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 Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Large projects again?
Updated 03 Jun, 2024

Large projects again?

Government must focus on debt sustainability by curtailing its spending and mobilising more resources.
Local power
03 Jun, 2024

Local power

A SIGNIFICANT policy paper was recently debated at an HRCP gathering, calling for the constitutional protection of...
Child-friendly courts
03 Jun, 2024

Child-friendly courts

IN a country where the child rights debate has been a belated one, it is heartening to note that a recent Supreme...
Dutch courage
Updated 02 Jun, 2024

Dutch courage

ECP has been supported wholeheartedly in implementing twisted interpretations of democratic process by some willing collaborators in the legislature.
New World cricket
02 Jun, 2024

New World cricket

HAVING finished as semi-finalists and runners-up in the last two editions of the T20 World Cup in familiar ...
Dead on arrival?
02 Jun, 2024

Dead on arrival?

Whatever the motivations for Gaza peace plan, it is difficult to see the scheme succeeding.