According to sources, the issue came up for discussion in a meeting of the Economic Coordination Committee (ECC) on August 15 in which the body was told that Iran had scrapped the contract for export of 30,000 tons of wheat.
    The Trading Company of Iran told the Pakistan Agriculture Storage and Services Corporation (Passco), the two entities that had entered into the contract, about the cancellation of the deal on July 16.Barter trade plan stalls, Iran cancels wheat export contract
    Earlier in an ECC meeting held on July 30, the participants proposed that keeping in view the decision taken by the previous cabinet, the committee may pave the way for export of 30,000 tons out of the approved 100,000 tons, to Iran as well as payment of cost differential estimated at $70 per ton.
    The ECC asked the finance ministry to submit in the next meeting a report on the proposal for payment of cost differential by the government on account of transport charges and current international prices of wheat.
    Later, the ECC was told that it was no more necessary for the finance ministry to submit the report.
    According to officials, Pakistan had agreed to sell wheat to Iran at $300 per ton to cover the cost of electricity being supplied to the National Transmission and Dispatch Company (NTDC) by Iran’s Tavanir. The government was to bear the price differential on account of transport charges and current international prices of wheat, estimated at around $70 per ton, in light of the ECC decision in 2012.
    The officials said the NTDC had already paid the rupee equivalent of $9 million to Passco as the cost of 30,000 tons of wheat, out of $53.21 million owed to Tavanir.
    The government had been exploring the possibility of barter trade for export of one million tons of wheat to meet Tehran’s needs and ship the surplus commodity. In May this year, the cabinet approved export of 100,000 tons as the Iranians needed 30,000 tons at a rather short notice to meet their key requirements.
    The Finance Division, Ministry of Foreign Affairs and Ministry of Water and Power threw their weight behind wheat export under barter trade. Wheat trade is said to be permissible in a barter arrangement with Iran and does not invite the United Nations’ sanctions.
    Source
    The Express Tribune

    Iran frees rice exporter on bail

    January 25, 2013
    RECORDER REPORT 
    After remaining jailed for over 50 days, Iran has finally released Pakistani rice exporter on bail. According to sources, a Pakistani rice merchant Haji Abdul Bahadur was in jail in Mashhad on charges of hoarding of rice imported into Iran. He remained imprisoned for around two months despite diplomatic struggles made by Pakistani Consulate General in Iran.

    However, the Quetta based exporter, who was arrested by authorities in Mashhad in the first week of November 2012, got bail from Iranian court recently. This incident had increased the fear and concerns of Pakistani exporters about the foreign market where they were already facing payment issues and devaluation of Iranian currency against dollar.

    Hamidullah Khan, a Quetta based Pakistani exporter, confirmed that the exporter who was charged against hoarding of approximately 400 m/tone rice, valuing 500,000 dollars in the godown in Mashhad was released by the neighbouring country's court. According to him, the accused Pakistani exporter had hired a lawyer in Mashhad to contest his case in Iranian court as diplomatic efforts had not been fruitful to resolve the issue. 
     

    Courtesy Business Recoder

    Malik Muhammad
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    Malik Muhammad Working in an Agro Based Industries, and Part Time Author at Agriculture Information Bank

     
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