Wheat Support Price: A Note For Policy Makers

Abdul Jalil, Fahd Zulfiqar, Muhammad Aqeel Anwar, Nasir Iqbal () and Saud Ahmed Khan
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Abdul Jalil: Pakistan Institute of Development Economics
Fahd Zulfiqar: Pakistan Institute of Development Economics
Muhammad Aqeel Anwar: Pakistan Institute of Development Economics
Saud Ahmed Khan: Pakistan Institute of Development Economics

No 2020:18, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: The main recommendation has been for a while and remains true that the government should withdraw from the market. This would mean: (i) start by setting indicative pricing and stand back from procurement; (ii) withdraw from storage over a period of 5 years as private capacity develops; (iii) over a period of 5 years, in a stepwise fashion, withdraw import and export controls; (iv) liberalize spot markets to allow entry and competition through dissolving DC led markets; & (v) develop rules and standards for commodity (forward and futures) markets in key areas as storage develops.

Keywords: Wheat; Support Price; Policy Makers (search for similar items in EconPapers)
Pages: 7 pages
Date: 2020
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