Pakistan exported 95,991 tonnes (worth $333 million) of meat and meat preparations in FY21 that is an all-time high figure.
Managing Director of PK Livestock, Tariq Mehmood Butt has said that the devaluation of the Pakistani rupee against the dollar has become favorable for the local exporters. However, high domestic meat prices have cancelled the positive effects of this devaluation.
He said that the cattle mandi and quarantine fees were taken by the government which pushed the cost of exportable items and decreased the competitiveness in the global market.
Middle East market absorbs 98 percent of the meat and meat preparation by air. The share of beef is 95 percent of the total meat, exported.
In the outgoing fiscal year, Pakistan exported 95,991 tons of meat and meat preparation, worth $333 million as compared to 83,749 tons, the value of which comes to $304 million during the financial year 2019-20.
The average per ton price (ATP) was $3,473 as compared to $3,631 during the last fiscal year. However, during the first two months of the current fiscal year, the ATP price increased to $4,234 from $3,444 during the same two months, last year.
Despite the decrease in the quantity to 11,702 tons, worth $49 million from 14,974 tons, worth $51.5 million during the same period, last year.
According to the data of the Pakistan Bureau of Statistics, the export of meat came down to 5,889 tons, worth $25 million in the outgoing fiscal year from 8,176 tons, worth $28 million during the same period, in fiscal 2019-20.
The APT price was $4,182 in July 2021 as compared to $3,465 during the same month, last year. During the month of August 2021, the export was at 6,047 tons worth $25 million as compared to 6,798 tons, worth $23 million during the same month in the fiscal year 2019-20. The average per ton price increased to $4,213 from $3,418 during the same month, being discussed.