Surplus wheat production resulting in heavy losses; Govt should limit wheat cultivation: Business leader

ISLAMABAD, Oct 9 (INP) Surplus wheat production has become a perpetual problem resulting in losses to the tune of billions of rupees, therefore, the government should frame a new wheat export policy and try to reduce the area under cultivation for the wheat, a business leader said Monday.

The surplus wheat stocks with provinces and the federal government have reached a record high of nine million tonnes of which half is lying in the open on the mercy of the weather, said Atif Ikram Sheikh former President ICCI.