INP-WealthPk

Time to tap potential of livestock sector in Pakistan

November 03, 2021

By Qudsia Bano ISLAMABAD, Nov 03 (INP-WealthPK): The livestock sector is making a significant contribution to the agricultural gross domestic product, accounting for over half of it. The sector is labor-intensive and employs a large section of rural workforce, employing roughly over 18 million people. Pakistan's agricultural industry is the backbone of the economy, providing raw materials for many sectors and aiding in poverty reduction. According to the Economic Survey of Pakistan 2019, livestock grew at a rate of 4% against a target of 3.8%, with a proportion of 60.54% in agriculture and 11.22% in GDP. A vast majority of cattle are slaughtered for meat production, as well as bred for a variety of food products and functions. As a result, the production of beef necessitates a diverse supply chain and a wide range of techniques. According to data provided by the Ministry of National Food Security and Research, Pakistan produced 4,708 tonnes of meat in the fiscal year 2019-20, with 2,303 tonnes of beef, 748 tonnes of mutton, and 1,657 tonnes of chicken meat. Pakistan's agricultural-based economy relies heavily on livestock. https://www.statista.com/statistics/756924/pakistan-meat-consumption-per-capita-by-type/#statisticContainer This graph depicts Pakistan's expected meat consumption per capita in 2020. In 2020, Pakistani beef and veal consumption per capita was estimated to be around 6.42 kilos per person per year. However, the significant rupee depreciation versus the dollar since May 2021 has given exporters a lot of breathing room. The positive impact of the rupee's depreciation against the dollar has been tempered by high local meat prices. Meat production has increased somewhat every year for the past three years, owing mostly to population growth. To meet the growing demand, genetic improvement programs must be implemented to produce potential breeds. Any genetic improvement effort must start with the implementation of a standardized performance-recording system. It is necessary to develop and execute a low-cost, self-sustaining performance-recording model in various socioeconomic and geographical areas of the country. Will there be a single model for dairy, meat, and small ruminants, or will distinct recording systems be required for different situations? The performance data can then be used to improve animal genetics.   To promote the selling of processed and high-quality meat cuts to consumers, forward-thinking meat retailing companies are required. It should be packaged and labeled at a cost that includes processing, packaging, and quality. The expansion of slaughtering and processing processes can aid in maximizing value. By decreasing wastage, there is a lot of room to improve the efficiency of slaughtered stock and its by-products. Improved handling can increase the value of hide or skin, especially during the skinning process, as they are the most lucrative slaughter by-products. The growth of a modern beef business should begin with the distribution. Efficient feeding/management can reduce production costs, but not enough to compete with meat from animals at the end of their careers or from light-weight, low-quality animals. Terminating the ceiling price policy and establishing integrated production-distribution projects could be a positive step.