Wheat releases are under way and the department anticipates recovering Rs78bn until March. It would be raised again in view of a higher support price of Rs2,200 this year.įood officials claimed that the provincial food department has to clear Rs152bn liabilities of banks besides a markup of 7.8pc over the principal amount. The CCL of Rs130 billion last season was revised to Rs152bn in the outgoing season. Last year, the Sindh government sought approval from the federal government for enhancing the cash credit limit (CCL) in view of an increase in the support price. Around 350,000 wheat is to be released by December and the remaining stock by March.
Sindh’s food department has also started releasing wheat from its godowns at Rs4,875 per 100kg bag. Provincial government’s buying target expected to remain unchanged at 1.4m tonnes for upcoming season The Sindh government fixed grain’s support price of Rs2,000 per 40kg last year, which has been raised to Rs2,200 this year. Last year, the food department managed to buy 1.2m tonnes of wheat against the procurement target of 1.4m tonnes. The procurement target would remain unchanged at 1.4m tonnes for the upcoming season as well, he said. He agreed that starting the exercise in April affects procurement.
“We have serious plans to start the procurement drive by March 15 instead of April in order to capitalise on the early harvesting trend in the Mirpurkhas zone of lower Sindh,” Haleem Shaikh, the provincial food secretary, told Dawn on Saturday. HYDERABAD: Sindh’s food department plans to start procuring wheat from March 15 instead of its usual procurement exercise schedule that begins from the middle or by late April.
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