Demand to raise wheat support price to Rs1,800

Published December 29, 2020
The Natio­­nal Assembly Standing Committee on National Food Security and Research on Monday asked the food ministry to increase wheat support price to Rs1,800 per 40kg. — AFP/File
The Natio­­nal Assembly Standing Committee on National Food Security and Research on Monday asked the food ministry to increase wheat support price to Rs1,800 per 40kg. — AFP/File

ISLAMABAD: The Natio­­nal Assembly Standing Committee on National Food Security and Research on Monday asked the food ministry to increase wheat support price to Rs1,800 per 40kg, citing the example of wheat producing countries in the region which have substantially enhanced the support price.

Secretary National Food Security Ghufran Memon informed the NA committee that the production cost of wheat for 2020-21 crops has been estimated at Rs1,586.88 per 40kgs at market level in Punjab, based on the field survey carried out by Agriculture Price Institute.

Based on the figures revealed by the secretary, the standing committee meeting — chaired by MNA Rao Muhammad Ajmal Khan — asked the Ministry of National Food Security and Research (MNFSR) to increase the wheat support price to Rs1,800 per 40kgs.

The federal cabinet at its meeting last month had fixed Rs1,650 as the minimum support price for 40kg wheat, with Minister for Information Shibli Faraz stating that the enhanced increased rate would be beneficial to both masses as well as farmers.

The MNFSR was in favour of enhancing the support price to Rs1,800 per 40kg. The Economic Coordination Committee of the Cabinet had also fixed the minimum support price of upcoming wheat crop at Rs1,650 per 40kg.

Memon informed the NA committee that the minimum support price of wheat in India was reported at Rs1,925 in Oct 2019. This price has been increased by 4.6 per cent from the previous year.

In terms of Pak rupee equivalent, the minimum support price works out at Rs1,725 per 40kg. In China, the government has increased minimum support price of wheat for 2020-21 season at Pak Rs2,001 per 40kg, the committee was informed.

The NA body also directed that the rate of electricity should be reduced from Rs9.35 to Rs5.35 per unit.

On the occasion, the Citrus Exporters Associa­tion raised the issue of Rs250 per maund reduction in fruit price to Rs600 per maund from Rs850.

The MNFSR informed the committee that the prices of any fruit or vegetable do not come under the domain of the federal government.

However, the committee directed Deputy Commis­sioner Sargodha to hold a meeting with growers and exporters to resolve the issue at the earliest.

Published in Dawn, December 29th, 2020

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Words that wound
Updated 18 Jun, 2026

Words that wound

Hate speech rarely begins with physical attacks.
‘New urban province’
18 Jun, 2026

‘New urban province’

CONSIDERING the advance state of urban decay that affects Karachi, voices are often raised calling for the megacity,...
Punjab budget: mixed bag
18 Jun, 2026

Punjab budget: mixed bag

PUNJAB’S budget for FY27 is a mix of good and bad political choices, with a cash-strapped centre tightening the...
Spoiler alert
17 Jun, 2026

Spoiler alert

AFTER the temporary peace deal between the US and Iran is physically signed in Geneva on Friday, an arduous process...
Storm-tested cities
17 Jun, 2026

Storm-tested cities

THE deaths caused by the latest spell of monsoon rains in KP and Punjab illustrate how quickly severe weather can...
Chakwal tragedy
17 Jun, 2026

Chakwal tragedy

A NINE-year-old girl is dead because a Punjab Crime Control Department gunman mistook her family’s car for a...