LAHORE (APP) - Punjab Rice Mills Association (PRMA) have warned of protest against Pakistan Supply and Storage Corporation (PASSCO), if their demands regarding rice purchase agreement were not met by it. In a media briefing at Lahore Press Club here Friday, the PRMA Chairman Chaudhry Hassan Gulsher Chadhar said the PASSCO had reached into an agreement with rice mills, under which they (millers) purchased paddy at Rs 1,500 per 40 kilograms from the growers, while the Corporation had to purchase the rice at Rs 3,000 from the mills. Under the agreement, the PASSCO had to continue to purchase the rice from the millers till April 30, 2009, he added. Contrary to the agreement, the PASSCO had not only reduced the agreed price of rice from Rs 3,000 to Rs 2,600 but also reset March 31, 2009 as last date for purchase, he maintained. The chairman expressed concern over this step by the corporation, citing that it would dwindle the agro-based industry as the millers had taken loans on high mark-up rates from banks to purchase paddy from the growers. "We will also meet the Federal Minister for Food, Agriculture and Livestock, Nazar Muhammad Gondal in Islamabad on Monday (February 23) to get resolved this issue," he said. To a question, he said the PRMA have many options to protest the illegal move by the PASSCO, however, the future line of action would be decided later. The PRMA Vice Chairman Mian Khawaja Zahid Ahmed, General Secretary Rana Nasir Ahmed Khan and Layya Zone Chairman Mukhtar Ahmed Khan Baloch were also present.