Supply and Demand Projection of Wheat

SUPPLY AND DEMAND PROJECTION OF WHEAT IN PUNJAB FOR THE twelvemonth 2010-2011 1-Dr.Hazoor Muhammad Sabir* 2- Safdar Husain Tahir** ABSTRACT shuck is the staple food of people in Pakistan. Depending upon rapidly growing nation, the wheat requirements vary from snip to time that creates complications for policy makers. The main objective of the study was to forecast as accurately as possible, the population and wheat requirements in Punjab commonwealth for the year 2010-11. For this purpose a time series selective information regarding population, wheat production and wheat requirements were collected from the National statistics. An exponential smoothing model specific for soothsaying was applied. Different weights ranging from 0.3-0.9 were given to the early(prenominal) data to get the precise estimates. Results revealed that a quantity of 7.55 one thousand million tons wheat will be surplus in Punjab as the total requirements would be 12.45 million tons for the population of 95.78 million projected for the year 2010-11. Key words: Population, production, requirement, forecasting and Punjab (Pakistan) -------------------------------------------------------------------------------------------------- * Economist Ayub Agri. Research Institute. Faisalabad. (Corresponding author) ** Ph.D. Scholar, Department of Business Finance, MAJU.

Islamabad. 1-INTRODUCTION Pakistan is the 9th largest wheat producer, story for 3.04 % of the worlds wheat production from an area of 3.57 % of the world (FAO 2009) Wheat is the leading food grain of Pakistan and being staple forage of the people. It occupies a central position in formulation of verdant policies. It contributes 14.4 percent to the value added in agriculture and 3.1 percent to gross domestic product (Eco Survey 2009-10) Planning is fundamentally a process of view ahead and anticipating difficulties through rational actions based on experience, precaution and imagination to conduct the course of development so as to realize the pet and professed goals. The... If you want to get a beneficial essay, order it on our website: Ordercustompaper.com

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