Efforts under way to ensure wheat supply at affordable prices: ministry

Published July 21, 2020
National Food Security and Research Ministry says provincial strategy restricted movement of wheat, created panic in market. — Dawn/File
National Food Security and Research Ministry says provincial strategy restricted movement of wheat, created panic in market. — Dawn/File

ISLAMABAD: The Ministry of National Food Security and Research said on Monday that it was working to ensure supply of wheat at affordable prices.

The ministry said in a statement that a gap of 1.411 million tonnes had been identified in the availability and consumption of wheat as per the estimates of provincial crop reporting services.

A strategy is being designed in consultation with the provinces considering the concerns expressed by importers, in addition to the steps taken for releases from the public sector.

The stock of public sector is being audited during the end of season, while the provincial governments have promulgated anti-hoarding law to ensure wheat procurement drive and achieve their procurement targets.

Says provincial strategy restricted movement of wheat, created panic in market

This strategy of the provinces not only restricted wheat and wheat seed movement but also created panic in the local market. Resultantly, wheat price escalation was observed, even during the months of its procurement, according to the ministry.

In order to ensure food security of the country, the national food security ministry is mandated to arrange the requisite supply of wheat within the country. The Pakistan Agricultural Storage and Services Corporation, an attached organisation of the ministry, is working continuously to supply wheat to the wheat-deficit areas.

Punjab has started stocking wheat at the release price, whereas the Sindh government has also been contacted to announce its wheat release policy.

Meanwhile, presiding over a meeting, Minister for National Food Security and Research Syed Fakhr Imam said that his ministry was dealing with economic coordination and planning in respect of food, economic planning and policy making vis-a-vis agriculture.

Presenting a comprehensive overview of the ministry, National Food Security and Research Secretary Omar Hamid Khan said the ministry was mainly responsible for policy formulation, economic coordination and planning in respect of food grain and agriculture.

It also included procurement of food grains, fertiliser, import price stabilisation of agriculture produce, international liaison and economic studies for framing agricultural policies, he said.

The meeting discussed the performance of the Pakistan Central Cotton Committee, particularly its focus on improvement and development of growing, marketing and manufacturing of cotton and cotton byproducts, through an extensive programme of research and development in all its conceivable aspects.

Published in Dawn, July 21st, 2020

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

UAE’s Opec exit
Updated 30 Apr, 2026

UAE’s Opec exit

THE UAE’s exit from Opec is another sign of the major geopolitical shifts that are reshaping the global order. One...
Uncertain recovery
30 Apr, 2026

Uncertain recovery

PAKISTAN’S growth projections for the current fiscal present a cautiously hopeful picture, though geopolitical...
Police ‘encounters’
30 Apr, 2026

Police ‘encounters’

THE killing of nine suspects by Punjab’s Crime Control Department across Lahore, Sahiwal and Toba Tek Singh ...
Growth to stability
Updated 29 Apr, 2026

Growth to stability

THE State Bank’s decision to raise its key policy rate by 100 basis points to 11.5pc signals a shift in priorities...
Constitutional order
29 Apr, 2026

Constitutional order

FOLLOWING the passage of the 26th and 27th Amendments, in 2024 and 2025 respectively, jurists and members of the...
Protecting childhood
29 Apr, 2026

Protecting childhood

AN important victory for child protection was secured on Monday with the Punjab Assembly’s passage of the Child...