Ukraine traditionally exports more than 90 per cent of its rapeseed harvest mostly to European countries. -AFP File Photo

KIEV: Pakistan's government has cancelled a deal to buy 40,000 tonnes of Ukrainian rapeseed because its Ukrainian partner had failed to deliver the shipment in time, Kiev-based ProAgro consultancy said on Tuesday.

“The Ukrainian side explains the failure to deliver (the shipment) as being due to  snow, which made it impossible (to move rapeseed to a sea port),” ProAgro said in a report.

The consultancy said Ukrainian rapeseed was supposed to be delivered to Pakistan in January 2013 at $637 per tonne C&F.

Earlier this month, analyst UkrAgroConsult increased its forecast for rapeseed exports from Ukraine by about five per cent in the 2012/13 season to 1.235 million tonnes due to lower domestic processing.

Poor weather during the autumn sowing in 2011 and severe frost reduced the 2012 rapeseed harvest by about 15 per cent to 1.203 million tonnes.

Ukraine traditionally exports more than 90 per cent of its rapeseed harvest mostly to European countries.

The consultancy said Ukraine had exported 895,000 tonnes of rapeseed so far this season.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Dangerous law
17 May, 2024

Dangerous law

OUR political leaders never seem to learn from their mistakes. The Punjab Assembly is due to vote on a new ...
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...
Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...