REAP to award Rs10mn for Hybrid Basmati Rice breeder

News Image

MG News | April 27, 2021 at 03:08 PM GMT+05:00

0:00

April 27, 2021: The Managing Committee of Rice Exporters Association of Pakistan (REAP) in its meeting yesterday has decided to announce a reward of Rupees 10 million for a breeder/scientist who develops high yielding basmati rice seed.

REAP with this initiative has become 1st trade association that has taken initiatives to secure its supply chain particularly for basmati rice which is also our national heritage and acts as our ambassador globally.

Such initiatives will encourage many breeders to come up with high-yielding extra-long grain basmati rice varieties that will lower the cost of production resulting in boosts in basmati rice exports of Pakistan. Non-Basmati Hybrid Rice Variety which is very popular in Sindh due to its high yield and high income per acre advantage has now started to be cultivated in Core Basmati Areas of Punjab due to Farmer acceptability. This is causing a threat to Basmati Rice Production which might lead to lesser Basmati Rice Crop Size.

Sensing this threat to its supply chain, REAP is encouraging Research in High Yielding Basmati Rice Varieties to attract Farmers and has also urged the Government to Ban the cultivation of Non-Basmati Hybrid Rice in Core Basmati Rice Growing areas of Punjab by initiating Zoning.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 156,177.82
367.85M
-0.00%
-3.12
ALLSHR 95,630.38
1,498.37M
-0.06%
-60.44
KSE30 47,678.47
206.79M
-0.08%
-35.92
KMI30 229,682.22
174.86M
-0.02%
-39.87
KMIALLSHR 64,366.76
638.47M
-0.08%
-53.31
BKTi 41,922.80
89.51M
-0.11%
-46.72
OGTi 31,735.79
16.87M
-0.80%
-255.97
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,910.00 117,295.00
116,115.00
1085.00
0.94%
BRENT CRUDE 67.91 68.59
67.62
-0.56
-0.82%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.50 93.50
93.50
0.15
0.16%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.78 63.82
63.59
-0.27
-0.42%
SUGAR #11 WORLD 16.23 16.59
16.23
-0.33
-1.99%

Chart of the Day


Latest News
September 18, 2025 at 12:19 AM GMT+05:00

Pakistan, Saudi Arabia sign Strategic Mutual Defense Agreement


September 17, 2025 at 11:55 PM GMT+05:00

Fed delivers 25 basis-point rate cut


September 17, 2025 at 05:37 PM GMT+05:00

Auction Result: Govt raises Rs201bn through T-bills


September 17, 2025 at 04:59 PM GMT+05:00

Hala Enterprises to increase weaving capacity by 75%


September 17, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Flatlined but Holding On



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg