Ministry Finalizes Proposal for Wheat Support Price, Sends to Commerce Ministry for Cabinet Review
Summary
The Ministry of Agriculture and Livestock Development has proposed a new support price for wheat after a detailed cost study, forwarding it to the Ministry of Industry, Commerce and Supplies for cabinet review.
Key Points
- The Ministry of Agriculture and Livestock Development completed the procedure to set this year's wheat support price.
- A study was conducted in ten districts to analyze the cost of wheat production including seeds, fertilizers, labor, and inflation.
- The proposed minimum support price is based on the production cost and has been sent to the Ministry of Industry, Commerce and Supplies.
- The final wheat support price will be set by the Council of Ministers and announced officially, with purchases managed through the Food Management and Trading Company Limited.