Govt fixes minimum support price for wheat at Rs1,800 per 40 kg for current season

Govt fixes minimum support price for wheat at Rs1,800 per 40 kg for current season

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Islamabad: National Food Security and Research Minister Syed Fakhar Imam said here on Friday that the government has set the minimum support price for wheat in the current season at Rs 1,800 per 40 kg. Facilitate the country’s agricultural communities.

The government aimed at reducing the price parity of the commodity between local and international markets.

Addressing a press conference along with Provincial Minister of Punjab Abdul Aleem Khan, Imam said that decision to this effect was taken during a high level meeting, which was chaired by Prime Minister Imran Khan.

The government aimed at reducing the price parity of the commodity between local and international markets.

The Imam said at a press conference with Punjab Abdul Aleem Khan, Governor of Punjab Province that the decision for this purpose was hosted by Prime Minister Imran Khan. Made at a high-level meeting.

Fakhar learned that the meeting also decided to import about 3 million tons of wheat to supplement domestic grain stocks in order to maintain a stable local supply and demand throughout the year. He said that in addition to imported wheat, the government will retain a strategic reserve of 3 million tons.

He said that the increase in the minimum support price will benefit local farmers, who, in addition to providing raw materials for the industrial sector and hiring skilled and skilled labor, are also playing a key role in providing food to the country’s large population.

The minister said that compared with the 25.25 million tons in the previous year, the local wheat production in the current season is estimated to exceed 26 million marks, adding that the government is working hard to increase the yield per acre, and in this regard, confirm that quality seeds are developed.

In order to achieve the maximum output of wheat in the current season, he said that 513,000 tons of high-yield seeds have been identified, and a tracking and tracing system has been adopted, which will further simplify the process to achieve food safety and security in the country.

Punjab Abdul Aleem Khan, Minister of Food of Punjab State (Punjab Abdul Aleem Khan) said that the decision to increase the support price is a historic step for the current government, and said that for the first time in the country’s history, the support price was reduced by 400 per 40 kilograms. rupee.

He said that raising the minimum support price of wheat from 1,400 rupees to 1,800 rupees is big news for the agricultural communities that play a pivotal role in the country’s economic development and social prosperity.

Despite the increase in wheat support price, the prices of flour would never increase, he said adding that in this regard government would provide Rs80 billion subsidy for keeping the flour prices in local markets unchanged to facilitate the consumers.

He said that Prime Minister was aware about the difficulties being faced by a common man in the country and directed to keep the prices of essential commodities under the control, adding that special measures is being taken to protect the a common man from the inflationary pressures.

Aleem said that Punjab province would start wheat procurement from April,adding that grains releases for local flour mills from official stocks would remained continued through out the year on subsidized rates for keeping the price sustainable and demand and supply smooth.

Besides, the government of Punjab would establish Sasta Bazars (fair price markets) all across the province during the holy month of Ramzan and provide essential food commodities on subsidized rated to facilitate them, adding that government has already allocated a special quantity for these bazars.

Abdul Aleem Khan further informed that under the special directives of Prime Minister wheat flour was available at Rs860 per 20 kg bag in all major cities of Punjab and steps would be taken to maintain these prices to facilitate the local consumers.

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