Food Policy and Market Developments

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13/03/2020
On 12 March, the Economic Coordination Committee (ECC) fixed the minimum support price of wheat, which was increased, in line with recommendations of the Wheat Review Committee, to PKR 1 [...]
12/03/2020
On 4 March, the Government announced further adjustments to the export tax regime through Decree 230/2020, after a revision already implemented in December 2019 (FPMA Food Policies), which saw export [...]
09/03/2020
On 28 February, the Government raised the Minimum Purchasing Price (MPP) for early Indica rice from last year’s price of CNY 2 400 per tonne to CNY 2420 per tonne [...]
02/03/2020
On 17 February, the Government published the new minimum guarantee prices for all wheat grain varieties and wheat seeds for the 2020/21 (July/June) agricultural season. Prices were increased by 6.95 [...]
17/02/2020
Prices of the key food staple, maize meal, continued to generally increase in December and were at exceptionally high levels. The elevated prices mostly result from sustained currency weakness and [...]
14/02/2020
Procurement of the 2020 main “Maha” paddy rice crop has recently commenced. The Government set the minimum guaranteed price at LKR 50 per kg (USD 276 per tonne) for rice [...]
13/02/2020
Consumer prices rose by 14.6 percent year on year in January, the highest annual rate since December 2010. The high inflation rate was mainly driven by the significant increases in [...]
07/01/2020
On 24 December 2019, the Government announced the suspension of the 35 percent import duty on soft wheat, set in September last year (FPMA Food Policies), from 2 January to [...]
18/12/2019
On 14 December, the Government eliminated the export tax limit of ARS 4 per USD 1 of export value for a number of commodities, including wheat, maize, sorghum and barley, [...]
16/12/2019
Amid rising food prices, the Government temporarily reduced the import tax for imported wheat flour from LKR 36 per kg to LKR 8 per kg, effective from 14 December. In [...]
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