Record kinno exports fetch $253m

Published May 8, 2021
Pakistan exported highest-ever 460,000 tonnes of kinno during 2020-21 amid strong demand. — Reuters/File
Pakistan exported highest-ever 460,000 tonnes of kinno during 2020-21 amid strong demand. — Reuters/File

KARACHI: Pakistan exported highest-ever 460,000 tonnes of kinno during 2020-21 amid strong demand as foreign buyers consumed the fruit for strengthening the immunity system against Covid-19.

Around 40 countries lifted Pakistani kinno which boosted exports by 30 per cent compared to 353,000 tonnes last year.

“Kinno exports have fetched $253 million this season,” Waheed Ahmed, Patron-in-Chief, All Pakistan Exporters, Importers and Merchants Association (PFVA) said, adding that export target for the current year was 350,000 tonnes to fetch $210m.

He said despite record kinno sales, exporters had to sustain huge financial losses as dollar price fell sharply to Rs153 while they materialised export orders at Rs168.

Pakistani kinno, however, could not get fair price due to lockdown in international markets while disproportionate increase in the cost of freight further multiplied the huge financial losses, the highest loss was sustained in the Russian market, he deplored.

He said exports of kinno were also made to Afghanistan and Iran after reopening of borders due to efforts of the ministries of commerce and interior. Exporters also made shipments to the United Kingdom after a long gap of seven years as the UK has left from the European Union.

Published in Dawn, May 8th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...