'Several factors may damage large quantity of surplus wheat'

Chairman Businessmen Panel and Pakistan Business Group Alliance of FPCCI, Mian Zahid Hussain, presidential candidate Abdul Rahim Janoo, candidate for SVP Mian Anjum Nisar for FPCCI elections 2017 have said that insufficient storage facilities, faulty methods, climate impact etc will damage a large quantity of surplus wheat while government will continue to pay heavy interest to the banks.
They lauded the government for keeping support price for wheat unchanged and termed it in the best interest of the masses. The business leaders said that government has fixed wheat output target at 26.01 million tonnes despite the fact 'that around three million tonnes of surplus wheat is rotting in the godowns. They said that ECC has not only allowed export of nine million tonnes of wheat but also extended export date from November 30 to December 31, but it will not improve exports as the wheat at home costs almost double than the international market.