Search Result for : Agricultural Exports

The Dollar Business Bureau The All Pakistan Textile Mills Association (Aptma) has rejected the demands to stop importing cotton from India. These demands were made by the Senate Committee on National Food Security and Research. According to this committee, Pakistan’s agricultural economy will be ruined if its government does not prevent the import of 0.5 million bales of cotton from India via the Wagah Border. As there is an adequate stock of cotton lint with Trading Corporation of Pakistan (TCP), the observations made by the Senate Committee are baseless, Aptma Chairman Tariq Saud said in a statement on Thursday. In a recently held meeting under the leadership of Commerce Secretary, the officials of the TCP have confirmed that a balance stock available ...

The Dollar Business Bureau    Exports of agricultural products from India saw a sharp decline in December with 5 of the 11 key items from the sector registering a negative growth of up to 83%, mainly due to the ongoing demand slump and price erosion in the global market. The export of oil meals witnessed the maximum 82.93% fall in December last year, reducing to just $36.67 million as compared to the shipment value of $214.91million in December 2014, the latest government data said. While rice exports fell by more than 35.58%, items included under the category of other cereals dipped by more than 66%. Similarly, cashew which used to be the hallmark of Indian agri exports declined by 15.38%, and ...

The Dollar Business Bureau    The Cabinet has approved India’s stand at the World Trade Organisation (WTO) ministerial conference held in Nairobi in December, which included the country’s commitment towards food security and agricultural exports. The power-packed conference, which saw a conflict between developing and developed countries over issues like farm subsidy and implementation of Special Safeguard Mechanism (SSM) to curb imports, concluded with members agreeing to continue discussion on a common negotiation package. The Nairobi Ministerial Package covers decisions of developing countries on agricultural subsidy, implementation of SSM, public stockholding for food security purposes and commitment to abolish subsidies on farm exports among others. “Decisions were also made regarding preferential treatment to LDCs (Least Developed Countries) in the area of ...

In October this year, agricultural products such as rice and cereals witnessed a huge decline, of 40.68% and 39.27% respectively Deepak Kumar |The Dollar Business Bureau The government had, last month, announced a 3% interest subsidy scheme applicable on all exports of Micro, Small and Medium Enterprises (MSME) and 416 tariff lines   Exports of six out of ten agricultural products tumbled by a significant margin in October this year, while overall exports contracted by 17.53% to $21.35 billion. Exports of oil meals recorded the maximum decline as it fell by over 65% to $28.34 million from last years $81.06 million. Other agricultural products such as rice and cereals, too, witnessed a huge decline, falling by 40.68% and 39.27% respectively. During the month, outbound shipments of ...

Deepak Kumar | The Dollar Business Weak global demand and shortfall in domestic production have led to a steep fall in India’s export of agricultural products in the past few months, say experts. In September this year, the export of 8 out of 10 key agricultural products witnessed a negative growth with cereals registering the steepest decline of almost 64%, the latest government data showed. Industry experts have attributed the downward trend to the weak demand in the European market, devaluation of Chinese yuan and lesser domestic production. “Several factors including devaluation of yuan and market crisis in the European Union have led to a considerable fall in exports. Domestic production has also been hit. Overall we are seeing a decline; both ...