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Pakistan likely to export wheat to Bangladesh
LAHORE ,Pakistan is likely to sign a deal to supply Bangladesh with 100,000 tonnes of wheat at dollar 130 per tonne, an official from Pakistan Agriculture Storage and Supply Corporation (Passco) said.
While talking to PPI here on Friday, the official, who declined to be identified, said Pakistan was offering such a low price per tonne for the wheat in an effort to get a new market in Bangladesh, which traditionally buys its wheat from India.
Last two months back, the Passco sold 300,000 tonnes of milling wheat form the 2002 crop for export at Rs 8,625 (dollar 149.30) to seven local buyers.
But after the shipments are made, the Passco paid back the buyers a maximum of Rs 2,500 per tonne under the government's export refund policy.
To a question, he said as Pakistan had been self-sufficient in the said crop by attaining bumper crops in recent years, so by exporting it to different countries, it could help in climbing up its export target.
"Pakistan wheat is in high demand around the globe due to its quality, so it is expected that the country would capture the international wheat market in impending days," he added.
MGR Archive 1.7.2003
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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