Pakistan: Govt removes support price for wheat on IMF demand
The Pakistani government has abandoned its policy of setting a support price for wheat, fulfilling another condition set by the International Monetary Fund (IMF), sources have confirmed.
The government traditionally announces a support price for wheat at the start of the sowing season each year to guarantee farmers a minimum price for their crop.
However, for the first time, no support price has been announced despite the completion of the wheat sowing season.
Sources indicate the IMF had previously instructed the government to refrain from setting support prices for both sugarcane and wheat.
The IMF opposes government intervention in setting prices for agricultural commodities, advocating instead for a free market mechanism to determine prices. The support price policy had previously served to ensure farmers received a minimum price for their wheat harvest.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
2026-2030 Economic Outlook: New Business Architecture
Competition and Biofuel Demand Are Transforming the Global Oilseed Market
China uses strategic sulphur reserves as a tactical buffer amid fertilizer supply ...
Rainfall disrupts Brazil’s soybean harvest, but output remains record-high
Egypt, Algeria and Indonesia are the leaders among buyers of Ukrainian wheat
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon