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Pakistan considering to Export surplus Wheat
ISLAMABAD: Government is considering to export wheat as Punjab godowns, having more than three million tons as carry over stock lack space to store fresh crop.

Official sources said Punjab has surplus wheat in this part of the year which is keeping price of this basic commodity at reasonable level, otherwise hoarders and profiteers would have exploited the situation to their gains.

There is no option but to export it, the sources said as fresh crop from Sindh will start arriving in the market in the middle of March.

Punjab Crop

The Punjab crop will be harvested by the end of April and May, almost two months away which requires storage space.

Official sources said Pakistan is expected bumper wheat crop for the second consecutive year. It harvested an estimated 21.56 million tons last year against the domestic requirement of 20. 8 million tons. In addition to it the government is also maintaining strategic reserves.

This year projected wheat target is 22 million tons which is expected to be achieved if the present favourable conditions continued which will enable the country to export this commodity next year also, the sources said. Four years back Pakistan had enjoyed the status of wheat exporting country. •
MGR Archive 26.2.2006
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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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