AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Oranges’ Prices May Surge by 50% Due to Low Production, says PBF

admin-augaf by admin-augaf
November 19, 2022
in Business, National, News
Reading Time: 2 mins read
0
Oranges’ Prices May Surge by 50% Due to Low Production, says PBF

ISLAMABAD: February 08 - A farmer collecting oranges at an orchard in the catchment area of the city. APP photo by Saadia Haidari

Share on FacebookShare on TwitterWhatsapp

Islamabad November 19 2022: The prices of oranges may rise this winter as the production recorded very low (50 percent) due to acute canal water scarcity and unexpected higher temperatures during the flowering stage of plants, Pakistan Business Forum (PBF) said.

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

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

Jawad lamented that the State Bank of Pakistan (SBP) could not open formal banking channels both for Iranian and Russian markets for the last couple of years due to which their potential could not be tapped.

He said that the Iranian market can absorb between 60,000 to 80,000 tons of kinnow, while the size of the Russian-Ukrainian-Belarus market (the largest citrus importer in the world) for Pakistani citrus fruit may be doubled from the present around 50,000 tons within no time provided the government establishes proper banking links with the two markets.

PBF official also said that with an average annual harvest of 2.4 million tons, citrus contributes about 30 percent to total national fruit production which is increasing at an annual rate of 1.5 percent for the last two decades or so. During this period its export has expanded rapidly by 17 percent per annum.

He further informed that China-Pakistan Horticulture Research and Demonstration Centre (CPHRDC), a collaboration between Huazhong Agricultural University (HZAU) and the University of Agriculture, Faisalabad (UAF), was 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 various topics, including fruit and vegetable breeding, labor-saving and high-quality horticultural crop production, post-harvest management, greenhouse production, and more. The center will also host numerous educational events and workshops, making it a valuable resource for horticultural academia and industry.

The center will assist scientists and farming communities from both sides in increasing output and productivity. Key areas of the CPHRDC collaboration are joint research on horticultural production techniques, implementation of joint projects on horticultural production, cooperation in the development of new varieties, etc.

The joint research projects under CPHRDC for 2023-2024 include citrus variety evaluation, popularization, and the R&D demonstration of high-quality production technology, research and training on post-harvest quality maintenance and standardization of post-harvest operation of citrus fruit, research on germplasm enhancement and cultivar extension of solanaceous vegetables, and landscape horticulture management and construction technology.

Source: APP

Related Posts

Turkish Inflation Tops 85% In Likely Peak for This Year

Pakistan’s exports to China increase nearly 12 percent in Jan-July

Average U.S. retail gasoline price falls below $4.50 a gallon, AAA says

Pakistan Inflation Rises to 47 years High As Flood Hit Country


Tags: ExportsInflation
admin-augaf

admin-augaf

Related Posts

Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister
Business

Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister

March 26, 2023
IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider
Business

IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider

March 26, 2023
PSX Goes Live With ‘Public PRIDE’ For Upcoming IPOs
Business

Pakistan Stock Exchange Offered 15 New Broker Licenses

March 26, 2023

Recent News

Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister

Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister

March 26, 2023
IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider

IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider

March 26, 2023
PSX Goes Live With ‘Public PRIDE’ For Upcoming IPOs

Pakistan Stock Exchange Offered 15 New Broker Licenses

March 26, 2023
Moscow To Station Nuclear Weapons In Belarus, Putin Says

Moscow To Station Nuclear Weapons In Belarus, Putin Says

March 26, 2023
A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo

Toyota Pakistan Shut Down Production Plant On Supply Chain Disruption

March 26, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister
  • IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider
  • Pakistan Stock Exchange Offered 15 New Broker Licenses

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister

Efforts On To Put Economy Back On Track, Says Pakistan Finance Minister

March 26, 2023
IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider

IGI Targeting To Acquire 19.98% Stake In Microinsurance And Digital Health Services Provider

March 26, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.