09292016Thu
Last update: Thu, 29 Sep 2016 01pm

Agriculture and Allied: Pakistan

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The Federal Committee on Agriculture (FCA) will meet in the third week of October to review the agriculture performance of Kharif season and fix the targets for the Rabi season 2017-18. Ministry of National Food Security and Research's official told Business Recorder that the high-powered meeting would be held under the chairmanship of Federal Minister for NFS&R Sikandar Hayat Khan Bosan in the third week of October, 2016.
The Indus River System Authority has forecasted two percent shortfall for current Kharif crops including cotton, rice, sugarcane, vegetables, fodder for live stock and orchards over the protected existing uses of canal water in each province under the 1991 water accord among the provinces.
At Pakistan Mercantile Exchange Limited (PMEX), on Monday value traded was PKR 3.286 billion and the number of lots traded was 8,071. PMEX Commodity Index closed at 2,940. Major business was contributed by currencies through COTS PKR 1.642 billion followed by gold PKR 918.55 million, crude oil PKR 534.23 million, silver PKR 180.11 million and cotton PKR 10.75 million.
PMEX launched Red Chilli deliverable weekly futures contracts in October 2015 of three different grades of Dandicut (Longi) variety. Though it was the first-ever listing of a spice at the Exchange, the concerted efforts of all the market participants ie growers, traders and corporate buyers enabled PMEX to achieve this milestone. During a brief trading span of three months, more than 600 tons of the spice was traded at the Exchange and delivered to the corporate buyers.
Chairman Senate Standing Committee on Food Security and Research Syed Muzaffar Hussain Shah said on Tuesday that the export of chilies would not witness any substantial increase without providing quality seeds to the growers. He express these views speaking at an awareness seminar on potential of export of chilies organized by Trade Development Authority of Pakistan (TDAP) in collaboration with Sindh Agricultural Growth Project (SAGP), here at a hotel.
The apex body of tea planters of India on Tuesday said it was ready to suspend trade with Pakistan if the Indian government wished so. As per detail, the Indian Tea Association (ITA) has decided in a meeting that in the wake of new terror attack in Jammu and Kashmir if Indian government wanted them, they are ready to stop export of tea to Pakistan.
The Punjab agriculture department has started registration of growers under 'Khushal Kissan Khushal Pakistan' scheme which is aimed at extending Rs 80 billion interest-free loans to 5,00,000 farmers having up to 12 acres of land. The registration will be carried out at tehsil land record centers, which will remain open from 4:00 pm to 8:00 pm daily for a period of one month.