DUSHANBE, August 15, 2012, Asia-Plus — Tajikistan has expressed interest in posting about 100,000 a lot of wheat, 5,000 a lot of grain, 5,000 a lot of corn and banola oil in addition to fertilizer, that won’t only meet its domestic needs, and can also enhance bilateral trade between Tajikistan and Pakistan, The Express Tribune reports.
This issue was reportedly discussed during a meeting of a high-level delegation of Tajikistan, led by Nourmahmad Ahmadov, Chairman of the Agency for State Material Reserves, with Pakistan’s Senior Commerce Minister Makhdoom Amin Fahim in Islamabad on August 14.
Appreciating the political and diplomatic relations, each side stressed they would still interact to boost trade and economic relations, stated an argument, The Express Tribune said, noting that following unparalleled heavy snowfall in fall and winter this past year, the federal government of Tajikistan have been under stress and making efforts to supply fundamental food goods because of its people.
The Economical Coordination Committee (ECC) from the cabinet has approved export of 30,000 a lot of sugar to Tajikistan from reserves from the Buying and Selling Corporation of Pakistan in a cost $20 per ton less than the worldwide market.
Within the meeting, it had been made the decision the Secretary of State for Commerce would arrange a conference from the Tajik delegation with exporters for talking about quantity and costs of goods and forging business contracts.
Based on people from the Grain Exporters Association of Pakistan (REAP), Pakistan can offer 50,000 to 100,000 a lot of grain according to need for Tajikistan. According to the Express Tribune, the delegation has proven curiosity about buying 5,000 a lot of Irri-6 and Irri-9 grain.
“It’s suggested that grain might be shipped in the Torkham border, where transportation cost is going to be borne by them. A conference from the delegation has been arranged with prominent businessmen to finalize the mode of payment, transportation and costs.
“Each side also decided to hold a technical-level meeting soon to look around the potential of bilateral trade. In connection with this, a conference between prominent people of REAP and also the Tajik delegation occurred at Islamabad office from the Trade Development Authority of Pakistan.”
In the meantime, the UN Food and Agriculture Organization (FAO) reports that the FAO Cereal Price Index averaged 260 points in July, up 17 percent, or 38 points, from June. That was 14 points below its all-time high of 274 points in April 2008. International wheat quotations reportedly surged 19 percent amid worsened production prospects in the Russian Federation and expectations of firm demand for wheat as feed because of tight maize supplies.
