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Wheat Support Price: A Note for Policymakers (Policy)

Author

Listed:
  • Abdul Jalil

    (Pakistan Institute of Development Economics, Islamabad.)

  • Fahd Zulfiqar

    (Pakistan Institute of Development Economics, Islamabad.)

  • Muhammad Aqeel Anwar

    (Pakistan Institute of Development Economics, Islamabad.)

  • Nasir Iqbal

    (Pakistan Institute of Development Economics, Islamabad.)

  • Saud Ahmed Khan

    (Pakistan Institute of Development Economics, Islamabad.)

Abstract

Wheat is one of the most strategic crops globally, which has always been a big challenge for many governments. Over the last few months, Pakistan’s government is struggling to fix wheat prices in the country due to weak governance and mismanagement. The Minimum Support Price (MSP) for the Year 2019-20 was PKR. 1,400, but the market price of wheat rose to PKR. 2,256 per 40 kg in the first week of October. The Prime Minister of Pakistan directed relevant authorities to devise a comprehensive plan to ensure the supply of wheat on market prices. The plan should look at the current stock, future demand, and import policy to fulfil domestic needs. PIDE has developed a brief to provide a comprehensive plan to ensure the supply of wheat on market prices.

Suggested Citation

  • Abdul Jalil & Fahd Zulfiqar & Muhammad Aqeel Anwar & Nasir Iqbal & Saud Ahmed Khan, 2023. "Wheat Support Price: A Note for Policymakers (Policy)," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 62(1), pages 115-124.
    • Handle: RePEc:pid:journl:v:62:y:2023:i:1:p:115-124
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    File URL: https://file.pide.org.pk/pdfpdr/2023/115-124.pdf
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    References listed on IDEAS

    as
    1. Muhammad Aamir Shahzad & Amar Razzaq & Ping Qing, 2019. "On The Wheat Price Support Policy in Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 1(3), pages 80-86.
    2. Paul Dorosh & Abdul Salam, 2008. "Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(1), pages 71-87.
    3. Ejaz Ghani, 1998. "The Wheat Pricing Policies in Pakistan: Some Alternative Options," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(2), pages 149-166.
    Full references (including those not matched with items on IDEAS)

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