Fed govt recommends fixing wheat support price at Rs 1365 per 40 kg.

ISLAMABAD -- The federal authorities on Monday recommended fixing wheat support price at Rs 1365 per 40 kilograms. The decision was made in a meeting to review wheat prices chaired by Federal Minister for National Food Security Makhdoom Khusro Bakhtiar.

The committee expressed its satisfaction over the current wheat procurement as it was briefed that around 2352 million tones of wheat is present in the stocks. The Sindh province would begin the wheat procurement process from March 15 while the process would begin by April in Punjab province. The Khyber Pakhtunkhwa (KP) government was also allowed to purchase wheat from the border areas of Punjab province. 'The federal and provincial authorities will procure upto 8.5 million tonnes of wheat on time,' the committee said and further recommended to impose ban on supply of wheat to poultry sector.

The meteorological department officials warned that the wheat harvest could be damaged from the expected rainfall at the end of March 2020. To this the federal minister directed the officials to apprise farmers of the...