INP-WealthPk
Pakistani pine nuts exports to China up $25 million in first quarter
May 17, 2022
BEIJING, May 17 (INP): Pakistani Pine nuts exports to China in the first three months of this year achieved a historical figure of $25.13 million, China Economic Net (CEN) reported on Tuesday quoting General Administration of Customs of China (GACC).
Data showed that in the first three months of 2022, China imported 2,299.21 tons of Pakistani pine nuts and was one of the main destinations of Pakistani pine nuts.
Overall, China has imported 7,780.32 tons of pine nuts around the world valued at $57.05 million, of which 44.04% by value and 29.55% is from Pakistan.
In the first two months of 2022, China imported 1,606.51 tons of Pakistani pine nuts worth $17.67 million, and in March, the imports reached 692.70 tons valued at $7.45 million. Yar Muhammad Niaz, Chief Executive of Hangzhou Aiza Food Co, Ltd., told China Economic Net (CEN) that this year they are expecting a good crop of pine nuts but he is also afraid of environmental changes that could affect the crop.
"Last year the price of pine nuts fluctuated too much. The price of unprocessed pine nuts has gone up to RMB 190 per kg, but the overall price remained between RMB 170-180 per kg. Currently, the price is RMB 130 per kg.
The reason is that after the Chinese Spring Festival, price always comes down. Besides, before the production season starts in September, the suppliers have inventory from the previous year." he stated.
He further said that China is a big market for this product. To fulfill the demand, direct cargo flights are needed on regular basis and airlines should also provide subsidies for lower freight. Ali Raza, a local shopkeeper in Peshawar told CEN that when he buys unprocessed pine nuts, there are many empty shells, which is one of the reasons for the high price. Secondly, when they process them after roasting, the taste changes, and in different areas the tastes vary because of the salt and water used during processing.
"We need the latest technology to process pine nuts that could help maintain the taste and expedite the processing time.
China is the largest importer of Pakistani pine nuts; therefore, we should use Chinese technology that would be cheap and would meet the consumers’ demand." he added.
It is to be noted that experts believe that this year in Pakistan, extreme weather in most parts of the country could affect the pine nuts crop as well.
INP/javed
