Tag: expects

Pakistan expects 9.4 million tons paddy

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article image STAFF REPORT ISB:  Pakistan is expected to have 9.4 million tons of paddy this year, 1.4 million tons less than previously foreseen, but still 2 per cent more than in 2011, UN Food and Agriculture Organisation (FAO) reveals in its just-published Rice Market Monitor’.However, it points out that the outlook has been somewhat dampened by reports of protracted water shortages in Sindh, as well as sustained concerns in Punjab over the stagnating basmati yields and its substitution with common…Read More

Govt expects bumper wheat with 24m tons

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article image STAFF REPORT IBD: Pakistan is expected to produce 24 million tons of wheat this year that can satisfy the needs of the country in terms of quantity but wheat support price has been fixed at Rs. 1050 per 40 kgs.Though the target of 25 million tons of wheat production seems not to be achieved, yet 24 million tons would be enough for the whole year. Masses would have to pay the inflationary prices of staple food while farmers would get no significant benefit as well, experts were of the view.There…Read More