Trading Corporation of Pakistan (TCP) has decided to purchase one million bales of cotton nationwide following a decline in cotton prices in the open market and falling below the intervention threshold. Bids for appointments have been solicited from cotton procurement agents, the Cotton Procurement Firm, and labor contractors. The surge in cotton prices within the…
Pakistan’s cotton production is expected to cross 10 million bales for the first time during the last decade. Cotton industry officials say that the cotton production target had been set at 12.7 million bales but actual production could cross 10 million bales this year. For the first time in the country’s history, collective cotton production…
By: Omed Hajjana The government has decided to provide direct subsidy on fertilizer to farmers after the urea manufacturers refuse to pass on full relief of subsidized gas. Fertilizer manufacturers have been receiving cheaper gas but they have been providing expensive fertilizer to farmers. They had also collected multibillion rupees of GIDC from farmers but…
By Omed Hajjana Pakistan’s mango production is likely to drop by around 20% during this season. The main factors that resulted in low production included climate change, unseasonal rains, heavy windstorms, and hailstorms. These hailstorms occurred in the last few months of April and May. Farmers who grow mangoes said that bad effects of climate…
Low gas pressure has caused a 22,000 metric tonne fertilizer production loss for Fauji Fertiliser Bin Qasim Limited (FFBL). In order to maintain the highest gas pressure possible at all fertilizer facilities and produce urea fertilizer as efficiently as possible, the government has instructed the Petroleum Division to take the necessary steps. Urea fertilizer’s annual…
The food minister on Friday held the provinces responsible for wheat flour crisis, saying, they were not providing wheat in their own areas. He further said that putting the blame on the federal government for the lack of wheat and wheat flour was just a politically motivated move. At the same time as he spoke…
Federal Minister for National Food Security and Research Tariq Bashir Cheema said on Wednesday that the US ambassador had asked him to give a one-time clearance to GMO soybean vessels that were illegally brought in and seized by customs officials. Cheema told the National Assembly Standing Committee on National Food Security that GMO soybean imports…
Italy has announced that it would provide technical assistance for olive cultivation in Pakistan. A meeting of the Steering Committee on Olive Culture Holistic and Multi-Professional Mechanism for a Pakistani Olive Oil Value Chain project was held at the Ministry of National Food Security and Research. Ambassador of Italy to Pakistan, Andreas Ferrarese and Secretary…
The World Bank is planning to give Pakistan $1.3b to help with emergencies, agriculture, and housing. While talking about the World Bank’s Board meeting in December, John A Roome said that the World Bank plans to provide Pakistan with the financial support of $1.3 billion for emergency, agriculture, and housing relief. The World Bank’s Regional…
The Economic Coordination Committee (ECC) on Monday approved the import of 0.3 million tons of wheat from Russia on a government-to-government basis. Pakistan will import at a rate of $372 per ton. Earlier, ECC had approved the import of wheat at $373 per ton through a tender by TCP. So, the deal with Russia is…