The Organic Meat Company Limited stock closed on upper cap limit with 5.9mn shares trading in a single day. Meat quantity exported grew by 15.7 percent year-on-year during first 10 months of this fiscal year, as per data published by PBS.
Earlier in April 2021 the Organic Meat Company Ltd. (TOMCL), Pakistan’s meat processing company has been granted approval by the Chinese customs authorities to export heat-treated beef to China.
Currently, TOMCL has the largest product range and market access from Pakistan’s meat export sector. Moreover, the company’s slaughtering and meat processing facility is spread over 15 acres at Gadap, Karachi. The facilities are approved to supply products to Kuwait, Oman, Qatar, Saudi Arabia, UAE, Bahrain, Maldives, Hong Kong and Vietnam.
The company is associated with various international organizations and has certifications reflecting compliance with international standards of hygiene, quality control and after sales. TOMCL stands out to be an exclusive livestock slaughtering and meat processing facility in the country matching and complying with international standards like HACCP ISO 9001:2008, PSQCA, Gulf Food Standards (UAE), Saudi Food and Drug Authority, and JAKIM (Malaysian Standards).
During Jul 2020 - Apr 2021, Pakistan exported 85,074 tons of meat up by 15.7 percent (Y/Y) as compared to 73,526 tons during the same period last year. However, the price of meat exports decline 2% year-on-year in dollar terms.