:00:00. > :00:00.aid delivery could start later today. Those are the latest
:00:00. > :00:00.headlines from BBC World News. Now for the latest financial news and
:00:00. > :00:20.World Business Report. Poland looks to pip Russias apple
:00:21. > :00:25.ban but the core issue is where to send all that fruit? As an European
:00:26. > :00:27.ban on Indian mangoes continues, farmers in Pakistan see a gap in the
:00:28. > :00:38.Welcome to World Business Report. In market.
:00:39. > :00:41.Welcome to World Business Report. In a minute we'll have more on that
:00:42. > :00:44.important US central bankers meeting in Wyoming. But first, it's an
:00:45. > :00:47.industry that doesn't get much attention but it's a difficult time
:00:48. > :00:52.right now, for Poland's apple growers. The country is the world's
:00:53. > :00:56.largest producer of the fruit, even beating China. And until Russia's
:00:57. > :01:00.recent ban on EU imports, it was the biggest supplier to the Russian
:01:01. > :01:03.market. And while Moscow's embargo on EU food may be hitting growers
:01:04. > :01:05.everywhere on the continent, it's especially painful for Poland's
:01:06. > :01:08.mainly family farms because last year their apples accounted for 90%
:01:09. > :01:20.of the country's 339 euros million worth of annual sales to Russia `
:01:21. > :01:23.that's about $450 million. And with the autumn harvest about to begin,
:01:24. > :01:27.it has becoming a race against time to decide what can be done with the
:01:28. > :01:30.crop. From the orchards south of the capital Warsaw, our Europe business
:01:31. > :01:41.correspondent Nigel Cassidy sends this report. It promises to be one
:01:42. > :01:45.of Poland's has ever apple harvest but half of all exports from family
:01:46. > :01:51.farms like this is to go across the board into Russia by the truckload.
:01:52. > :01:57.It is a low profit margin with high turnover trade so finding buyers all
:01:58. > :02:03.over Europe will test the farmers cooperative that sell the crop. This
:02:04. > :02:08.variety is a good seller to Russia. It is an agonising time for growers.
:02:09. > :02:13.Harvest is in less than a months time and this group of farmers
:02:14. > :02:20.usually sent 20 trucks a day to Russia, 20,000 apples in each truck.
:02:21. > :02:25.They need to either sell in the market or get Europe compensation
:02:26. > :02:29.fund either way that will not get very good money for their apples.
:02:30. > :02:33.Nothing lasts forever. We have to improve to meet the requirements of
:02:34. > :02:39.the most demanding market then we can say, I do want to say we say
:02:40. > :02:45.goodbye to Russia but we would be much more independent. This is what
:02:46. > :02:53.Apple is not so go for it Poland switches to more demanding markets.
:02:54. > :02:58.Washing, grading, branding and packaging to meet specifications.
:02:59. > :03:03.This largest corporation is fully equipped but it would be happy at if
:03:04. > :03:07.embargoed hit growers were not obliged to take their apples of the
:03:08. > :03:13.market in exchange for emergency aid. We are very happy that the
:03:14. > :03:19.farmers get money from the European Union but it would be better instead
:03:20. > :03:27.of wasting fruit, we sell cheaply to other markets outside the EU so they
:03:28. > :03:33.will be able to taste our apples and maybe, in the future, they will come
:03:34. > :03:37.back and buy it again. For Poland, the longer term answer to dealing
:03:38. > :03:42.with the Russian bands seems to be selling better package, better
:03:43. > :03:49.quality apples they can sell to more customers around the world. From
:03:50. > :03:52.apples to mangos. Earlier this year the European Union banned imports of
:03:53. > :03:57.mangos from India ` after the discovery of insects which
:03:58. > :04:00.authorities said threatened crops. That created a gap in the market
:04:01. > :04:03.which growers around the region have been quick to fill but not without
:04:04. > :04:14.some challenges. Nosheen Abbas reports from the Pakistani capital
:04:15. > :04:17.Islamabad. After Europe's India mango ban kicked in, it was
:04:18. > :04:23.businesses like this that started to suffer. They had agreed to buy the
:04:24. > :04:26.fruit from farmers and suddenly had to find new customers for the
:04:27. > :04:29.mangoes could no longer sent to the EU. Some went elsewhere abroad but
:04:30. > :04:33.most were sold in India. Meaning prices fell. For India's mango
:04:34. > :04:38.farmers, it is worrying, especially if the ban continues. But of course,
:04:39. > :04:41.India is not the only country in this region to grow mangoes. This
:04:42. > :04:48.farm is on the outskirts of Pakistan. Every summer, the fruit
:04:49. > :04:59.grown here is goes to local markets that some kits sold abroad. `` gets
:05:00. > :05:02.sold abroad. Pakistan is the eighth biggest exporter of mangoes in the
:05:03. > :05:05.world and it is always on the lookout for new customers. The
:05:06. > :05:09.European Union ban on Indian mangoes is due to last until the end of 2015
:05:10. > :05:11.but that has not stopped some Pakistan in exporters looking to
:05:12. > :05:14.take advantage of this opportunity, getting ashore on sales now. And
:05:15. > :05:18.perhaps giving new customers something to think about. This man
:05:19. > :05:32.buys mangoes from local farms and exports them. His biggest markets
:05:33. > :05:39.are Asian markets but this year, he got his biggest order from the
:05:40. > :05:44.European Union. TRANSLATION: A company in Ireland placed an order.
:05:45. > :05:47.In one week they wanted 1500 kilograms because of the ban on
:05:48. > :05:50.Indian mangoes. It is something we in Pakistan can definitely take
:05:51. > :05:53.advantage of. Pakistan was ready to sell mangoes to the EU and the
:05:54. > :05:57.Indian badminton total exports are set to increase in 2014. But pests
:05:58. > :06:00.like fruit flies which led to the Indian ruling have caused problems
:06:01. > :06:08.here as well. There is a ban on sales to the US and Japan as a
:06:09. > :06:12.result. There is a bit national pride over mangoes across the
:06:13. > :06:15.region. Whether you are from India, Pakistan or other growers like
:06:16. > :06:26.Bangladesh and Sri Lanka, people will tell you that their mangoes
:06:27. > :06:32.taste best. Later, the head of America's central bank, Janet Yellen
:06:33. > :06:37.is due to give a speech. Investors will be watching closely for clues
:06:38. > :06:41.on the likely timing of an interest rate rise. The latest Fed minutes,
:06:42. > :06:44.released on Wednesday, showed a majority of Fed policymakers believe
:06:45. > :06:47.the US economy is improving enough for the cost of borrowing to rise
:06:48. > :06:57.sooner than previously thought. But when? If she waits too long, the
:06:58. > :07:00.economy may overheat. If she moves too soon, the recovery could lose
:07:01. > :07:03.steam. With me Athan`asios Vam`vakidis, European head of
:07:04. > :07:12.currency strategy at Bank of America Merrill Lynch. What are you
:07:13. > :07:16.expecting? We are expecting her to be cautious. You should be
:07:17. > :07:22.consistent with previous messages and she has to strike a delicate
:07:23. > :07:27.balancing act. The focus will be on the labour markets in the US. They
:07:28. > :07:31.have been improving and unemployment has been declining but there are
:07:32. > :07:37.also some weak this is. Labourforce participation has been falling.
:07:38. > :07:43.Underemployment is quite high. Part`time employment is quite high.
:07:44. > :07:51.Her message would be although the recovery is gaining steam we are not
:07:52. > :07:57.there just yet. If you raise rate soon, if you do not raise them soon
:07:58. > :08:01.enough it can spiral out of control. That balancing act now linked to the
:08:02. > :08:06.labour market, making sure the job picture is improving but it is not
:08:07. > :08:09.quite there yet? Absolutely. Definitely, we believe the
:08:10. > :08:16.normalisation of the monitoring policy is a key market in. It is a
:08:17. > :08:20.key market theme. Even at next year. They have to make sure they prepare
:08:21. > :08:23.the market so they do not do it too fast which would threaten the
:08:24. > :08:30.recovery. What would allow them to do that is they are not concerned
:08:31. > :08:32.about inflation. Although the labour market has been improving faster
:08:33. > :08:39.than expected, inflation is under control pulls top however, if they
:08:40. > :08:43.moved too slowly, price pressure may appear. They have to be cautious and
:08:44. > :08:52.take into account all different indicators in order not to threaten
:08:53. > :08:59.the recovery but to have the monetary authorities. It is a
:09:00. > :09:07.different picture in the euro. We will also hear from Mario Draghi
:09:08. > :09:12.later? We expected the Bank of England to be one of the first to
:09:13. > :09:17.move towards hiking rates next year. In both cases the labour market have
:09:18. > :09:23.been improving. We have some concerns about prices. We believe
:09:24. > :09:29.the Bank of England would move most likely in February but not to
:09:30. > :09:36.earlier than the Feds. We will also have monetary policies because it is
:09:37. > :09:43.moving in a positive direction. Plenty for us to listen out too.
:09:44. > :09:52.Thank you very much. If we have time to show you the market numbers: the
:09:53. > :10:00.European markets. European stocks were higher yesterday through a
:10:01. > :10:14.result of the better than expected figures. Much more from us later.
:10:15. > :10:17.Experts are warning of a growing health problem due to difficulties
:10:18. > :10:18.people have in affording good quality food.