Saturday, June 15, 2024

Agricultural Commodity Prices in Punjab: A Snapshot of December 5th, 2023

Agriculture plays a pivotal role in the economic landscape of Pakistan, and the province of Punjab stands as a major contributor to the country’s agricultural output. As of December 5th, 2023, let’s delve into the current market prices of key agricultural commodities in Punjab, shedding light on the minimum, maximum, and average prices.

Phutti (40 Kg):
Phutti, the raw form of cotton before ginning, is a crucial commodity in the textile industry. In Punjab, the prices for Phutti range from Rs. 6472 to Rs. 7623 per 40 Kg, with an average rate of Rs. 7048. These figures offer insights into the market dynamics, reflecting the economic conditions surrounding cotton cultivation.

Banola-Khal (37.324 Kg):
Banola-Khal, derived from oilseeds, is a vital component in the production of animal feed. In Punjab, the current market prices for Banola-Khal vary from Rs. 2225 to Rs. 2375 per 37.324 Kg, with an average price of Rs. 2300. These figures provide a comprehensive view of the cost structure for an essential component in the livestock sector.

Lint Cotton (37.324 Kg):
Lint Cotton, the processed form of cotton after ginning, is a key export commodity for Pakistan. In Punjab, the prices for Lint Cotton remain consistent, with both the minimum and maximum prices pegged at Rs. 16620 per 37.324 Kg. This stability in pricing reflects the resilience of the cotton market in the province.

As of December 5th, 2023, the agricultural commodity market in Punjab showcases varying dynamics for different crops. These prices are not only essential for farmers in planning their crops but also impact downstream industries, such as textiles and livestock. Continued monitoring of these market trends is crucial for stakeholders to make informed decisions and navigate the ever-evolving landscape of agriculture in Punjab.

Note: Prices are subject to change based on market conditions and other external factors. Team Team is a comprehensive online platform dedicated to providing valuable agricultural information and resources in Pakistan. With a focus on promoting sustainable farming practices, enhancing agricultural productivity, and empowering farmers, serves as a one-stop hub for all things related to agriculture in Pakistan. Through its user-friendly interface and a vast array of content, the platform aims to connect farmers, researchers, policymakers, and other stakeholders, facilitating knowledge exchange and driving the transformation of the agricultural sector in Pakistan.

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