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Mangoes exporters fear 20% decline in production due to climate change

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2 years ago

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  • Export of mangoes is scheduled to commence on May 20. 
  • Prolonged winter, delayed summer has decreased mango production.
  • This season’s mangoes export target is set at 125,000 metric tonnes.

KARACHI: Owing to the adverse affects of climate change, fruit and vegetable exporters anticipate a 20% decline in this year’s mango crop, The News reported Friday. 

While the agrarian economy has an annual capacity of approximately 1.8 million metric tonnes, it is feared that the production for the current season will be limited to 1.44 million metric tonnes due to the impact of climate change.

All Pakistan Fruit and Vegetable Exporters Association (PFVA) Patron-in-Chief Waheed Ahmed said an extended winter and delayed arrival of summer had contributed to a decline in mango production, as well as a diminished ability to combat diseases in mango orchards.

“Mango crop in Pakistan is facing the adverse effect of climate change during the current mango season, leading to a likely drop of 20% in production,” Ahmed said.

Ahmed warned that due to a prolonged winter and delayed summer season, mango production was decreasing, adding that the production of the fruit was directly affected by changing weather patterns. 

He urged research institutes and provincial agriculture departments to provide resources and awareness to mango farmers to help them avert the negative impact of climate change.

This year’s export target for mangoes has been set at 125,000 metric tonnes. Achieving the target would earn Pakistan approximately $100 million in foreign exchange. 

The export of mangoes is scheduled to commence on May 20. 

Major buyers of Pakistani mangoes include Gulf countries, Iran, Central Asian countries, and the United Kingdom.

Additional important markets encompass Europe, Canada, the United States, and Japan. The reduction in mango production, coupled with quality issues arising from climatic effects, has resulted in increased costs for exports.

“Factors such as higher freight expenses, packaging and transport costs, as well as the ongoing deteriorating law and order situation, political instability, and disruptions in delivery, are posing significant challenges to mango exports,” cautioned Ahmed. 

Within Pakistan, Punjab accounts for 70% of mango production, while Sindh contributes 29%, and Khyber Pakhtunkhwa holds 1% share.

Regarding export methods, Ahmed revealed that 50% of Pakistani mangoes are exported by sea, 35% by land, and 15% by air.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Discos report losses of Rs239 billion.

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When compared to the same period last year, the data indicates that discos have decreased their losses in the first quarter of the current fiscal year.

The distribution businesses recorded losses of Rs239 billion in the first three months of the current fiscal year, a substantial decrease from the Rs308 billion losses sustained during the same period the previous year.

Additionally, the distribution businesses’ rate of recovery has improved. It has increased to 91% in the first quarter of this year from 84% in the same period last year, indicating success in revenue collection.

Regarding circular debt, the Power division observed a notable change. Last year, between July and October, the circular debt grew by Rs301 billion. Nonetheless, this year’s first four months saw a relatively modest increase in circular debt, totaling about Rs11 billion.

These enhancements show promising developments in the electricity sector’s financial health in Pakistan, where initiatives are being made to accelerate recovery rates and slow the expansion of circular debt.

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