Govt may opt for wheat export this year

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STAFF REPORT IBD: The government estimates wheat production amounting to 24.02 million tons this year fairly sufficing to the countrys annual requirement of less than 24 million tons, an official told this scribe.
However, he informed that there is no risk of shortage of the commodity in the country as the sufficient stock of carry forward is available collectively with the provincial and federal governments.
Federal Secretary Shafaqt Hussain Naghmi said in this regards, this year the entire wheat production of the country is yet to be estimated, however, in Punjab wheat production is estimated around 18 million tons and waiting for other provinces assessments.
Muhammad Ibrahim Mughal, Chairman of Agri Forum Pakistan, was of the view that wheat production target is set at 25 million tons for this year but the output could be around 23 to 23.5 million tons.
He said the country had 4 million tons of carry forward stocks and demanded of the government to allow 1.5 million tons wheat export to Iran from fresh stock under the barter trade system and in return get petroleum products.
It may be recalled that after the due process of devolution the provinces were allowed to lift the wheat to maintain strategic reserves.


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