April 10, 2012

 

Pakistan estimates 24 million tonnes wheat output in 2012

Fairly sufficing the country's annual requirement of noting less than 24 million tonnes, Pakistan estimates wheat production amounting to 24.02 million tonnes this year, an official said on Saturday (Apr 7).

 

However, he informed that there was no risk of shortage of the commodity in the country as the sufficient stock of carry forward available collectively with the provincial and federal government.

 

The official underlined the fact; net production fell down slightly against its target of 25 million tonnes due to certain factors and the major reasons are shortage of fertilisers and water scarcity.

 

When in this regard contacted Federal Secretary Shafqat Hussain Naghmi, he told Online that this year entire wheat production of the country is yet to be estimated, however, in Punjab wheat production was estimated around 18 million tonnes and waiting for other provinces assessments.

 

"Wheat harvesting is going to start from mid April in Sindh and in the end of this month or in the beginning of next month in Punjab," the federal secretary said, adding that this year wheat requirement is expected to remain about 24 million tonnes in the country.

 

While talking to Online Muhammad Ibrahim Mughal, Chairman of Agri Forum Pakistan said that wheat production target was set 25 million tonnes for this year but the output could be around 23-23.5 million tonnes.

 

He said the country had four million tonnes of carry forward stocks and demanded that government should allow 1.5 million tonnes wheat export to Iran from fresh stock under barter trade system and in return Petroleum products should be imported.

 

"This year Punjab should procure three million tonnes wheat from farmers while Pakistan Agriculture Storage and Supplies Corporation (PASSCO) and Sindh two and 1.5 million tonnes respectively," he added.

 

According to the USDA report, Pakistan's wheat production for the year 2012-13 is estimated at 23 million tonnes which shows down 5% relative to previous year's record harvest of 24.2 million tonnes.

 

The Economic Coordination Committee (ECC) of the Cabinet has already approved the purchase of 7,700,000 tonnes of wheat from farmers. The ECC on Friday was of the consensus that the provinces have the inalienable right to lift the wheat but the debate went on the extension of credit cash guarantees to the provinces on the amount of purchasing wheat after the increase in the support price of wheat from PKR950-1,050 (US$10.50-11.57).

 

It may be recalled that after the due process of devolution the provinces were allowed to lift the wheat to maintain strategic reserves.