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Pakistan’s 2016/17 cotton production is forecast at 8.25 million 480 lb bales, up 250,000 bales from the previous estimate.
Pakistan has increased its effective import tariff on imports of milk powder and whey powder from 20 to 45 percent with the imposition of a 25 percent “regulatory duty.”
Pakistan has announced that 900,000 metric tons of wheat will be available for export with a subsidy of $120 per metric ton.
The Government of Pakistan has allowed the export of wheat on a government-to-government basis using the same export subsidy rates that were announced for private exporters in January 2015.
Pakistan’s sugar stocks are on the rise as several years of robust production have boosted stocks of sugar.
Pakistan’s soon-to-be harvested 2015/16 wheat crop is forecast at 25.5 million tons, unchanged from the revised 2014/15 record production estimate.
Pakistan’s 2015/16 cotton production is forecast at 10 million 480 lb bales, down slightly from the current year as yields are forecast lower than the near record level achieved in 2014.
Pakistan’s 2015/16 vegetable oil imports are forecast to be a record 2.8 million metric tons, up 12 percent from a year ago.