Wheat Price February 2021:
Pakistan grain market wheat price is updated on daily basis. Wheat is of fundamental nutritional value because the food of more than one-third of the world’s population depends on wheat. According to the US Agency for Agriculture, the total production of wheat in the world in the year 2019-20 was about 760 million tons, which was obtained from a crop grown on an area of about 540 million acres.
In the year 2019-20, wheat was cultivated in Pakistan on an area of about 21.8 million acres which resulted in a total production of 25.5 million tons. The average yield of Pakistan remained about 31 maunds per acre which is less than half of the production capacity.
Wheat price is revised every year by the Government of Pakistan upon the desire of farmers. Farmers demands the rate at which his profitability is at least at par. Wheat cultivation cost is increasing day by day due to the inflation rate. The cost of inputs like fertilizers and electricity has significantly increased. This year 2021 farmers had demanded to set the wheat price minimum at Rs. 2,000 per 40kg. Government of Pakistan has decided to set minimum