Some 6.000 containers of grain grains are stuck in Pakistani ports due to a shortage of dollars, and shipping companies have been fined $48 million by importers for delaying delivery of those containers. The agency reports online, citing the minute mirror.
If the frozen Grains If not put on the market, there will be a new supply crisis in Ramadan and there will be an increase in grain prices.
Abdul Rauf Ibrahim, chairman of the Karachi Wholesale Association, said at a press conference that the grain is likely to spoil due to the containers staying in the port longer and the amount of damages will increase.
He also stated that the total cost of legumes imported to Pakistan is US$1,5 billion and suggested that the government, in the national interest, ban all types of imports, including Legumes, to disallow. He suggested allowing parties coming into the country into Pakistan and then suspending legume import permits.
Haris Agar, vice president of the Karachi Chamber of Commerce, said ships carrying ghee oil and vegetable oil were also stuck in ports due to a lack of currency. He said if the state bank of Pakistan does not prioritize beans and goods stuck in ports are not imported into the country, there would be a crisis in the beans and oil market in Sinda.
Source: Zerno online (Russian)