Daily Times

Daily Times

Home |  RSS | Archives | Company Financials | Contact Us | Monday, July 06, 2009 

Main News
National
Islamabad
Karachi
Lahore
Briefs
Foreign
Editorial
Info Tech
Real Estate
Sport
Infotainment
Advertise
 
Sunday Magazine
 
External Links
Upperhost.com
Best Web Hosting
Remove Security Tool
Jobs in Pakistan
Florence and the Machine Tickets
 
Google


 
Friday, November 06, 2009 E-Mail this article to a friend Printer Friendly Version

Share this story!  del.icio.us digg Reddit Furl Fark TailRank Ma.gnolia NewsVine Simpy Spurl 

Protecting Growers: Govt establishes 50 paddy procurement centres

By Ijaz Kakakhel

ISLAMABAD: The government has established 50 centres in different locations to procure paddy at government announced prices for basmati, Irri-6 and Irri-9. Federal Minister for Food and Agriculture, Nazar Mohammad Gondal, expressed these views during a press conference here on Thursday. The purpose of procurement of paddy through state run Trading Corporation of Pakistan (TCP) is to minimise the involvement of middle-man. For the last several years, these middle- men exploited the poor growers.

The Federal Cabinet on November 4 has approved procurement of 1 million tonnes paddy in the current season at prescribe prices. The procurement price (Intervention price) for Super Basmati is Rs 1250 per 40 kg while last year it was Rs 1400 per 40 kg. Basmati-385 and Basmati-2000 prices are fixed at Rs 1000per 40 kg each. For IRRI-6 and IRRI-9, the government has fixed Rs 600 per 40 kg each while last year it was Rs 700 per 40 kg.

Gondal said that the Pakistan Agriculture Storage and Services Corporation (PASSCO) has to purchase paddy from those areas where the growers have applied approved varieties rice.

The minister claimed that growers were generally voiceless and the government is determined to take appropriate measure for their welfare. “Our economy is agrarian base and every step will be taken to improve agriculture sector and well being of farmers,” he maintained.

Unlike wheat, the Paddy procurement was totally different and required proper handling and storage facility was required after procurement. In this regard, the minister said the government has involved private rice husking mills for proper storage and handling facilities. The minister informed that the government earlier decided that Passco has to procure 40 percent and provinces 60 percent. But the provinces rejected the idea and pleaded that they don’t have storage and handling facilities of Paddy.

The minister also informed that the PASSCO has already kicked off procurement of Paddy. Last year, he said, the prices of rice were higher in international market and the government provided higher prices, however, this year the international prices were lower and the government is also offering lower prices. However, if the international prices increase, then the government would also provide higher prices to rice growers of different varieties.

Home | Business


Share this story!  del.icio.us digg Reddit Furl Fark TailRank Ma.gnolia NewsVine Simpy Spurl 
NCEL starting crude oil future trading soon
PASSCO to acquire 100-120 rice mills on lease
Syngenta Rice Expo highlights advances for crop protection
Protecting Growers: Govt establishes 50 paddy procurement centres
Pakistan’s forex reserves fall to $14.226bn
Competition commission, IDBP Ordinance 2007
Traders demand rationalisation of ATT tariffs
‘$1.204bn expected from FoDP and US’
Rs 10bn allocated for implementation of Textile Policy
Margin financing to take a month for implementation
Fish exports increase by over 86.56% in Sept
ICCI says gas load management not a viable option
APTMA thanks govt for uninterrupted gas supply
Uncertainty over discount rate cut claims 43 pts off KSE index
Lahore stocks close in red
ISE loses 6.48 points
European stocks show nerves amid rate calls
Rupee gains strength vs dollar
Dollar mixed before European rate decisions
FTSEurofirst gains on US data, rate decisions
Wall Street set to rise on productivity data
Indian shares rise nearly one percent
Asian markets fall as sentiment weakens
ECB holds rates, liquidity decision next month
Gold retreats from record as dollar firms
India to sell public sector units to raise money
Oil prices slip on weak demand outlook
Australia to impose duty on China aluminium
New US weekly jobless claims fall
U-turn for GM on Opel reflects confidence in global strategy
Rage against GM over 10,000 planned job cuts at Opel
 
Daily Times - All Rights Reserved
Site developed and hosted by WorldCALL Internet Solutions