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Wheat Support Price: A Note For Policy Makers

Author

Listed:
  • Abdul Jalil

    (Pakistan Institute of Development Economics)

  • Fahd Zulfiqar

    (Pakistan Institute of Development Economics)

  • Muhammad Aqeel Anwar

    (Pakistan Institute of Development Economics)

  • Nasir Iqbal

    (Pakistan Institute of Development Economics)

  • Saud Ahmed Khan

    (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.

Suggested Citation

  • Abdul Jalil & Fahd Zulfiqar & Muhammad Aqeel Anwar & Nasir Iqbal & Saud Ahmed Khan, 2020. "Wheat Support Price: A Note For Policy Makers," PIDE Knowledge Brief 2020:18, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:kbrief:2020:18
    as

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    References listed on IDEAS

    as
    1. Muhammad Aamir Shahzad & Amar Razzaq & Ping Qing, 2019. "On The Wheat Price Support Policy in Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 1(3), pages 80-86.
    2. Paul Dorosh & Abdul Salam, 2008. "Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(1), pages 71-87.
    3. Mohsin S. Khan & Axel Schimmelpfennig, 2006. "Inflation in Pakistan: Money or Wheat?," SBP Research Bulletin, State Bank of Pakistan, Research Department, vol. 2, pages 213-234..
    4. Ejaz Ghani, 1998. "The Wheat Pricing Policies in Pakistan: Some Alternative Options," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(2), pages 149-166.
    Full references (including those not matched with items on IDEAS)

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