FAISALABAD: In two successful raids in Tehsil Saddar, 500 metric tonnes of food items including gram, pulse moong and other items were recovered from hoarders. Assistant Commissioner of Saddar Umar Maqbool said that the revenue teams recovered 2,470 bags of gram weighing 50 kg and 2,850 bags of dal moong from Sheikh Amir’s godown in […]
Wheat
Wheat procurement target may not be achieved
FAISALABAD: Achieving the wheat procurement target set by the Food Department in Faisalabad has become impossible. With the target of purchasing 110,000 metric tonnes of wheat, only 70 percent of the bardana has been distributed to the farmers so far, while only 44 percent of the wheat has been procured in five weeks. In this […]
Rising grain prices hit Asian wheat importers, but corn buyers prepared
Flour millers in Asia have been caught on the wrong side of a rally in wheat prices as they waited for the market to decline, a stark contrast to animal feed producers who booked cargoes of corn several months before prices for that grain jumped. Benchmark Chicago corn futures climbed by almost a fifth in […]
Crackdown on wheat hoarders in district Nankana Sahib, 50 kg bags of wheat seized
More than two hundred and thirty thousand 50kg bags of wheat have been seized in two raids carried out by Assistant Commissioner Sonia Kaleem alongside officials from the Punjab Food Department with help from local Police on directions of Deputy Commissioner Nankana Sahib Raja Mansoor. Grain purchased from poor farmers at low rates has been found in […]
India hikes wheat import duty to support local farmers
India has raised its import duty on wheat to 40 percent from 30 percent, the government said late on Friday, as the world’s No. 2 producer of the grain tries to support local farmers. The step comes as Prime Minister Narendra Modi’s party looks to contain rural discontent due to lower crop prices amid voting […]
Wheat growers cry exploitation amid govt inaction
Larkana-harvests-1.5-million-acres-of-bumper-wheat-cropFresh wheat crop grown on both sides of Indus River has started entering the market across Larkana Division. Traders are doing a roaring business as they procure 40 kilogrammes between Rs 950 to 1000, inflicting a loss between Rs 250 to 300 to the growers. Wheat was sown on approximately 1.6 million acres in five […]