The cabinet also approved sugar cane support price at Rs202 per 40kg and the crushing season would start from November.
The cabinet meeting was held under the chairmanship of Chief Minister Syed Murad Ali Shah here at CM House.
The meeting was attended by all provincial ministers, advisors, Chief Secretary Mumtaz Shah, provincial secretaries and other officers.
The first item on the agenda was the fixation of the support price of wheat and sugar cane. The cabinet members said that it was high time to fix the support price of wheat to encourage the growers for cultivating the key grain in great quantity.
They said that wheat had recently been imported from Ukraine which finally landed in the province at the rate of around Rs5,000 per 40kg though it was not of such good quality as was being grown here.
It was pointed out that the country was spending foreign exchange on the import of wheat but we were not ready to incentivize our growers so that they grow more wheat for local consumption and export.
The agriculture department told the cabinet that Punjab and Balochistan had proposed to fix maximum wheat procurement support price at Rs1,700 per 40kg while Khyber Pakhtunkhwa proposed Rs1,880 per 40kg.