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Wheat support pricing or bad economics?

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article image By Ahmad Fraz KhanThe stated logic behind increasing wheat support price is the escalating cost of production. This growing cost is a reality but it constitutes one of the many variables that should determine the wheat price. Import and export parity, domestic consumption and projected requirement should also get equal weight in calculating price. But it has not been the case, as electoral politics overrides everything elseTHE ECONOMIC Coordination Committee of the Cabinet has recently increased…Read More