The Economic Coordination Committee (ECC) of the Cabinet declined the Ministry of National Food Security and Research’s proposal to elevate the support price of wheat for the upcoming crop year (2023-24) to Rs 4,000 per 40 kg. Instead, the ECC has chosen to retain the previous year’s support price of Rs 3,900 per 40 kg.
The decision, reached after consultations with provincial governments, aims to provide consistency and avoid a substantial increase seen in the support price during 2022-23.
The Food and Agriculture Ministry’s summary highlighted that the ECC, in its March 1, 2023 meeting, fixed the profitable support price at Rs 3,900 per 40 kg, allowing for a 44 percent profit margin.
This adjustment was made in response to the challenges posed by the 2022 floods and economic constraints in rural areas. The ECC considered the average cost of production for an average farmer at Rs 2,495 per 40 kg.
While the Agriculture Policy Institute (API) proposed a cost of production at Rs 3,304 per 40 kg for the upcoming wheat crop, the provincial governments unanimously submitted recommendations to set the minimum support price at Rs 4,000 per 40 kg.
The ECC also received data from the Pakistan Bureau of Statistics (PBS), indicating an average wheat price of Rs 4,939.38 per 40 kg and wheat flour at Rs 2,831.33 per 20 kg. Additionally, the International Grains Council reported Black-Sea wheat prices at USD 245/MT (FOB) or USD 323/MT (CNF) at Karachi.
To address the demand-supply gap of 2.40 MMT in the country, the private sector has been encouraged to import wheat. As of December 4, 2023, 20 private vessels have imported 1,147,795 MT of wheat, with an additional 1.00 MMT expected by the end of February 2024.
Due to delays in provincial responses, the announcement of the support price has been postponed, impacting the ideal time for wheat sowing in mid-November.
The recommendations from provincial governments varied, with Punjab proposing Rs 4,000 per 40 kg, followed by Sindh at Rs 4,000, Khyber Pakhtunkhwa at Rs 4,100, and Balochistan at Rs 400 per 40 kg.
The Ministry of Finance and the Ministry of Commerce have supported the Ministry of NFSR’s recommendation to set the profitable support price at Rs 4,000 per 40 kg. The summary has been forwarded to the ECC for consideration.
So, there I was, last week, neck-deep in trouble. I got sucked into this investment scam, thinking I’d hit the jackpot. Turns out, it was all a bunch of lies, and I ended up losing a staggering $47,000. They painted this picture of financial heaven, but it was more like financial hell. I came across Bryan Recovery, I don’t know what I would have done without them, Getting great support and recovering everything back. all thanks to Bryan recovery, for their great support.
Email:([email protected]).
WhatsApp: +1 (580)447–0130
Indeed spells work. I wanna express myself on how this psychic priest Ray saved my marriage from divorce. Myself and my husband were having some misunderstanding and it was tearing our marriage apart to the extent my husband was seeking for a divorce and during that time he left home and I was really devastated I cried day and night I was searching about love quotes online I saw people talking about him and his great work whose case was similar to mine they left his contact info I contacted him told him about my problems he told me that my husband will return back to me within 24hrs i did everything he asked me to do the next day to my greatest surprise my husband came back home and was begging for me to forgive and accept him back he can also help you if you have same marriage issues contact
psychicspellshrine@gmail. com
WhatsApp: +12133525735
URGENT EFFECTIVE LOVE SPELL DR. TEBE TO GET YOUR EX BACK FAST TO SAVE AND RESTORE YOUR MARRIAGE! +1(661)525 4146
HELLO, I’ve been searching for help on how to get my ex-lover back who broke up with me 9 months ago… I was traumatized by the breakup and nearly wanted to commit suicide but I thank God that I got the contact with Dr Tebe the spiritual father who helped me to get back my ex-lover after much searching for help from different places. When I got in touch with Dr Tebe, I explained everything to him so he gave me his words of encouragement and told me that he was going to prepare a spell for me that would help me get back my ex-lover within 12hours and I believed in his words for I was referred to him by a friend who he helped and right now, my ex-lover is back and we are living happily together to get married next month. If you need any assistance whatsoever like getting a lover back, lottery winning spell, black magic spell E.T.C. Then, I suggest that you get in touch with Dr Tebe now through his his contact (+1 661 525 4146) or Email: Drtebespelltemple@gmail. com.
please tell me what is the rate of wheat in Punjab and govt purchase target?
sir wheat price in Punjab are 4000
in 2023/2024