MULTAN: Punjab secretary Agriculture Mohammad Mahmud on Friday said that canola sowing target had been set at 50,000 acres in Punjab and all resources would be utilised to achieve it to promote sowing of the profitable oil seed crop.
In a statement issued by the agriculture department spokesman, Mahmud said that meeting edible oil requirements of population from home grown oil seed crops was a challenge but added that the government was providing incentives on canola cultivation to encourage farmers and most importantly to avoid import of palm oil.
He said that Pakistan spent Rs 270 billion every year on import of edible oil as domestic production of edible oil meet only 33 percent of our requirements at home.
Farmers would be provided Rs 5,000 per acre subsidy on sowing canola crop. The government would ensure that farmers should get Rs 2,500 per maund of canola production and farmers would also be provided financial assistance keeping in view the price fluctuation factor.
The Punjab government would set up purchase centres in cooperation with All Pakistan Solvent Extractors Association to ensure in time purchase of canola from farmers.