Home / Top Stories / Agriculture sector witnessed 2.77% progress, livestock 3.06% in FY 2020-21 – Day by day Instances

Agriculture sector witnessed 2.77% progress, livestock 3.06% in FY 2020-21 – Day by day Instances

ISLAMABAD: Regardless of the COVID-19 Pandemic, the agriculture sector within the nation witnessed about 2.77 p.c progress through the monetary 12 months 2020-21 as in opposition to the set goal of two.Eight p.c, which was primarily attributed to the well timed interventions of the federal government and the introduction of economic and coverage measures to attenuate the influence of the worldwide pandemic.

The expansion of necessary crops together with wheat, rice, sugarcane, maize, and cotton through the 12 months registered at 4.65 p.c, whereas the manufacturing of main Kharif crops similar to sugarcane, maize, and rice indicated appreciable enchancment, in comparison with final 12 months and surpassed the manufacturing targets, in keeping with the Financial Survey of Pakistan launched right here on Thursday.
The manufacturing of sugarcane elevated by 22.Zero p.c and reached 81.009 million tons from 66.380 million tonnes. Rice manufacturing elevated by 13.6 p.c to eight.419 million tonnes from 7.414 million tonnes and maize by 7.Four p.c to eight.465 million tonnes from 7.883 million tonnes, it added.
Nevertheless, the cotton crop suffered primarily resulting from a decline in space below crop manufacturing, heavy monsoon rains, and pest assaults. The cotton manufacturing decreased by 22.Eight p.c to 7.064 million bales from 9.148 million bales final 12 months.
Wheat, a very powerful Rabi crop, confirmed progress of 8.1 p.c and reached a document excessive manufacturing stage of 27.293 million tonnes in comparison with 25.248 million tonnes final 12 months. For Rabi crops 2020-21, the federal government had supplied a complete “Rabi Bundle” comprising of subsidies on fertilizer, fungicides, and weedicides, along with a rise within the minimal help worth of wheat to Rs1,800 per 40 Kg.
Different crops having a share of 11.69 p.c in agriculture worth addition and a couple of.24 p.c in GDP confirmed progress of 1.41 p.c due to a rise in manufacturing of fodder, greens, and fruits.
Nevertheless, cotton ginning declined by 15.58 p.c resulting from a fall within the manufacturing of cotton crops. The general crops sector, having a share of 35.81 p.c in agriculture worth addition and 6.87 p.c in GDP, witnessed a progress of two.47 p.c.
Water availability throughout Kharif 2020 remained at 65.1 million acre-feet (MAF), displaying a slight lower of 0.2 p.c in comparison with 65.2 MAF of Kharif 2019. Rabi season 2020-21 acquired 31.2 MAF, displaying a rise of 6.9 p.c over Rabi 2019-20.
Home manufacturing of fertilizer through the fiscal 12 months 2020-21 from (July-March) elevated by 5.9 p.c over the identical interval of the earlier 12 months, primarily resulting from a rise within the provide of extra fuel. There was an upsurge in whole off-take of fertilizer vitamins by 15.2 p.c, largely resulting from upward revision in help worth of wheat and decreased urea worth by 12 p.c.
From July-March, 2020-21, native tractor manufacturing elevated by 57. 5 p.c as whole tractor manufacturing was 36,653 in comparison with 23,266 produced final 12 months.
The manufacturing improve was largely resulting from an improved liquidity place of farmers. The agriculture lending establishments have disbursed Rs 953.7 billion throughout July-March, FY2021, which is 63.6 p.c of the general annual goal of Rs 1,500 billion and 4.6 p.c greater than the disbursement of Rs 912.2 billion made throughout the identical interval final 12 months.
Livestock has a share of 60.07 p.c in agriculture and 11.53 p.c in GDP, achieved a progress of three.06 p.c. In the meantime, with a share of two.01 p.c in agriculture worth addition and 0.39 p.c in GDP, the fishing sector grew by 0.73 p.c. The forestry sector has a share of two.10 p.c in agriculture, and 0.40 p.c in GDP, which grew by 1.42 p.c.

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