Posted 4/6/2024, 12:44:29 AM
Wheat Procurement Confusion as ECC Fails to Set Clear Cash Limits
- ECC fails to approve clear cash credit limit for wheat procurement despite lengthy meetings
- Inexperience and confusion appear to be key factors; new ECC members given basic briefing
- Procurement targets set at 2.45 million tonnes, excluding major producer Punjab
- Sindh approved Rs200bn credit, half for 1m tonnes wheat procurement, half for past rollovers
- Punjab declines credit limit, says will intervene if farmers fleeced to build stocks
