Tag Archives: Price

ECC rejects increase in wheat support price

ECC rejects increase in wheat support price

ISLAMABAD: The Economic Coordination Committee of the cabinet (ECC) on Friday rejected a proposal by the Ministry of Food and Agriculture and Livestock (MINFAL) seeking an increase of Rs 50 in next year’s wheat support price, retaining it at Rs 950 per 40 kilogrammes.
The meeting was convened on a demand by MINFAL and was chaired by Finance Minister Dr Abdul Hafeez Shaikh. The meeting also rejected MINFAL’s demand of seeking enhancement of Rabi relief package to Rs 6,100 per

India cotton farmers eye more price rise

AHMADABAD: Indian cotton farmers, salivating over the prospect of higher prices, are not releasing their entire harvested produce into the market, resulting in a shortage in a global market where the prices are already at record highs.
Arrivals were expected to rise from mid-October, but unseasonal rains over western states of Gujarat and Maharashtra, the top two producers in the country, have delayed harvesting. Jagannath Dharme, a farmer from Akola district in Maharashtra,