Pakistan crop loss of 20-40% after harvest, SECP chief says
Pakistan crop loss after harvest is estimated at 20 to 40 percent, and the SECP chairman says better warehouses and electronic receipts could help farmers get stronger prices.
Pakistan loses an estimated 20 to 40 percent of its crops after harvest, according to SECP chairman Dr Kabir Ahmed Sidhu.
At a 40 percent loss, the value comes to about Rs3.5 trillion, against total crop value of about Rs8.8 trillion.
Each percentage point of post-harvest loss represents around Rs88 billion in lost value.
Pakistan has 326,000 metric tons of approved warehouse capacity, against an estimated 55.7 million metric tons of storable dry commodities.
A proposed warehouse receipt system would let farmers borrow from banks against stored crops instead of selling at low prices.