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Pakistan Govt Intervention Not to Benefit Rice, Cotton Growers

06 January 2012

PAKISTAN - Intervention by the Trading Corporation of Pakistan (TCP) in rice and cotton trade at this stage will not benefit the growers as they have already sold out their commodities at whatever prices were offered to them at the time of harvest/pick in the months of October, November and December, Basmati Growers Association and Pakistan Agri-forum said.

According to the Pakistan Observer, Tthe President BGA Hamid Malhi said the growers of all varieties of rice across the country have already disposed off their commodities like rice. Therefore, TCP intervention now will only benefit the middlemen, dealers, and millers.

However, Malhi did not agree with the Rice Exporters Association of Pakistan (REAP) contention that any buying of rice by TCP would put a halt on rice exports causing huge losses to foreign exchange earnings.

He said Pakistan has enough surplus rice for export purposes but this national asset should not be sold at throwaway prices. President Pakistan Agri Forum, Ibrahim Mughal said that some influential people want to benefit 300 rice millers and 1000 textile mills of the country by TCP participation in the cotton and rice market at public expense.

He urged the government not to be extravagant or careless with the public money. He said instead of belated domestic trading of TCP, the government should provide financial assistance in the shape of subsidies for buying fertiliser, reduction in electricity tube well bills and purchase of seeds and agriculture implements including tractors etc to small farmers.

TheCropSite News Desk



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