The livestock sector has a key role in the development of agriculture as it contributes 55 per cent of the agri GDP while it has 12pc share in the total national GDP. This was stated by the University of Veterinary and Animal Sciences (UVAS) Vice Chancellor Prof. Talat Naseer Pasha while talking to APP here on Sunday.
He said as the livestick sector had a remarkable share in the national GDP, therefore, it needed to have check on prices of the livestock feed which had a big share in the production of livestock. He said over 25 per cent raise in feed prices during the last one year, illegal export and raise of management cost had caused high prices of animals which affected prices of meat. Prof. Pasha said a role of feed in the growth of animal was 75 per cent when prices of feed raised it meant the cost of production affected the 75 per cent share of the production which resulted in raise in prices. To a question, he said illegal export and management cost consisting of labour, watering and transport had also an important role in increaing prices of animals.
However, he said legal export could be beneficial for farmers and the government while the government could get foreign exchange through it.
He said as the livestick sector had a remarkable share in the national GDP, therefore, it needed to have check on prices of the livestock feed which had a big share in the production of livestock. He said over 25 per cent raise in feed prices during the last one year, illegal export and raise of management cost had caused high prices of animals which affected prices of meat. Prof. Pasha said a role of feed in the growth of animal was 75 per cent when prices of feed raised it meant the cost of production affected the 75 per cent share of the production which resulted in raise in prices. To a question, he said illegal export and management cost consisting of labour, watering and transport had also an important role in increaing prices of animals.However, he said legal export could be beneficial for farmers and the government while the government could get foreign exchange through it.
News Source News Collected: agrinfobank.com Team
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