Pakistan: Grain and Feed Update

The Government of Pakistan procured 6.0 million metric tons (MMT) of wheat from the recently concluded wheat harvest, significantly lower than the 7.05 MMT target announced prior to the onset of harvest, but 1.0 MMT higher than a year ago. At this point, Pakistan is effectively cut off from the international wheat market as high procurement prices make exports uncompetitive and a high tariff prevents imports. Pakistan is maintaining a steady momentum of rice exports and has so far exported around 3.1 MMT during the current marketing year. Pakistan’s rice export forecast for MY 2015/16 is revised upward from 4.2 to 4.4 MMT. PSD estimates for corn remains unchanged from previous reporting.

Pakistan: Grain and Feed Update