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Punjab Sets Rice Cultivation Target Markets

The Punjab government has announced a target of cultivating rice across 5 million acres of land this year, which is a significant move to increase rice production.

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Punjab Sets Rice Cultivation Target Markets

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  1. Punjab Sets Rice Cultivation Target Punjab Sets Rice Cultivation Target – – M Markets arkets The Punjab government has announced a target of cultivating rice across 5 million acres of land this year, which is a significant move to increase rice production. The Target The Target This strategy was unveiled by the secretary of agriculture, Iftikhar Ali Sahoo, on Wednesday at the Civil Secretariat during the Rice Management Group's inaugural meeting. Secretary Sahoo emphasized the importance of making use of all available tools to reach this production milestone. He emphasized that rice meets the nutritional needs of the populace of the country and is a significant source of foreign exchange earnings. Strategy Developments Strategy Developments It was revealed at the meeting that Punjab's rice production has increased noticeably over the last three years by 6.7%. A total of 5.57 million tons of rice were produced during the fiscal year 2022–2023 on an area of 5.4 million acres. Pakistan, on the other hand, exported 4.87 million tons of rice, which brought in $3.05 million in foreign currency.

  2. The Punjab government has implemented subsidies for registered farmers in order to support the country's plan to increase rice production per acre. For Basmati varieties, a subsidy of Rs 1500 per bag is offered; for non-Basmati varieties, a subsidy of Rs 1000 per bag is made available. Furthermore, the government provides Rs30,000 per acre for cultivating demonstration plots in selected Punjab districts. Progressive farmers and service providers in designated districts are receiving modern equipment to encourage mechanized agriculture and make efficient use of paddy residue. The Secretary also mandated that during the paddy cultivation season, standardized agricultural inputs be made available on the market. He placed emphasis on the suspension of dealer agencies and licenses for those selling unconventional agricultural inputs. The need for special measures to increase paddy exports was also stressed at the meeting. The Punjab government's comprehensive strategy aims to significantly increase rice production, ensuring food security while also boosting the economy through increased export potential. If you are a rice importer wishing to buy rice in bulk or a Rice Exporter willing to export bulk rice, then Tradologie.com is the right platform for you. Tradologie is a global digital trade hub that facilitates bulk agro-commodities trade in a transparent manner. Through Tradologie’s AI based platform, buyers and sellers can connect directly with each other in real-time, negotiate prices to get the best deals, without the involvement of any middlemen. Hence, ensuring best rates for both buyers and sellers on the platform, with an overall major reduction in the cost of trade by close to 10%. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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