Traders protest wheat support price hike

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Wheat Traders Association of Pakistan (WTAP) has protested against export cost for Pakistani wheat, which stands at over $305 per metric tonne (FOB Karachi). “The current increase in the support price would further increase this cost,” said secretary WTAP Saleem Ahmed in a statement. It is to be noted that India and black sea prices consisting of Russian and Ukrainian origin are at around $240 to $260 per MT which has made Pakistani export not only difficult but nearly impossible in international market. “The wheat exporters have painstakingly built-up export markets in the recent past which now would be lost to our competitors,” secretary noted with concern. Ahmed requested government to seriously look at ways to decrease the input cost to farmers so that wheat could be produced and exported at competitive prices as both farmers and exporters had a tremendous potential of producing bumper wheat crops. “This will also ensure affordable prices to our countrymen,” he said.