Olive Revolution: Pakistan Joins International Olive Council

Pakistan's Ten Billion Tree Tsunami project launched in 2014 by the PTI government has sparked a silent olive revolution in the country.  Pakistan, now the 19th member of the International Olive Council, is producing about 1,500 tons of olive oil per year and 830 tons of table olives,  according to Juan Vilar Strategic Consultants. It is also helping tackle some of the effects of climate change such as soil erosion and desertification and bringing new opportunities to farmers. Olive cultivation was started as a pilot project in Potohar region by Punjab Chief Minister Shahbaz Sharif's government in 2014. The PTI government promoted it nationwide as a part of Prime Minister Imran Khan's Ten Billion Tree Tsunami initiative to bring about the olive revolution in the country. 

Olive Valley, Pakistan

Pakistan is the world's third largest importer of cooking oil. In 2020, Pakistan imported $2.1 billion worth of palm oil, behind only India's $5.1 billion and China's $4.1 billion in palm oil imports. Increasing olive oil production will help the country reduce its dependence on palm oil imports. Substituting imported palm oil with domestic olive oil may also help improve the heath of Pakistani consumers. 

The International Olive Council (IOC) has 18 members, mostly European and Middle Eastern nations located in the Mediterranean region. Pakistan has joined as its 19th member. The IOC members account for more than 98% of global olive production. The IOC has been headquartered in the Spanish capital Madrid since it was founded in 1959.  The organization specifies acceptable quality control testing methods and assures consumer transparency information, for example: hygiene standards along the supply chain, suitable packing materials and filling tolerances product labelling standards, identification of any food additives or allowable contaminants, recommendations for environmental protection in the use and disposal of olive products.  

Olive Plantation in Peshawar, Pakistan. Source: Olive  Oil Times

Welcoming Pakistan into the organization, Mr. Abdellatif Ghedira, the IOC’s executive director, told Olive Oil Times: “In Pakistan, olive oil culture is making inroads, and so are the opportunities related to that .....The council is a decisive player in contributing to the sustainable and responsible development of olive growing, and it serves as a world forum for discussing policymaking issues and tackling present and future challenges".  

Olive trees thrive in dry arid regions with rocky soils that are more challenging for traditional crops. Pakistan government officials believe that olive farming is an efficient answer both to reforestation needs and economic development. “A special focus in this phase will be given to underprivileged areas of the country, such as Southern Balochistan, Southern Punjab, the tribal areas of Khyber Pakhtunkhwa (KPK) and some parts of Sindh province,” Muhammad Tariq, national project director at the Ministry of National Food Security and Research, told Olive Oil Times. 

It is expected that traditional farming and modern techniques would make large tracts of barren land productive, creating new jobs and growing the economy. Drip irrigation systems are being deployed over 16,000 hectares and 3.6 million olive trees. The Pakistani public and private sectors currently maintain 26 olive oil extraction plants of different capacities, from 80 kilograms per hour to 600, according to Olive Times.

Pakistan has the potential to be a world leader in olive production. In the last decade,  PTI's Ten Billion Tree Tsunami initiative has spurred rapid olive cultivation in Pakistan with the import of 100,000 olive seedlings from top olive producing countries like Spain, Italy and Turkey. Pakistan’s climate is conducive for olive production, as the olive trees grow fast in regions with moderate winters following long hot summers.

Related Links:


Haq's Musings

South Asia Investor Review

Chicken Cheaper Than Daal

Meat Industry in Pakistan

Bumper Crops and Soaring Tractor Sales in Pakistan

Meat and Dairy Revolution in Pakistan

Pakistanis Are Among the Most Carnivorous

Eid ul Azha: Multi-Billion Dollar Urban-to-Rural Transfer

Pakistan Among World's Largest Food Producing Countries

Drip Irrigation: Can Pakistan Make its Deserts Bloom?

Pakistan's Agenda at COP26 Climate Conference

Views: 784

Comment by Riaz Haq on July 18, 2022 at 10:56am

The World Bank’s Board of Executive Directors today approved $200 million in financing to support Pakistan in transforming the agricultural sector by adopting climate-smart technologies to improve water-use efficiency, build resilience to extreme weather events and increase incomes of small farmers.

https://www.worldbank.org/en/news/press-release/2022/07/15/world-ba...

The agricultural sector in Punjab is central to the Pakistan’s economy and food security as it accounts for 73 percent of the country’s total food production. The Punjab Resilient and Inclusive Agriculture Transformation Project (PRIAT) will increase agricultural productivity through efficient and equitable access to water for small farms. It will support farmers at the community and household levels to adopt climate-smart farming practices and technologies that improve crop yields and conserve water resources in Punjab.

“In recent years Pakistan’s agriculture sector has suffered from losses in crop yields and livestock, damage to irrigation infrastructure, and food shortages due to climate change, particularly severe droughts in the Punjab province,” said Najy Benhassine, World Bank Country Director for Pakistan. “This project aligns with the Punjab Agriculture Policy 2018, which promotes massive expansion of water conservation efforts, enhancing sustainability and resilience in the wake of climate change, and private sector participation to help boost the productivity of the sector.”

PRIAT will support farmers implement innovative, climate-smart technologies to help the Punjab government achieve economies of scale to transform the agricultural sector. The project will engage the private sector in sourcing appropriate technologies and providing training tailored for water user associations and individual households to improve water conservation practices and agriculture productivity.

“The agriculture sector has a huge opportunity to both build climate resilience and improve economic conditions by generating access to domestic and international markets,” said Guo Li, Task Team Leader for the project. “PRIAT will help accelerate the government’s efforts to transform the agri-food system through market-oriented production activities that add value, increase competitiveness and generate higher incomes for farmers.”

The project will benefit about 190,000 small, family-owned farms and 1.4 million acres of irrigated land in rural communities in the province. It will also provide training to small- and medium-sized farm owners on water conservation and more sustainable, climate-resilient agricultural practices, including for women. About 74 percent of women in the province rely on agriculture as a source of livelihood.

The World Bank in Pakistan

Pakistan has been a member of the World Bank since 1950. Since then, the World Bank has provided $40 billion in assistance. The World Bank’s program in Pakistan is governed by the Country Partnership Strategy for FY2015-2020 with four priority areas of engagement: energy, private sector development, inclusion, and service delivery. The current portfolio has 60 projects and a total commitment of $14.2 billion.

Comment by Riaz Haq on July 27, 2022 at 5:00pm

#Pakistanis plant #trees to provide relief from scorching sun. There are neem saplings and vegetables sprouting up from scrubland in the #Clifton district of #Pakistan's largest city #Karachi. #ClimateCrisis #heatwave #floods #fires via @reuterspictures https://widerimage.reuters.com/story/pakistanis-plant-trees-to-prov...

Mulazim Hussain is proud of the trees he has planted.

Surrounded by neem saplings and vegetables sprouting up from scrubland in the Clifton district of Pakistan's largest city Karachi, the 61-year-old recalls a time a few years ago when the area was a giant, informal rubbish tip.

"Now there is greenery and happiness, children come in the evening to play, people come to walk," he said, speaking near a patch of trees amid a barren expanse bordered by the sea on one side and tower blocks and offices in the distance on the other.

"I have raised these plants like my children over the last four years," he added, taking a break from his labours amid a fierce summer heatwave.

Wearing a white and brown scarf around his head and a loose, cream-coloured shirt, Hussain collected dry grass from the ground and watered his cherished trees during a recent visit by Reuters reporters to the urban forest plantation project.

At the end of the day, he turned the hose on himself to cool off and clean up before heading home on his motorcycle.

The father of two is employed by an urban afforestation project in a government-owned park in Karachi's upmarket Clifton area that is run by Shahzad Qureshi, who has worked on similar projects in other Pakistani cities and overseas.

It is one of dozens of state-owned and private planting initiatives in Pakistan, where forest cover lags far behind average levels across South Asia. Trees absorb carbon dioxide, emissions of which contribute to warming global temperatures.

The aim in Clifton is to counterbalance rapid urbanisation in Karachi, a sprawling port city of some 17 million people where breakneck expansion of roads and buildings means there is less and less space for trees and parkland.

Qureshi wanted to provide shade for residents seeking escape from rising temperatures - a heatwave in 2015 killed more than 400 people in the city in three days, and temperatures in the surrounding Sindh region reached record highs this year.

The trees can also attract local wildlife, mitigate urban flooding and provide new sources of food.


"The bigger the tree cover of the city the more the cooling, with a difference of up to 10 (degrees) Celsius when you are surrounded by trees," he told Reuters, adding that the project only used native species.

"As you plant ... it attracts insects, and varieties of birds start coming. Presently mongoose are roaming around in the park, and four or five varieties of chameleon.

"You give them a home, you give them food and let it happen. Nature is so beautiful."

DOES PLANTING HELP?

Overall forest cover in Pakistan, home to more than 220 million people, is around 5.4%, according to Syed Kamran Hussain, manager for the Khyber Pakhtunkhwa province at the World Wide Fund for Nature's national branch.


That compares with 24% in neighbouring India and 14.5% in Bangladesh, and the previous government announced a mass forestation programme that envisaged planting 10 billion trees between 2019 and 2023.

"Pakistan is among the top 10 most vulnerable countries affected by global warming," Hussain said. "After oceans, trees are the second largest sink of carbon."

Some climate change experts question the impact of afforestation projects - the planting of trees where there were none before - in urban settings.

Comment by Riaz Haq on July 31, 2022 at 7:35pm

Tree Plantation: 8.8 Mln Saplings Would Be Planted

https://www.urdupoint.com/en/pakistan/tree-plantation-88-mln-saplin...


A total of 8.8 million saplings would be planted in four districts of the division during current tree plantation campaign.

This was stated by Divisional Commissioner Dr Irshad Ahmad while inaugurating tree plantation campaign by planting a sapling in the lawn of his office here on Sunday. Additional Commissioner Coordination Fareed Ahmad, Conservator of Forests Niaz Muhammad, Divisional Officer of Forests Nisar Khan and ACR Ghazala Kanwal and others were also present.

The Commissioner said that the forest department would plant 5.4 saplings, while private organizations would plant 2 million saplings, Pakistan Army would plant 1.2 million and other departments would also plant 0.

2 million saplings in the division.

Divisional Officer, Forest ,Nisar Khan briefed the Commissioner that on the Independence Day (August 14) 30,000 saplings would be planted in four districts in which 10,000 saplings would be planted in Sargodha and 5,000 in other three districts each, while the forest department would also distribute 1500 saplings to citizens free of cost, he added.

The Commissioner Dr Irshad Ahmad highlighted that trees were imperative to counter environmental pollution, in addition to combating climate changes. "Therefore, the nation should take part actively in the tree plantation campaign to plant maximum trees in greater national interest", he added.

Comment by Riaz Haq on August 3, 2022 at 5:16pm

Indian state bets big on oil palm to cut $19 billion vegoil imports

https://www.reuters.com/world/india/indian-state-bets-big-oil-palm-...

Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades.

Telangana is targeting 2 million additional acres under oil palm cultivation in the next four years, and is going to great lengths to achieve this goal - from building large dams and irrigation canals to importing millions of germinated sprouts.

Generous government subsidies and bumper profit potential compared to other crops are also encouraging farmers like Daravathu to shift to oil palms.

"Oil palm is giving more than 200,000 Indian rupees ($2,536) per acre return to farmers who planted the crop some years back. In rice, I am struggling to earn 40,000 rupees even after putting in lots of effort," said Daravathu, who was planting oil palm on his 5-acre farm at Sathupally, nearly 300 km (186 miles) east of Hyderabad, the state capital.

The recent rally in palm oil prices has more than doubled prices of fresh fruit bunches, which farmers sell to oil mills.

For years, price volatility, water scarcity and a gestation period of nearly four years limited oil palm plantation in India to less than 1 million acres, mostly in coastal Andhra Pradesh, the state that Telangana was carved out of in 2014.

But Telangana, which occupies an inland region on the Deccan Plateau, is now keen to emerge as India's main palm oil hub, with an area target that would place the state as the fifth largest oil palm grower globally – from a negligible base currently.

The drive could reduce India's mammoth vegetable oil imports, which cost the country a record $18.9 billion a year ago and widened the national trade deficit.

India fulfils two-thirds of its vegetable oil demand through imports of around 14 million tonnes annually, including around 8.5 million tonnes of palm oil.

The federal government is keen to increase palm oil output to slash those expensive imports, which lifted inflation this year to multi-year highs after top supplier Indonesia abruptly halted exports.

"In the next four years, most of the palm planting would be done, and after 7-8 years Telangana could be producing 4 million tonnes of palm oil," L Venkatram Reddy, director of Horticulture at the state government told Reuters

------


Companies operating in Telangana imported 12.5 million sprouts last year and made seedlings for around 200,000 acres this year, said an official with the state-run TS Oilfed, the country's biggest importer of germinated sprouts

The state is aiming to import 15 million sprouts this year - mainly sourced from Indonesia, Malaysia, Thailand and Costa Rica - and 50 million next year to achieve the target, he said.

But only handful of companies are supplying germinated sprouts.

"There is sudden surge in demand following a rally in palm oil prices. Companies are not able to supply as much we need this year," said Sougata Niyogi, a top official at Godrej Agrovet. "The supply situation would become more comfortable next year."

Comment by Riaz Haq on August 3, 2022 at 5:21pm

Palm Oil For Pakistan – A Burden Or Breather In-Depth Analysis Of Pakistan’s Edible Oil Industry

https://tdap.gov.pk/wp-content/uploads/2022/03/Palm-Oil-For-Pakista...

For the last five years, Pakistan's agro sector is under trade deficit with USD 2.2 billion being the highest low in 2020. The widened trade gap in 2020 was due to the imports of wheat and pulses and the sudden increase in palm oil prices globally. Palm oil is Pakistan's largest food import item with a 30 percent share in agro imports and the country’s second-biggest import after petroleum. The bulk imports are a consequence of Pakistan’s increasing per capita consumption of edible oil, and the inability to produce adequate quantities of edible oil domestically. The total local consumption of edible oil is 5 MMT, 30 percent of which is domestically-produced and 70 percent of edible oil demand is met through the import of refined palm oil. This demand-supply gap indicates a deeply rooted dependence of Pakistan on imported oilseeds and refined palm oil, which is susceptible to deepen due to yearly decline in local oilseed production. Although the government has launched oilseed production enhancement programs for rapeseeds, sunflowers, and olive oil, the harvest cycle will approximately take the next 7 years to complete. Amid rising demands of edible oil and stunted local production, palm oil is a natural and economic choice for Pakistan due to its affordability, accessibility, and availability. Pakistan imports 75 percent of palm oil products from Indonesia under the Preferential Trade Agreement, whereas it imports 25 percent of palm oil products from Malaysia under the Free Trade Agreement. Despite these agreements, Pakistan faces high export duties on crude palm oil and increasing prices of refined palm oil. Because of these concerns the import value of palm oil is increasing at 2 percent faster rate than the quantity imported annually. If this scenario prevails, Pakistan will import 4 million tons of palm oil by 2025 costing over USD3.5 billion. To control the predicted hike, it is mandatory to control the price and consumption of palm oil for Pakistan. Pakistan is capable of consuming 1.5 million tons of crude oil but only a thousand tons were imported in 2020. The crude will not only produce refined palm oil but will also produce palm fatty acid distillate (PFAD) and palm stearin which are major imports of Pakistan. The study examines the possibility of importing crude oil instead of refined palm oil and finds out how imports of crude palm oil can reduce burden from the economy of Pakistan and make it an opportunity to move towards self-sufficiency

Comment by Riaz Haq on August 4, 2022 at 8:03am

The (Pakistan) government is working on a policy that will not only reduce dependence on imported palm oil but also facilitate and support farmers to grow oilseed crops, Minister for National Food Security and Research, Tariq Bashir Cheema, said on Tuesday.

https://www.dawn.com/news/1698469

At a press conference, Mr Cheema said the government has decided to take short- to long-term policy measures for the uplift of the agriculture sector, focusing on encouraging the farming community to bring more area under cultivation with the ultimate objective of achieving self-sufficiency in all the major crops and reducing the country’s import bill for certain agricultural products.

The country is currently spending $4.5 billion annually on the import of palm oil, and it is expected that the import bill for this commodity will increase to $6bn next year.

The minister said spending $1bn on the import of three million tonnes of wheat and $6bn on importing palm oil in a year is a big loss of foreign exchange, which is a matter of grave concern.

“The present government has revised the procurement targets for the procurement of wheat by the Punjab government and Passco, which have been achieved. In the wake of the Russia-Ukraine war and the pressure built on the countries of the Central Asian Republic on their exports, the government has attained sufficient wheat stock to avoid the imposition of any emergency,” he added.

The minister said that the support price for wheat, being the important staple food crop, will be announced well ahead of the rabi season so that farmers will be able to have their own production estimates while keeping in view the market trends.

As far as cotton is concerned, Mr Cheema said that Prime Minister Shahbaz Sharif has already formed a special committee headed by Shahid Khaqan Abbasi, to formulate a recommendation as to how to incentivise cotton growers so that the lost area under cotton cultivation should be revived.

The intervention price for cotton will be set keeping in view of the price in the international market so that cotton growers should not face any loss, he said.

As part of the long-term policy measure, the government has decided to solarise all the 1.2m tube wells that are run on electricity. Once solarised, the agricultural tube wells will be 100 per cent free of electricity.

The special committee has proposed that bank financing on easy instalments be offered to farmers, and in this regard, the government is currently negotiating with commercial banks, he said.

He said that all agricultural inputs have been made tax free, and while referring to the availability of tractors, he was of the view that farmers should get tractors from banks on lease financing, as in the case of leasing of vehicles. This will help eliminate the profit of middlemen.

The minister said that Pakistan and China will shortly sign an agreement on buffalo breed improvement.

Comment by Riaz Haq on August 6, 2022 at 4:42pm

Beekeepers reap a dividend from the government's programme to expand forests, as honey production rises

https://news.trust.org/item/20200707041422-vekhw

TREES FOR BEES

Malik Amin Aslam, climate change advisor to Prime Minister Imran Khan, said that nurturing the relationship between trees and bees is a priority for the 10 Billion Trees project.

He told the Thomson Reuters Foundation that in several honey-producing areas the project is planting bee-friendly trees such as the indigenous bari tree - also known as ziziphus mauritiana or jujube.

The tree's honey is sought after for its low glucose content, which makes it less likely to crystallise, he said.

But Syed Mahmood Nasir, head of the Islamabad-based Nature Clicks Institution, a non-profit focused on the environment and anthropology, warned that growing Pakistan's honey industry is not as simple as planting more trees.

Authorities need to be clear on whether they want a replanted forest to produce wild or farmed honey, with each requiring different management and resources, explained Nasir, who was formerly the government's inspector-general of forests.

Either way, "they should ensure that no pesticides are used within at least 10 miles of the forest", he added.

For Changa Manga beekeeper Hussain, Pakistan's bee-boosting reforestation efforts make him optimistic he can carry on the business his father has been running for the last 45 years.

Hussain fondly recalled a childhood spent watching his dad extract honey straight from the beehives to give to customers.

"My biggest motivation for this work is that my father has had a special affection for honey since he was a boy and he doesn't want this fondness to end," he said.

"We will do it generation by generation. As long as the forest is there, honey is there."

----------

When authorities started planting millions of trees in eastern Pakistan's Changa Manga Forest five years ago, the idea was to bring back life to forest land that had been destroyed by illegal logging, water scarcity and fires.

Now that the trees have matured, they are having an even sweeter side-effect - helping to boost the local bee population and honey production in the area.

As part of Pakistan's efforts to offset the impacts of climate change by rehabilitating forests, conserving soil and improving water management, 3.5 million trees were planted on 6,000 acres (2,428 hectares) in Changa Manga, known as one of the world's largest man-made forests, near the city of Lahore.

Beekeepers in the plantation said they are now harvesting up to 70% more honey than before the greening project started in 2014, as the trees provide a habitat for bees and create conditions for a growing diversity of plants and flowers.

"As more of the plantation has been created, our honey production has kept on increasing," said Bilal Hussain, a beekeeper in Changa Manga whose father runs the forest's honey operations.

"We will get even more income over the next four to five years," Hussain said excitedly, as he extracted honey from a piece of honeycomb to pack into bottles to sell at his shop.

The amount of honey harvested by beekeepers in the 12,500-acre forest almost doubled from 725 kg (1,600 pounds) in the fiscal year 2018-2019 to about 1,300 kg in 2019-2020, said forest officer Shahid Tabassum.

And the amount of sticky stuff coming out of Changa Manga is estimated to keep rising to about 2,000 kg in the next fiscal year, Tabassum added.

The old forest had three main species of trees, to which at least seven have been added, he noted.

"The forest cover plays an important role in the increase of honey production because honeybees get shelter, shade and water from the trees," he told the Thomson Reuters Foundation.

Globally, there has been a drastic decline in bee numbers, largely due to intensive agriculture, pesticide use and climate change, environmentalists say.

A study published in the journal Science in April found that the world's population of land-dwelling insects is falling by almost 1% every year.

EXPORT SUCCESS

The boost in honey production is sweet relief for Pakistan, a cash-strapped country that got a $6-billion bailout package from the International Monetary Fund last year.

Pakistan has seen a drop in its exports and foreign remittances since the start of the COVID-19 pandemic in March, according to independent economist Vaqar Ahmed.

He expects to see a further decline in the money coming into Pakistan as European and Gulf countries continue to wrestle with the economic effects of the outbreak.

Most of Pakistan's remittances come from Gulf states, while European Union nations are the main markets for its exports, he explained.

Pakistan's exports dropped from $20.1 billion in July-April 2019 to about $19.6 billion in the same period this year, data from the State Bank of Pakistan shows.

But industry experts expect honey to buck that trend.

In the financial year 2018-2019, Pakistan exported honey worth 966 million rupees ($5.8 million), about 260 million rupees more than the year before, according to the government's Honeybee Research Institute (HBRI) in Islamabad.

Figures for this year's honey exports are not available yet.

But industry insiders predicted they will keep going up, as the country's beekeepers benefit from the trees in Changa Manga along with Pakistan's ongoing push to reforest the country under its "10 Billion Tree Tsunami" project, launched last year.

Pakistan has 7,000 commercial beekeepers looking after more than 1 million beehives but has enough space for double that number, according to data from the HBRI.

And while planting trees expands the habitat for bees, the pollinators, in turn, help to naturally regenerate more forest areas with a variety of trees, plants and flowers, said Noor Islam, the bee institute's senior scientific officer.

"Honey production and forestry are interrelated because the honeybees get their food from trees, while trees, as a result, maintain their biodiversity," he said.

Comment by Akhtar Hussain on August 8, 2022 at 12:08pm

Dear Riaz sb, 

I hope people in Pakistan will understand that Olive oil is not for frying.  It has a low smoke point.  It should be used for pouring on salads and cooking.  Best oils for frying are still, Corn oil, Canola and Peanut oils. 

Heating Olive oil to the smoke point will destroy it and actually turn it into an unhealthy oil.

Thank you for reading.

Akhtar.

Comment by Riaz Haq on August 28, 2022 at 10:31am

Malik Amin Aslam
@aminattock
@HamidMirPAK
reporting from the #FloodsInPakistan and explains how
@ImranKhanPTI
#10BillionTreesTsunami averted a major human disaster - #Trees acted as a #NaturalDefense and sacrificed while saving human lives

https://twitter.com/aminattock/status/1563803992525783041?s=20&...

Comment by Riaz Haq on April 12, 2023 at 10:01am

Pakistan's oilseed industry to bloom under China-Pakistan agriculture cooperation

https://english.news.cn/20230227/190423d59d2a43f7ae2855a1d1472321/c...


To help Pakistan meet its edible oil demand and support its foreign exchange reserves, Chinese company Wuhan Qingfa Hesheng and Pakistani company Evyol group jointly provide high-quality hybrid canola seeds to Pakistani farmers.

GUJRANWALA, Pakistan, Feb. 27 (Xinhua) -- On a sunny February morning, the air in a small village in Pakistan's east Gujranwala district carried the sweet scent of canola flowers, which were dancing gently in the breeze.

Bees whirling on the profuse yellow blossom beaming with lush green pods were not only a view to behold, but also heralded the beginning of a new chapter in the lives of local businesspeople and farmers, who are shifting to a Chinese hybrid variety of canola seeds to reap higher yields and produce cooking oil at home.

"We sowed the new variety on 100 acres of land because of their potential to produce higher yields and more oil as compared to other oilseeds including mustard and rapeseed, which we previously used to cultivate," Intisar Ahmad Chattha, the farm's manager told Xinhua while carefully watching the pods.

Pakistan's annual consumption of cooking oil is around 5 million tons, but due to the low economic potential of oilseeds in the local market, they are not preferred by the farmers. The country has to import about 89 percent of oil to meet the demand, spending 3.6 billion U.S. dollars annually.

----
Ghazanfar Ali, head of marketing in Evyol group told Xinhua it took them 10 years to produce a variety that is compatible with the local climate, produces a good yield and is good for human health.

The crop provides an increased profit for the farmers as its standard 2 kg pack is enough to cultivate 2 acres of land, and the farmer can get 1.5 tons of yield out of it, which is over 10 percent more than the yield from other varieties currently available in Pakistan, he said, when talking about the potential of the crop.

Zhou Xusheng, director of the international business department of Wuhan Qingfa Hesheng Seed company, told Xinhua that his company is working on transferring technology to Pakistan to make it efficient in smart agriculture.

"Through this project, we want to transfer the harvesting technology through which the farmers can use some attachments on the harvesters they already have and reduce the wastage," he said.

His company also wants to introduce processing units across the country, through which even in villages people can install them and produce processed oil for themselves and sell it to others, Zhou added.

He said that the seed is suitable for the environment across Pakistan, and this year they sold 11 tons of seeds across the country, which will be cultivated on 20,000 acres, and their target for next year is 100 tons, which will bring a great change to Pakistan by helping the country become self-sufficient in edible oil production.

The Chinese company will also buy back the canola harvest from some of the farmers and send it to the edible oil factories so that both farmer and the factory owners can realize the potential and health benefits of the oil, Zhou added.

"When Pakistan imports oil, it spends a lot of money and receives only the finished product. But when oil is produced locally, it will generate job opportunities, build an industrial chain and utilize the cakes after oil extraction as power-packed canola meal for cattle," he added.

Talking about the demand for canola meal in Pakistan, Chattha said that they have over 800 cows in the dairy farms in the area and to provide them with good quality food they have to import canola meals, which is a big financial burden due to the devaluation of the local currency.

Comment

You need to be a member of PakAlumni Worldwide: The Global Social Network to add comments!

Join PakAlumni Worldwide: The Global Social Network

Pre-Paid Legal


Twitter Feed

    follow me on Twitter

    Sponsored Links

    South Asia Investor Review
    Investor Information Blog

    Haq's Musings
    Riaz Haq's Current Affairs Blog

    Please Bookmark This Page!




    Blog Posts

    Barrick Gold CEO "Super-Excited" About Reko Diq Copper-Gold Mine Development in Pakistan

    Barrick Gold CEO Mark Bristow says he’s “super excited” about the company’s Reko Diq copper-gold development in Pakistan. Speaking about the Pakistani mining project at a conference in the US State of Colorado, the South Africa-born Bristow said “This is like the early days in Chile, the Escondida discoveries and so on”, according to Mining.com, a leading industry publication. "It has enormous…

    Continue

    Posted by Riaz Haq on November 19, 2024 at 9:00am

    What Can Pakistan Do to Cut Toxic Smog in Lahore?

    Citizens of Lahore have been choking from dangerous levels of toxic smog for weeks now. Schools have been closed and outdoor activities, including travel and transport, severely curtailed to reduce the burden on the healthcare system.  Although toxic levels of smog have been happening at this time of the year for more than a decade, this year appears to be particularly bad with hundreds of people hospitalized to treat breathing problems. Millions of Lahoris have seen their city's air quality…

    Continue

    Posted by Riaz Haq on November 14, 2024 at 10:30am — 2 Comments

    © 2024   Created by Riaz Haq.   Powered by

    Badges  |  Report an Issue  |  Terms of Service