Wheat committee discusses prices
he federal minister asked the representatives of the provinces to apprise about the current stock situation
PHOTO: REUTERS
ISLAMABAD:
The wheat review committee meeting was held Wednesday, which was chaired by Federal Minister for National Food Security and Research Sahibzada Mehboob Sultan. For the year 2018-19, all provinces have accumulated quantity of 24.279 million tons and with the addition of leftover stock of 3.721 million tons, the total availability would be 28 million tons, which is above the national/domestic requirement of 25.84 million tons. The meeting was held to review the procurement of wheat (up till now), price of per 40kg across the country, market situation, loss during the rain, export and future strategy. The federal minister asked the representatives of the provinces to apprise about the current stock situation in their respective provinces and price and quality assessment mechanism of the wheat. PASSCO as per ascribed targets procured almost 100% of its targets and can provide wheat for national and export purposes. He stressed the need to determine the cause of price variation and upward trend of wheat and put forward concrete solution.
Published in The Express Tribune, June 20th, 2019.
The wheat review committee meeting was held Wednesday, which was chaired by Federal Minister for National Food Security and Research Sahibzada Mehboob Sultan. For the year 2018-19, all provinces have accumulated quantity of 24.279 million tons and with the addition of leftover stock of 3.721 million tons, the total availability would be 28 million tons, which is above the national/domestic requirement of 25.84 million tons. The meeting was held to review the procurement of wheat (up till now), price of per 40kg across the country, market situation, loss during the rain, export and future strategy. The federal minister asked the representatives of the provinces to apprise about the current stock situation in their respective provinces and price and quality assessment mechanism of the wheat. PASSCO as per ascribed targets procured almost 100% of its targets and can provide wheat for national and export purposes. He stressed the need to determine the cause of price variation and upward trend of wheat and put forward concrete solution.
Published in The Express Tribune, June 20th, 2019.