Orange prices could rise by 50% due to low production, says PBF – Business

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Orange prices could rise by 50% due to low production, says PBF





ISLAMABAD (Dunya News) – Orange prices could increase this winter as production recorded a very low level (50%) due to the acute water shortage in the canal and surprisingly higher temperatures during the flowering phase of the plants, said the Pakistan Business Forum (PBF). .

PBF Vice Chairman Ahmad Jawad said exports of ‘kinnow’ (orange) will resume from the 1st week of December and the rate at farmgate price will be Rs. 2,000 per mound, according to notification of the district administration due to less quantity.

In order to facilitate exporters, the State Bank of Pakistan should facilitate them properly, precisely for the Iranian and Russian markets to issue electronic forms in a timely manner and make special arrangements for banking channels, he urged.

Jawad lamented that the State Bank of Pakistan (SBP) has been unable to open formal banking channels for both the Iranian and Russian markets over the past two years, which has prevented their potential from being tapped. .

He said the Iranian market can absorb between 60,000 and 80,000 tons of kinnow, while the size of the Russian-Ukrainian-Belarusian market (the largest citrus importer in the world) for Pakistani citrus could be doubled compared to to the current around 50,000 tons shortly provided that the government establishes appropriate banking links with the two markets.

A PBF official also said that with an average annual harvest of 2.4 million tons, citrus contributes about 30% to the total national fruit production, which has been increasing at an annual rate of 1.5% for about two decades. During this period, its exports grew rapidly by 17 percent per year.

He further informed that the China-Pakistan Horticultural Research and Demonstration Center (CPHRDC), a collaboration between Huazhong Agricultural University (HZAU) and Faisalabad University of Agriculture (UAF), has been unveiled. Certificates were awarded to the joint research project in charge at the site.

CPHRDC is an international research and demonstration facility at Huazhong Agricultural University in Wuhan, Hubei Province, China. It is home to a variety of research projects and programs focusing on a variety of topics, including fruit and vegetable breeding, production of labor-saving and high-quality horticultural crops, post-harvest management, production in greenhouse, etc. The center will also host many educational events and workshops, making it a valuable resource for universities and the horticulture industry.

The center will help scientists and farming communities on both sides to increase production and productivity. The main areas of collaboration of the CPHRDC are joint research on horticultural production techniques, implementation of joint projects on horticultural production, cooperation in the development of new varieties, etc.

Joint research projects under the CPHRDC for 2023-2024 include evaluation of citrus varieties, extension and R&D demonstration of high-quality production technologies, research and training on maintaining quality after harvesting and standardization of citrus post-harvest operations, research on germplasm improvement and extension of solanaceous vegetable cultivars, landscape horticulture management and building technology.

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