Welcome to the Future of Milk and Meat Pricing in Pakistan
The federal government of Pakistan is considering deregulating the prices of milk, beef, and mutton, shifting the monitoring responsibility to market players and their demand-supply mechanism. A recent meeting in Islamabad discussed this proposal, with officials and stakeholders stressing the need for supporting the livestock sector’s development by deregulating red meat and milk prices.
The Ministry of National Food, Security and Research (MNFSR) has initiated dialogues with stakeholders to draft a summary for the Economic Coordination Committee. This move aims to address the low profit margins discouraging farmers and investors in the sector. However, consultation with consumers’ associations and meat processors is crucial before finalizing any decisions.
Representatives from different ministries and provincial departments expressed support for price decapping to encourage a free economy and stimulate investment in quality animal products. Farmers associations and retailers are also being consulted to ensure a balanced and rational pricing system for milk and meat production.
The future of milk and meat pricing in Pakistan is evolving, with a focus on enhancing the sector’s competitiveness and sustainability. Stay tuned for more updates on this exciting development!
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