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Pakistani meat processor grabs $2.2mn export orders from Middle East

bySuneela Zulfiqar
May 13, 2022
in Business
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Pakistani meat processor grabs $2.2mn export orders from Middle East
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The Organic Meat Company Ltd. (TOMCL), a Pakistani meat processing company, said in a notice to the Pakistan Stock Exchange (PSX) on Friday that it had been given contracts worth $2.2 million for the sale of its products to the Middle East.

It said that it has become “the first firm to acquire a contract to provide ‘Fresh-Chilled Bone-in Beef’ to Jordan” in a $1.6 million deal that would be completed over the next 12 months.

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It has also been awarded a contract for around $0.6 million to sell ‘Commercially-Branded Frozen Bone-in Beef’ to Kuwait, with delivery expected in December 2022.

“These contracts will have a positive impact on our business and provide good value to our shareholders,” it stated.

Jordan’s Ministry of Agriculture approved three slaughterhouses in Pakistan – Tata Best Foods, TOMCL, and Tazij Meats – for the shipment of bovine, sheep, goat, and camel meat to Jordan in December.

TOMCL was given a $1 million contract to deliver frozen meat to Saudi Arabia in September. At the time, the firm announced it had a deal with the Global Developing Food Industries Company in Saudi Arabia to deliver frozen boneless degraded meat.

“The group is considered to be one of the growing food manufacturing and distributing companies in the region,” TOMCL had said in a statement last year.

In April, TOMCL was also approved by the Chinese customs authorities to export heat-treated beef to China.

Meanwhile, Tata Best Foods exported the country’s “first-ever meat consignment to Jordan” in November 2021. At the time, the then Advisor to Prime Minister for Commerce and Investment Abdul Razak Dawood said that the promotion and facilitation of non-traditional products to new markets constitutes the Ministry of Commerce’s diversification policy.

Egypt’s veterinary quarantine service has also cleared ten Pakistani meat processing companies to export meat to the nation.

Tags: latestPakistan Stock ExchangeThe Organic Meat Company Ltd.
Suneela Zulfiqar

Suneela Zulfiqar

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