Wheat Stocks Of Over 4.336 Mln Tons Available To Cater Domestic Consumptions
Umer Jamshaid Published January 10, 2022 | 03:20 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 10th Jan, 2022 ) :Abundant wheat stocks of 4.336 million tons are available to cater domestic requirement, besides maintaining smooth demand, supply in local markets and ensure provision of flour and other by-products on sustainable rates across the country.
Domestic wheat stocks during first week of last year (2021) were recorded at about 3.188 million tons with carry forward stocks of 731,033 metric tons, said food Security Commissioner Dr Imtiaz Ali Gopang.
Talking to APP here on Monday he said that public stock was sufficient to cater the civic requirement of 108 releasing days or 4.34 months upto May 20, 2022.
He said that by January 10, 2022 about 2,860,081 metric tons of wheat has been released to flour mills in order to ensure supply of flour at sustainable rates in local markets.
Food Security Commissioner further informed that Punjab Province and Khyber Pakhtunkhwa had started their releases from September 24, 2021, whereas Sindh Province started its releases for flour mills from October 17, 2021.
Meanwhile, 1,356,617 metric tons of imported wheat has also arrived, which would help in augmenting the local wheat stocks and discourage any possibility of hording and profiteering in the country, he added.
Besides, he said that wheat sowing during current season had also witnessed positive growth as government announced minimum support price well in time, adding that sowing targets set for the season were achieved by 97%.
Out of the set target of 23.327 million acres, the wheat sowing has been completed over 22.766 million, which was recorded at 22.716 million acres during same period last year.
He informed that Punjab Province had voluntarily enhanced its target to 16.779 million acres from the assigned sowing target of 16.210 mill acres, adding that with this increase, the overall target of wheat sowing has been enhanced to 23.327 million acres from the previous target of 22.758 million acres as was fixed during the meeting of Federal Committee on Agriculture.
According to Provincial Crop Reporting Services wheat sowing was still in progress in many rain fed areas and it was expected to further strengthen the over all sowing figures , adding that Punjab has completed crop cultivation over 100% area set for current season.
However, other provinces including Sindh had completed wheat cultivation over 97.81%, KP 87.01% and Balochistan over 84.77%.
Related Topics
Recent Stories
Rock-solid Ruud racks up season-leading win in Barcelona
At UN, Iran says it will make Israel 'regret' reprisals
G7 hears calls for 'critical' Ukraine aid
EU seeks to leverage might to confront China, US challenge
5 Customs officials martyred as their vehicle ambushed by terrorists in D I Khan
Pak-New Zealand match called off due to rain
NHA restores traffic on roads affected by recent rains in Balochistan
China to fully support Pakistan's efforts against terrorism: Ambassador Jiang
U.S. envoy calls on Foreign Minister Ishaq Dar
Poland arrests man over suspected plan to kill Zelensky
EU wants to ease youth movement to and from UK
Police foils attempt of supply mainpuri raw material
More Stories From Business
-
Pakistan's total liquid foreign reserves reach $ 13.37 billion
6 hours ago -
Stock markets rise as traders consider US rate outlook
7 hours ago -
Business community alarmed by alleged Cigarette tax violations
7 hours ago -
High FED on cigarettes demonstrates positive impact
7 hours ago -
PTCL posts 14 % revenue growth
7 hours ago -
Prudent policies, reforms poised to result in sustainable economic growth: Governor State Bank of Pa ..
8 hours ago
-
ICCI resolute to turn Islamabad an ecofriendly city: Khalid Malik
8 hours ago -
Beijing's GDP up 6 pct in Q1
10 hours ago -
China's Q1 goods, services trade surplus exceeds 60 bln USD
10 hours ago -
Pakistan Stock Exchange (PSX) loses 43 points
10 hours ago -
KP Govt decides to establish Gem Processing & Export Centre
10 hours ago -
Rupee sheds 04 paisa against dollar
10 hours ago