ISLAMABAD: Sindh government has fixed wheat support price at Rs 2,000 per 40 kilograms and fixed the support price of sugarcane crop at Rs 202 per maund.
A meeting of the provincial cabinet chaired by Chief Minister Syed Murad Ali Shah approved the decision in a meeting, a spokesperson of the chief minister said.
Secretary Agriculture while briefing the Sindh cabinet told that Punjab and Balochistan provinces have recommended support price for wheat at 1700 per 40 kilograms.
“We use foreign exchange over import of wheat” Chief Minister Murad Ali Shah said.
The imported wheat is lesser in quality then our wheat crop and we will be forced to import wheat next year if failed to increase the support price this year, secretary agriculture stated.
The Economic Coordination Committee (ECC) had recently fixed wheat support price at Rs 1600 for the next year’s crop. The decision was taken during an ECC meeting, which was chaired by Adviser to Prime Minister on Finance Abdul Hafeez Shaikh.
The committee was briefed that the support price mechanism plays a pivotal role in boosting wheat production, as it stabilizes market and increases the profitability of farmers.
Since 2010-2011, the support price for wheat has been revised four times. (With input from INP)
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