Furqan Sarwar
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HAMBURG: Pakistani importers have recently purchased about 66,000 tonnes of soybeans to be sourced from the US Gulf, European traders said on Monday.
The soybeans are for shipment between November and December, they said.
Pakistan has been a heavy buyer of soybeans from North and South America in past months as local processors increased seed crushings. Import tariffs favour purchases of oilseeds rather than processed oilseed meals for animal feed.
NARC TO ASSIST FARMERS FOR CULTIVATING SOYABEAN OVER 1,200 ACRES
ISLAMABAD: National Agriculture Research Center (NARC) would provide technical assistance to farmers of Chakwal region to cultivate soyabean over 1,200 acres of land in order to enhance oil seed production in the country.
The main objective of the imitative was to enhance the farm income of small land holders to alleviate poverty, besides strengthening the domestic oil seed production.
Talking to APP here on Saturday an official of the Council said the recent campaign was started in collaboration with different international partner agencies and development partners.
He said it would also help to enhance domestic oil seed production and production of edible oil and reducing the import bill of the country.
He said that PARC and NARC was also providing information to farmers of remote areas regarding use of modern technology which was vital for development of agriculture sector and betterment of farmers.
PARC scientists, he said was determined to make the country self-sufficient in agriculture production by providing new technologies to the farmers particularly to small farm holdings, he added.
He also highlighted the different programmes and projects initiated by the PARC for the development of agriculture and livestock sectors of the country.
The PARC, he said would also provide full support and technical assistance to formers of the region in adoptions of new technologies of cultivation and crop management to increase the production of peanut, nuts, mash, mustard, canola and soyabean, he added.
He informed that PARC scientists have also introduced a modern peanut dryer and grading machine which could help to reduce 35 percent post harvest loss of peanut crop.
The innovative peanut dryer would enable the farmers to sell there produces timely in open market at a reasonable price, he added.
Conclusion: A good step and it will help in developing our existing Soyabean Oil Market. Which will eventually help in reducing import cost.
