As harvesting of wheat is set to start in the coming weeks, the national government on Friday fixed its base support cost at Rs.1,800 per 40kg and chose to keep the wheat flour cost unaltered to give alleviation to purchasers.
Tending to a public interview, Minister for National Food Security and Research Syed Fakhr Imam said the amendment of the base support cost from Rs.1,650 to Rs.1,800 had been chosen by Prime Minister Imran Khan at a meeting held to talk about issues identified with wheat production, import and incentives to wheat producers.
The govt additionally chose to import 3,000,000 tons of wheat in the following one year to guarantee there was no lack of the ware. “We have finalised the estimates of the import and are managing the situation in a coordinated way so that consumers face no shortage of wheat at any time,” Fakhr Imam said.
The food security minister said for this present year wheat production was required to be 26.2 million tons — 1,000,000 tons more than the earlier year’s production of 25.2 million tons. Yield gauges showed that Punjab would develop 19.08 million tons, Sindh 4.02 million tons and Khyber Pakhtunkhwa and Balochistan’s joined creation would be 9.2 million tons, he said.
A reserve of 300,000 tons of wheat has effectively been guaranteed, for which the Trading Corporation of Pakistan had given tenders last August. With this, the nation will have in its stock 30 million tons of wheat including 1,000,000 tons as essential reserve, Mr. Imam said. About the base support value, the federal minister said when the support cost was being fixed the Sindh government didn’t present its suggestions.
In any case, when the government decided the cost at Rs1,650 in the beginning phase, the province declared the cost of Rs2,000 per 40kg, he said, adding that without precedent for history, a territory had not satisfied its established responsibility.
“Today, all the provinces are on the same page, except Sindh,” he said. Punjab Food Minister Aleem Khan, who was available at the news meeting, requested that the Sindh government honor its guarantee with the farmers in the sector and orchestrate obtainment of wheat at Rs2,000 per 40kg.
Mr. Khan named the government’s decision to build minimum support cost as historic and said it was a significant incentive for framers who were the foundation of the economy. He said the Punjab government had so far given endowment of Rs.80 billion to keep the cost of wheat flour at Rs860 per 20kg all through the region, and according to the mandates of the PM, the provincial government would keep offering appropriation to guarantee the cost stayed at a similar level.
He declared that the provincial government would continue to supply wheat to flour plants at sponsored rates. “The release of wheat is usually suspended for one month when the procurement drive is in full swing. Other than that, its supply will continue to the flour mills,” he added.
The Punjab minister said the production of wheat in the nation didn’t match with the demand. Not a solitary grain of wheat was pirated a year ago and the whole stock was consumed, he added. Mr. Khan requested that the farmers bring their wheat yield to assigned centers from where they would be paid in real money. “There is no need to get support of the middleman. The provincial government is bringing reforms to eliminate the role of the middleman”, Aleem Khan said.