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Belarus suggests development of mineral deposits to Pakistan
10 August 2015
13:36 |
Belarus suggests development of
mineral deposits to Pakistan
According to the source, Pakistan is busy developing major infrastructure projects, which include the development of mineral deposits. Belarus can offer the relevant experience and technologies. Apart from that, Pakistan now has a shortage of electricity. The country has to develop power grids. Cooperation with Belarus may come in handy as well, said Vladimir Ulakhovich.
Belarus intends to supply more machine-building equipment to Pakistan. “Concrete agreements have been reached with regard to a number of Belarusian enterprises. The possibility of increasing mutual trade in food is also being discussed. The relevant logistics is not simple. Negotiations on exporting more Belarusian milk powder and baby food are underway. In turn, Pakistan is ready to export fruits and vegetables to Belarus. We expect that the creation of platforms for interaction between the business circles and further development of the legal base will produce results,” said the Deputy Chairman of the Belarusian Chamber of Commerce and Industry.
During the session of the business council on 10 August the Pakistani side was represented by companies specializing in petrochemical industry, export and import operations, machine building, manufacturing of food products and other areas. Vladimir Ulakhovich underlined that Pakistan is an important market for Belarus in the Asian region. “Pakistan is the world's sixth largest country in terms of population numbers. The importance of stepping up contacts with Pakistan should be evaluated bearing in mind the need to diversify export,” he stressed.
Vladimir Ulakhovich reminded that on 11 August the program of business events will be continued with a Belarusian-Pakistani business forum and bilateral negotiations between representatives of business circles. Prime Minister of Pakistan Nawaz Sharif is expected to take part in the opening of the business forum. Pakistani companies are interested in establishing business ties with Belarusian companies in the sphere of chemical and textile industries (sales of cotton, fabrics, and materials), machine building (acquisition of industrial machines, mining and agricultural vehicles, spare parts for Belarusian vehicles). Potential partners are also interested in the processing and sales of raw materials for the civil engineering industry and the export of agricultural products (vegetables, fruits, leguminous and cereal crops, rice, sunflower oil).
For the last eight years Belarus-Pakistan trade has been varying from $50 million to $120 million per annum. Belarus' main exports are tractors (Pakistan is one of the main non-CIS markets), potash fertilizers, synthetic yarn, tires, braid made of synthetic yarn. The main imports are rice, styrene polymers, fruits, food, leather goods, fabrics, textile products.
In 2014 Belarus-Pakistan trade totaled $58.2 million. Belarus' merchandise export to Pakistan amounted to $42.6 million (100.3% as against 2013), with import at $15.6 million (98.5%). In 2014 Belarus exported considerably more potash fertilizers (twice as much), parts and accessories for automobiles and tractors (30%), synthetic yarn braid (20%). Export of tractors slightly dropped (78 units down).
In January-May 2015 Belarus' merchandise export to Pakistan amounted to $19.3 million (117.8% as against January-May 2014).
http://eng.belta.by/all_news/economics/Belarus-suggests-development-of-mineral-deposits-to-Pakistan_i_83648.html
Govt
allows export of rice bran oil in bulk
Mumbai, August 9:
The Government has allowed export of rice bran oil in bulk and other edible
oil in branded consumer packs of up to five kg with a minimum export price of
$900 (₹57,363) a tonne. Trade expects rice bran oil exports to jump sharply to
10,000 tonnes this fiscal against 2,000 tonnes achieved last year.
Untapped markets
India produces about 10 lakh tonnes of rice bran oil annually and is largely consumed in the domestic market. Bran, the brown layer on rice grain, has 10-25 per cent oil content. Though the rice bran oil is considered cheap and healthier, it has not gained popularity among Indian consumers as it does not have any particular taste unlike groundnut, soybean or sunflower oils.
India produces about 10 lakh tonnes of rice bran oil annually and is largely consumed in the domestic market. Bran, the brown layer on rice grain, has 10-25 per cent oil content. Though the rice bran oil is considered cheap and healthier, it has not gained popularity among Indian consumers as it does not have any particular taste unlike groundnut, soybean or sunflower oils.
India, one of the largest consumers of edible oil, imports about 10 million
tonne (mt) of edible oil per annum. It meets about 60 per cent of its vegetable
oil demand of 17-18 mt through imports.
Speaking on the sidelines of Global Rice Bran Conference organised by the
Solvent Extractors’ Association, Dr V Prakash, Scientist with Council of
Scientific and Industrial Research said, “The decision to allow rice bran oil
export in bulk without any limit may push up prices in the domestic market as
producers would find it easier to sell it abroad than packaging and labelling
for the domestic market.”
However, he added,
given the poor demand and low awareness of the benefits of rice bran oil, bulk
exports will not have much impact for consumers.
Though India is the
second largest producer of rice after China, the nation has not fully explored
the potential of producing rice bran, which can be also be used in the pharma
sector.
Competition brewing
China is slowly getting used to rice bran oil and it’s a matter of time before it becomes the leading supplier of this oil.
China is slowly getting used to rice bran oil and it’s a matter of time before it becomes the leading supplier of this oil.
Remedial measures
“India should consider importing raw rice bran from Thailand and do the value addition here to produce the oil,” said Prakash. BV Mehta, Executive Director, Solvent Extractors’ Association said there is good demand for Indian rice bran oil in countries such as Japan and Thailand.
“India should consider importing raw rice bran from Thailand and do the value addition here to produce the oil,” said Prakash. BV Mehta, Executive Director, Solvent Extractors’ Association said there is good demand for Indian rice bran oil in countries such as Japan and Thailand.
Since rice bran oil
has no particular taste, it can be easily blended with any oil and may be
imported back into India as a value added product or olive oil. Incidentally, the
demand for rice bran oil in India is more in non-paddy growing northern and
western regions than in the eastern and southern parts.
(This article was
published on August 9, 2015)
http://www.thehindubusinessline.com/economy/govt-allows-export-of-rice-bran-oil-in-bulk/article7519082.ece
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