During a federal cabinet in Islamabad chaired by Prime Minister Imran Khan, the cabinet was informed that government steps have resulted in a reduction of wheat prices.
Minister for Industries and Production Hammad Azhar said that the ratification will facilitate the private sector imports, improve domestic stocks and stabilise prices.
The government raises the floor price for cane every year, but Uttar Pradesh state, the country's top cane producer, invariably raises the floor price further due to its millions of cane growers.
The US dollar fell against a basket of major currencies for a fifth consecutive trading day on Tuesday, reaching its lowest level in more than two years.
December London cocoa settled down 8 pounds, or 0.5%, to 1,673 pounds per tonne.