Food Policy and Market Developments

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11/11/2020
On 26 October 2020, the Economic Coordination Committee (ECC) fixed the minimum support price (MSP) for the 2020/21 wheat crop at PKR 1 600 (USD 10) per 40 kg, 15 percent above the [...]
22/10/2020
On 16 October 2020, the Government suspended the tariffs on imports of soybeans, soy meals and soy oils until 15 January 2021 and on imports of maize grain until 31 [...]
22/09/2020
On 21 September 2020, the Government approved the increase in the Minimum Support Prices (MSP) for the 2021 winter “Rabi” crops, to be planted from October. The MSP for wheat, [...]
21/09/2020
On 17 September 2020, the Ministry of Agriculture revised the price of maize grain that the Agricultural Development and Marketing Corporation (ADMARC), the Government’s parastatal that procures and distributes grain, [...]
18/09/2020
On 17 September 2020, the National Development and Reform Commission (NDRC) announced the 2021 low Tariff Rate Quotas (TRQ) for wheat, maize and rice. The TRQ was set at 9.6 [...]
14/09/2020
On 9 September 2020, the Government suspended tariffs on imports of rice until 31 December this year. The temporary suspension is restricted to a quota of 400 000 tonnes of [...]
01/09/2020
The Islamic Republic of Iran Customs Administration (IRICA) postponed for the second time this year’s seasonal ban on rice imports, which is currently scheduled to come into effect from 22 [...]
24/08/2020
On 17 August 2020, the Ministry of Economic Development, Trade and Agriculture signed an annex to the grain memorandum with traders, agreeing on the export of a maximum of 17.5 [...]
24/08/2020
On 31 July 2020, the Government increased the floor price for the 2020/21 first and second season paddy crops. The price was fixed at MMK 520 000 per 100 baskets [...]
06/07/2020
On 3 July, the Government of Punjab approved the release of 900 000 tonnes of wheat to flour millers at PKR 1475 per maund (about 40 kg) and the retail [...]