Tag: Surplus

Govt plan to export surplus wheat this year

| | No Comments

STAFF REPORT ISB: Pakistan has surplus wheat and presently is looking for markets to export the surplus commodity as the country is potentially expecting a bumper crop this year. He expressed hope that the wheat output target will be achieved. Bosan said that "In the global market prices of wheat and rice are decreasing while in Pakistan prices of wheat and rice are high because our cost of production is high in the country," said Federal Minister for National Food Security…Read More

Wheat crop to be surplus this year

| | No Comments

article image Bosan said that after the gap of four years, the meeting was held with participation by representatives from all the four provinces, G-B and AJK. He said that the upcoming wheat crop is expected to be over the national target. He said due to good crop, the country is expected to have surplus wheat this year. On the potato crop, he mentioned that the total production is expected to be over 2.7 million tons. He said that the total national consumption of potato is 1.7 million tons and…Read More

Food security under threat despite surplus food

| | No Comments

article image STAFF REPORT LHR: Despite Pakistan is enjoying surplus crops especially of wheat and rice, the food security seems extremely chaotic, as high inflation, declining income, unequal distribution of resources and stagnating domestic productivity are hampering attempts to achieve food security. Experts are critically examining this situation hurling a caution that the country’s food security is under threat due to the shallow approach of the economic managers. "There is a…Read More

Surplus wheat management

| | No Comments

IT IS highly positive to note that Pakistan has surplus stocks of wheat but the government’s decision to enhance wheat support price from Rs 950 to Rs 1050 has put the government in trouble as it will be requiring about Rs 6.045 billion as subsidy to offload available one million tons surplus stock. The critical situation has hit the government as the price of local wheat in the international market had slashed from $345 per ton to $296 per ton thus making it virtually unviable to export it…Read More

Passco paying high financing cost of surplus wheat stocks

| | No Comments

article image STAFF REPORT IBD: The Pakistan Agricultural Storage and Services Corporation Limited (Passco) is reportedly paying Rs 13.4 million per day as financing cost on surplus wheat stocks procured at an inflated price as compared to international prices, sources said.Passco argues that early disposal of one million tons of surplus wheat will not only forestall deterioration in the quality of stocks but burden of Rs 4,889.18 per ton on account of storage/financial cost for next year would be eliminated…Read More