BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
Markets Print edition: 2020-10-29

Farmers reject proposed wheat MSP

Published Updated

LAHORE: Rejecting the new wheat support price at Rs1600 per maund proposed by the government, farmers’ organizations have demanded to fix it between Rs1800-2000 per maund to meet the input cost and save a reasonable return to the growers.

Agri Forum Pakistan Chairman Muhammad Ibrahim Mughal talking to Business Recorder here on Wednesday said that new wheat support price means that the government or market will buy wheat from farmers at Rs40 per kilogram. “In this case, will the government ensure that consumers get flour made of wheat at Rs 45 per kilogram?” He alleged that the government and those who have prepared this summary had once again made a plan to loot farmers and flour consumers.

He was of the view that this price would not prove helpful in achieving the production target, thus Pakistan has to continue import while wheat would be smuggled to Afghanistan. This would happen because of keeping the wheat support price low. The Imran-led government will be responsible for this if happened. In his opinion, the price should be between Rs1800 to Rs2000 per maund. He appealed to the Prime Minister not to listen to bureaucracy and revise the wheat support price upward.

Agriculture Republic founder Aamer Hayat Bhandara questioned the grounds of keeping the new wheat support price even lower than the cost of production prepared by the Punjab province. He also questioned that how the province had calculated the production price at Rs1650 per maund despite higher inputs.

Copyright Business Recorder, 2020

Comments

Comments are closed for this article.