Pakistan to oppose Indian application for GI tag of basmati in EU

 Pakistan to oppose Indian application for GI tag of basmati in EU

 ISLAMABAD: Taking serious notice of the Indian move of demanding exclusive rights of claiming Geographical Indication (GI) tag to Basmati rice in the European Union (EU), Pakistan has decided to oppose the application soon. During a meeting of the Senate Standing Committee on Commerce, Intellectual Property Organisation (IPO) Chairman Mujeeb Ahmed Khan informed that Pakistan is preparing its objection to the said Indian Application and will be submitted within the stipulated time frame. The meeting was attended by Senators Mir Kabeer Ahmad Muhammad Shahi, Zeeshan Khanzada, Nuzhat Sadiq, Dilawar Khan, Rana Mehmood ul Hassan, Advisor to Prime Minister for Commerce, Secretary Commerce and other senior officials of relevant departments. He said India has applied for GI tag in European Union for BASMATI rice under Article 50(2)(a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs, mentioned in the EU official journal dated September 11, 2020.  According to Mujeeb Ahmed, the Indian application mentions Basmati rice as an Indian origin product, despite the fact that similar rice is widely produced in Pakistan. The application is based on half-truth and frivolous grounds having no legal and factual backing. Pakistan exports 500,000 to 700,000 tons of basmati rice to various countries. Out of that, 200,000 to 250,000 tones are shipped to European countries. The European Union is a massive destination for local rice exporters and therefore it is a crucial issue for Pakistan. EU regulation No 972/2006 of June 29, 2006, lays down special rules for imports of Basmati rice and a transitional control system for determining their origin has recognized Basmati as a joint product of Pakistan and India. Basmati is already recognized as a product of both India and Pakistan under the said European Regulation and its Duty-Free Regime, making it illegal for India to claim exclusive rights of Basmati in the EU. According to EU’s official journal, any country can oppose the application for registration of a name pursuant to Article 10 and Article 50(2) (a) of Regulation (EU) No 1151/2012 of the European Parliament and of the Council on quality schemes for agricultural products and foodstuffs within three months from the date of publication. On Tuesday, the Ministry of Commerce, according to officials, has also held a meeting on the same subject to discuss the filling of objections in the EU besides taking other steps regarding protecting Pakistani products as per the GI law made by the government this year. Meanwhile, Committee Chairman Senator Mirza Muhammad Afridi also directed the officials of the ministry and IPO to immediately respond to the Indian application as the move may damage Pakistani exports. Discussing another agenda of the meeting regarding smuggling, he said that the illegal trade has reduced substantially due to effective measures for its eradication which has supported the local industry and would be instrumental for promoting economic activities and businesses in the country.  He expressed these views while presiding over the SSC on Commerce & Trade here at Parliament House on Tuesday. Afridi appreciated the measures taken in this regard and said that the sick units need to be facilitated to ensure their revival. The committee was apprised about the problems faced by the farmers due to inadequate prices of tomato and onion despite good production during the current season. 

 

The committee was also briefed about the steps being taken for exploring new markets for dates, tax evasion on computers, laptops and other IT equipment, as well as the issues of under-invoicing. The chairman and members of the committee said that the basic purpose is to protect the local industry and its production for the overall progress of the country.  Senator Mir Kabeer Ahmad Muhammad Shahi said that due to the import of the fruits and vegetable from neighbouring countries, the local farmers from Balochistan do not get adequate prices of apple, grapes, onion and tomatoes. He said that the ministry of commerce and trade should take measures for the protection of local farmers and the utilization of local production before importing such items. The Ministry of Commerce secretary assured the committee that the issues would be resolved in collaboration with the ministry of food security and the committee would be apprised accordingly.  Senator Dilawar Hussain, while talking about Afghan Transit Trade, said that due to the deficiency of trackers, there is huge pressure on transit points. He asserted that an appropriate solution to this should be sorted out.  Afridi said that trade is a backbone of the national economy and an appropriate strategy should be followed to promote business activities in the country. Advisor to the Prime Minister on Commerce Abdul Razzak Dawod apprised the committee that State Bank of Pakistan has been approached for provision of an easy loan through small and medium industries and consultation process for the IT sector is in progress, which will bear positive results.   Secretary Commerce informed the Committee that E-Commerce policy has been introduced and the committee in its next meeting will be informed about a framework in this regard.  Chairman of the committee appreciated these measures, however, he emphasized that sick units need to be supported so as to cater to the local requirements and as well as the export orientation from such units.   Senator Dilawar Khan informed the committee that the Trade and Development Authority (TDAP) could not hold even a single meeting so far.  He further informed that he had sought different details from TDAP which have not been provided yet.  Senator Mirza Afridi said that TDAP is an important organisation, its board should hold regular meetings to proceed on different issues and the people of Pakistan should have access to information.   He further said that question has been raised about Trade and Commercial Attaché posted in different countries.  He said that Pakistan produces high-quality tobacco. Trade and commercial attaché should improve their efficiency and awareness must be created about Pakistan products in foreign countries.  The committee insisted on the provision of facilities and capacity building of the tobacco farmers in Mardan, Charsadda and Swabi districts. The committee was further informed that a project in collaboration with Swabi University has moved ahead.  Senator Dilawar Khan emphasised that all the stakeholders must be taken into confidence as quality tobacco of the country is produced in these areas and national exchequer gets taxes of worth billions of rupees.  About the export of the dates, the committee was informed that 70pc of dry dates were exported to India and due to suspension of trade with India, farmers have to face huge losses. However, efforts are being made to explore alternative markets for export of the dates and different countries have been contacted in this regard.  The chairman of the committee emphasized that these efforts must be expedited to avoid losses to the farmers. Senator Rana Mehmood ul Hassan suggested that a policy for installation of small sugar mills should be introduced to promote compatibility in the market.  Secretary Commerce informed the committee that such a proposal is already under consideration in different ministries.  The committee was also apprised about clearance of containers at Port Qasim as well as money laundering issues in the country. 

Author Name: https://profit.pakistantoday.com.pk/2020/09/22/pakistan-to-oppose-indian-application-for-gi-tag-of-basmati-in-eu/

Rice exports decline 31pc in two months

 Rice exports decline 31pc in two months

LAHORE: Pakistan's rice exports showed an overall 31 percent decline in the first two months (July & August 2020) of the current fiscal year as compared to corresponding period year due to least interest of buyers. During August 2020, Basmati export from Pakistan came down by 46% from 66,961 tons in August 2019 to 35,917 tons in August 2020. Non-Basmati export came down by 35% from 192,167 tons in August 2019 to 131,876 tons in August 2020. In two months of July/August 2020, a massive decrease of 31% has been recorded (433,357 tons from 624,266 tons), said Hamid Malik, an agriculture expert with in-depth knowledge of rice value chain while talking to Business Recorder here on Monday. He said for rice exports it is a worrisome start in this financial year. For Non-Basmati less export from Pakistan is due to short of exportable rice in July/August this year and higher prices as compared to India, he observed. "We expect a much better export of Non-Basmati in September 2020 onwards due to the arrival of new hybrid rice on the start of September. Pakistan got more competitive than India in September 2020 and logistics problems of slow loading and COVID-19 at main Indian port of Kakinada. The slow pace of Pakistan Basmati export trend will continue through September-October this year due to higher prices at the mill-gate level in Pakistan as compared to India," he concluded. Rice Exporters Association of Pakistan (REAP) Chairman, Shahjahan Malik while commenting on this situation termed it a post-COVID-19 lull, he claimed there was panic buying during the COVID-19 by the buyers due to food security apprehensions. However, he hoped that the situation would improve in the next few months and Pakistan at the end of the current financial year will again be making the export of around US$2.5 billion. Lahore Chamber of Commerce & Industry (LCCI) Senior Vice President, Ali Hussam Asghar while talking to this scribe said that his own business of rice export had seen no activity during this period. Again, he said, it is because the buyers over-estimated the consumption during the lockdown period around the world as they have sufficient stocks, they may go for buying again in the next few months. Copyright Business Recorder, 2020

 

Author Name: https://www.brecorder.com/news/40020255/rice-exports-decline-31pc-in-two-months

Date: 22-Sep-2020

 

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Basmati Rice Market Research Report And Predictive Business Strategy By 2026 | DataIntelo

Alex September 22, 2020

A new research study has been presented by Dataintelo.com offering a comprehensive analysis on the Global Basmati Rice Market where user can benefit from the complete market research report with all the required useful information about this market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report discusses all major market aspects with expert opinion on current market status along with historic data. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.

The Basmati Rice Market report provides a detailed analysis of the global market size, regional and country-level market size, segment growth, market share, competitive landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunity analysis, strategic market growth analysis, product launches, and technological innovations.

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Major Players Covered in this Report are:
KRBL Limited
Amira Nature Foods
LT Foods
Best Foods
Kohinoor Rice
Aeroplane Rice
Tilda Basmati Rice
Matco Foods
Amar Singh Chawal Wala
Hanuman Rice Mills
Adani Wilmar
HAS Rice Pakistan
Galaxy Rice Mill
Dunar Foods
Sungold

Global Basmati Rice Market Segmentation
This market has been divided into Types, Applications, and Regions. The growth of each segment provides an accurate calculation and forecast of sales by Types and Applications, in terms of volume and value for the period between 2020 and 2026. This analysis can help you expand your business by targeting qualified niche markets. Market share data is available on the global and regional level. Regions covered in the report are North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Research analysts understand the competitive strengths and provide competitive analysis for each competitor separately.

By Types:
Indian Basmati Rice
Pakistani Basmati Rice
Kenya Basmati Rice
Other

By Applications:
Direct Edible
Deep Processing

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Global Basmati Rice Market Regions and Countries Level Analysis
Regional analysis is a highly comprehensive part of this report. This segmentation sheds light on the sales of the Basmati Rice on regional- and country-level. This data provides a detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

The report offers an in-depth assessment of the growth and other aspects of the market in key countries including the US, Canada, Mexico, Germany, France, the UK, Russia, Italy, China, Japan, South Korea, India, Australia, Brazil, and Saudi Arabia. The competitive landscape chapter of the global market report provides key information about market players such as company overview, total revenue (financials), market potential, global presence, Basmati Rice sales and revenue generated, market share, prices, production sites and facilities, products offered, and strategies adopted. This study provides Basmati Rice sales, revenue, and market share for each player covered in this report for a period between 2016 and 2020.

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• Our report helps readers decipher the current and future constraints in the Basmati Rice Market, and help them formulate optimum business strategies to maximize growth in the market.

Table of Contents
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Market Overview
5. Global Market Analysis and Forecast, by Types
6. Global Market Analysis and Forecast, by Applications
7. Global Market Analysis and Forecast, by Regions
8. North America Market Analysis and Forecast
9. Latin America Market Analysis and Forecast
10. Europe Market Analysis and Forecast
11. Asia Pacific Market Analysis and Forecast
12. Middle East & Africa Market Analysis and Forecast
13. Competition Landscape

About DataIntelo:
DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports.http://crypto-daily.news/uncategorized/10297/basmati-rice-market-research-report-and-predictive-business-strategy-by-2026-dataintelo/

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More press releases» Press Release Basmati Rice Market Growth Opportunities, Statistics, Covid-19 Impact Analysis, Industry Scenario, Revenue Till 2022 The worldwide market for basmati rice is anticipated to present an opportunity worth US$10.51 bn by 2017. The market is further expected to rise to US$17.74 bn by 2022 This press release was orginally distributed by SBWire Albany, NY -- (SBWIRE) -- 09/21/2020 -- The worldwide basmati rice market stood at a valuation of US$10.51 bn in 2017. Proliferating at a robust CAGR of 11.0% between 2017 and 2022, the market is anticipated to be worth US$17.74 bn by the end of 2022. By type, the demand for raw basmati surpasses than that for parboiled and steam, mainly because of superior taste and aromatic property of the former. Among the various sales channel, traditional grocery stores remain the key sales channel, with convenience stores following closely. Among the key regional markets for basmati rice, Asia Pacific excluding Japan acquires the leading position in the overall market thanks to high production of rice in the region. The global basmati rice market is a choc-o-bloc with companies both large and small that features a fragmented vendor landscape, as per a report by Transparency Market Research (TMR). Leading players such as McCormick & Co., Hain Celestial, Rice 'n Spice, REI Agro, LT Foods, East End Foods, and Amira Nature Foods serve local as well as global consumers, which is reflected in the growth of basmati rice market. Penetration into regional markets as rice is the staple food of more than half of the world's population is likely to provide ample growth opportunities for leading players in the market. These players are penetrating regional markets through strategic partnerships, which is likely to make the market somewhat consolidated albeit more competitive, states the report. Request for Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=31745 basmati rice market Increasing Spending on Superior Grains across Consumer Groups Benefits Market "Among the various types of rice, basmati rice enjoys a premium position thanks to its superior taste and aromatic quality," says a TMR analyst. Almost 90% of production and consumption of basmati rice is centered in Asia, mainly because of its origin from the Indian subcontinent. The growth of the basmati rice market in Asia is powered by high production and export of this type of rice from India and Pakistan. As per records of the Agricultural and Processed Food Products Export Development Authority, India accounted for 59% exports to the overseas basmati rice in 2014, with the remainder exported from Pakistan. The emergence of local varieties of basmati rice is also aiding the growth of basmati rice market. Several countries are increasingly producing domestic variety of basmati rice at relatively low prices. This is to prevent complete dependence on import which is subject to climatic and trade uncertainties as well as to promote consumption of local varieties. Across several parts of the world, rising disposable income has benefitted the basmati rice market. Consumers are increasingly spending liberally on premium quality grains, lentils, and spices for a fulfilling eating experience. Basmati rice is increasingly becoming the choice across consumer groups mainly because of its superior taste and aroma that is highly pleasing to the senses. Explore Transparency Market Research'S Award-Winning Coverage of the Global Industry @ https://www.prnewswire.com/news-releases/mining-chemicals-market-estimated-to-a-valuation-of-us-36-billion-by-2027-increasing-application-segments-is-key-factor-for-driving-global-market-notes-tmr-301017054.html Rising Awareness of Health Ill-effects of Prolonged Consumption of Polished Rice Crimps Growth On the flip side, high price of basmati rice over other rice variants is a key challenge to the market's growth. Basmati rice remains a premium grain not affordable by the average consumer. In addition, increasing awareness about health ill-effects of consuming polished rice on an everyday basis is leading consumers to switch to unpolished rice varieties. This is challenging the growth of basmati rice market to some extent. Key Takeaways Superior taste and aroma pleasing to the senses stokes demand across consumer groups High price not affordable by the average consumer challenges growth Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=31745 For more information on this press release visit: http://www.sbwire.com/press-releases/basmati-rice-market/basmati-rice-market-size/release-1304846.htm Media Relations Contact Rohit Bhisey AVP Marketing Transparency Market Research Telephone: 1-518-618-1030 Email: Click to Email Rohit Bhisey Web: https://www.transparencymarketresearch.com/

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