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Rs11.7b wheat of last year yet to be sold

byCT Report
16/03/2018
in Business
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SIALKOT: The Punjab government has sought the details the of wheat stock available at 345 official and private godowns of Food Department in Gujranwala Division.

Officials said that 3,610,000 bags of last year’s wheat yield were stocked at the godowns. The worth of the wheat yield was stated to be Rs11.71 billion.

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These bags of wheat were to be sold out till April 15, 2018. Only one month has left behind to achieve this wheat sale target. After the final deadline, the sale of the last season’s wheat would be closed in this region, the officials added.

In Gujranwala Division, the Food Department has yet to sell out 1,430,000 bags of last year’s wheat worth Rs4.66 billion.

According to the senior officials of the Food Department, the Punjab government might set 432,000 tons wheat procurement target at the official procurement centres this year in Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala districts.

This season’s official wheat procurement will be started in Gujranwala region from April 15 as the government has fixed the wheat supporting price of Rs.1300 per mound (40kg) wheat here, the officials stated.

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