It is a matter of great concern that the kharif crops of rice and cotton were adversely affected due to heavy rains and localised flooding in FY2012-13. Therefore, the overall growth in major crops during the fiscal year has remained significantly lower than last year.
As pointed out by State Bank of Pakistan in its third quarterly report, rice harvesting was completed in October 2012, and available information suggests an output of 5.5 million tons, which is much lower than the target of 6.9 million tons. Despite production gains in Punjab, the overall crop suffered mainly due to localized flooding in upper Sindh and adjoining areas of Balochistan during September 2012. The other major area of concern is the fact that the area under cotton cultivation has fallen this year.
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