Following the weeklong strike of Oil Tankers Association (OTA), the prices of ghee have drastically gone up by Rs 10 to Rs 15 per kilogram in the markets, Business Recorder learnt on Tuesday. According to the sources, the move of Pakistan Vanaspati Manufacturers Association (PVMA) to induct National Logistic Cell (NLC) for transporting edible oil from ports to ghee units has compelled the OTA to stop supplying the raw material to the industry from January 10, 2012.
They said the PVMA was of the view that they have all rights to transport their industrial raw material from anyone. However, on the other hand, the OTA claimed to have an agreement with PVMA, according to which, the PVMA is obligated not to use NLC tankers for the transport of its raw material from ports to the units while the OTA in response have relaxed its freights rates to the industry.
They further said this ongoing strike has completely halted the supply of raw material to the ghee industry but nobody has so far paid heed to this burning issue that led to close down of all ghee manufacturing units. The sources said that the industry did not get a single ton of edible oil from Karachi and Port Qasim during last eight days that has surged ghee rates by Rs 10 to Rs 15 per kilogram in the markets.
They also urged the authority concerned to intervene into the matter to facilitate the stakeholders at maximum, as there would be an acute ghee shortage, if the sanity did not prevail in a day or two. Needless to mention, this was the second strike call given by the association during the last 15 days.
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