Wheat Support Price: A Note for Policymakers

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.