National Spice Summit 2023
\n Karachi
\nNational Foods Limited, a leader in the food industry, hosted the National Spice Summit 2023 on December in Karachi. This successful event brought together key stakeholders and players in the red chili value chain for a day of insightful round table discussions.
\nIn response to the dynamic shifts in the regulatory landscape of export markets and the challenges posed by inconsistent and stringent Maximum Residue Limits (MRLs), a compelling call for collective action has emerged to enhance the quality of red chilies fit for export.
\nThe primary objective of the summit was to foster collaboration and engagement among industry experts to understand challenges and share innovative ideas for the development of the red chili ecosystem.
\nDrawing inspiration from the success of the \u201cSeed to Table\u201d project, which aimed to fortify the tomato value chain, National Foods Limited is now at the forefront of leading initiatives to strengthen and develop the red chili value chain.
\nNational Foods Limited has outlined plans to cultivate red chili to meet its internal requirements initially.
\nThe company aims to scale up the project over the next few years, with the goal of making substantial contributions to the export market.
\n\u201cThe National Spice Summit 2023 reflects our commitment to taking a multi-stakeholder approach to strengthen localization, and enhancing the quality of red chili in Pakistan which will unlock access to export markets. As we embark on this journey, we will prioritize the wellbeing of our farmers, beneficiaries, and key stakeholders,\u201d stated Abrar Hasan, CEO of National Foods Limited.
\nThe summit witnessed the active participation of esteemed stakeholders, including Ministry of Commerce, USDA (Winrock International), Corteva Agrisciences, Engro Corp, HBL, and LTEC International Agriculture Development Company. Their diverse expertise enriched the discussions, providing a comprehensive view of the challenges and opportunities within the red chili value chain.
\nThe participants were of the view that addressing this gap is crucial for Pakistan to fully capitalize on the potential of red chili exports. \u201cBy focusing on enhancing the quality of locally grown red chilies, Pakistan can seize the opportunity to become a significant player in the global red chili market of approx. USD 1.4 billion,\u201d they added.
\nCurrently, the country produces approximately 144,000 tons of red chilies annually, with this figure steadily increasing each year. Only around 10% of this locally grown red chili quantity is exported while the rest is consumed domestically.
\nFurthermore, there is a need to import around 20,000 tons of red chili per year to meet specific industry requirements, by developing this ecosystem not only can we omit our reliance on these imports but produce red chilies suitable for the export market.<\/p>\n","protected":false},"excerpt":{"rendered":"
National Spice Summit 2023 Karachi National Foods Limited, a leader in the food industry, hosted the National Spice Summit 2023 on December in Karachi. This successful event brought together key stakeholders and players in the red chili value chain for a day of insightful round table discussions. In response to the dynamic shifts in the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-375776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n