Pakistan: Grain and Feed Update

Pakistan’s 2018/19 wheat production is estimated at 26.3 million metric tons (MMT), 800,000 tons higher than current USDA estimate. Federal and provincial governments procured 5.9 MMT, which, while slightly below target, leaves the government with 10.6 MMT of wheat stocks at the start of the marketing year, one of the highest stock levels ever. Continuing devaluation of Pakistani rupee against dollar is making Pakistani rice more competitive in the world markets. Pakistan has so far exported 3 MMT of rice during the current marketing year and is now expected to export a record 4.3 MMT during 2017/18.

Pakistan: Grain and Feed Update