MARKET ANALYSIS

RECORD MEAT EXPORTS AT 95,991 TONNES IN FY21

Pakistan exported 95,991 tonnes (worth $333 million) meat and meat preparations in FY21 an all-time high figures against 83,749 tonnes ($304m) a year ago. However, the average per tonne price (APT) remained low at $3,473 as compared to $3,631 in FY20.The new fiscal started with a twist as the APT price soared to $4,234 in July-August 2021-22 from $3,444 in the same period in the last fiscal year despite drop in quantity to 11,702 tonnes ($49m) from 14,974 tonnes ($51.5m) in the same period FY21, down by 22pc in quantity and 4pc in value. Exports have been facing a downward trend from July 2021. As per figures of Pakistan Bureau of Statistics (PBS), in July 2021, exports plunged to 5,889 tonnes ($25m) from 8,176 tonnes ($28m) in July 2020. The APT price stood at $4,182 in July 2021 versus $3,465 in July 2020.In August 2021, exports stood at 6,047 tonnes ($25m) as compared to 6,798 ($23m) in the same month in 2020. The APT went up to $4,213 from $3,418 in the above period. In the last 10 years, exports hovered in the range of 56,000-85,000 tonnes. Pakistan exports 98pc of meat and meat preparations to the ME markets by air. The share of beef is 95pc of total exports; Director of PK Livestock Tariq Mehmood Butt said that Tanzania, Kenya, Ethiopia and Sudan are giving a tough time to Pakistani exporters.