ECC enhances wheat support price to Rs1600
ISLAMABAD (City News) – Economic Coordination Committee (ECC) Monday increased the minimum wheat procurement price to 1,600 rupees per 40 kilogrammes.
According to sources, it has been decided to increase the minimum wheat support price from Rs1,400 to Rs1,600 per 40 kg – an increase of Rs200 or 14.3%.
It is pertinent to mention here that earlier, the ECC of the Cabinet constituted a committee to thoroughly evaluate the proposal for the increase in the Minimum Support Price (MSP) of wheat for the 2020-21 crops.
The committee was to prepare a proposal on subsidy on fertilizers, mainly DAP, which would be offered as a part of the package for the farmers so that their input cost is reasonable/reduced.