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First wheat import contract awarded
Pakistan Press International, January 18, 2004
A Karachi-based trading company has been given a contract to import wheat at $224.75 a ton from any source except India, The successful bidder M/s Tradesmen International was one of the seven companies that had applied on December 24 for import of 150,000 tons of medium hard milling wheat in bulk. As an afterthought, Passco the agency assigned to import wheat incorporated soft white wheat to accommodate US from where wheat is available under GSM credit. The successful bidder indicated 25,000 tons of wheat to be imported from the US or Australia.
At $224 a ton, the imported wheat from the US or Australia will cost anywhere up to Rs14,000 a ton or Rs14 a kilogramme, market analysts say. If this wheat is distributed directly from Port Qasim in Karachi to local flour mills and those located in the interior of province the transportation cost will be least and after accounting for grinding charges the retail price of flour from this imported wheat would be about Rs14.75 to Rs15 a kilogramme.
MGR Archive 20.1.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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