Sea buckthorn export to increase

Oyundelger 2016-08-24 05:08

Economy

Sea buckthorn export to increase.

Sea buckthorn export to increase. The Ministry of Food and Agriculture is working to increase sea buckthorn exportation to the foreign markets. This year, Mongolia planted sea buckthorn in 5, 800 hectares of land, and expects to harvest over 2,000 tons of sea buckthorn. There are a total of 37 sea buckthorn processing factories in Mongolia, which have the capacity to process over 5,200 tons of sea buckthorn annually. Past year, Mongolia planted fruits and berries at around 6,000 hectares of land, 92 percent of which were for sea buckthorn. Also 1 million USD worth of sea buckthorn oil, fruit juice and dried leaves were exported to Russia, Japan and Singapore last year. Industry analysts underline that in order to increase sea buckthorn export, Mongolia needs to diversify sea buckthorn products and improve its packaging and labeling. The Fruits and Berries Association of Mongolia reported that it is seeking advice from Japan on sea buckthorn reserves, technology and packaging through the economic partnership agreement established between Mongolia and Japan.  Through the economic partnership agreement, sea buckthorn export customs tax is to be exempted. The customs tax on sea buckthorn in Japan was 14 percent before the agreement.