Pakistan: Grain and Feed Update
Planting of the Rabi (winter) wheat crop is expected to get underway in a few weeks. Soil moisture was affected to some degree by the early withdrawal of the monsoon, but irrigation supplies are reportedly above average suggesting that area will be similar to a year ago. Federal approval for the wheat export subsidy expired in July and the subsidy was not large enough to attract commercial interest beyond ongoing shipments to Afghanistan. Pakistan’s wheat market is currently protected by a 40 percent import tariff. Rice exports have faded after the robust monthly volumes that started the marketing year, but, with two months to go, appear to be on pace to reach 4.0 million metric tons in 2014/15.
Pakistan: Grain and Feed Update
