Pakistan’s Wheat Reserves for Local Consumption Stand at Over 6.934m Tons

Fri Nov 03 2023
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ISLAMABAD: Pakistan’s wheat reserves by the start of November were recorded at over 6.934 million metric tons, which is sufficient to meet local dietary needs, besides keeping the strategic stocks as well as maintaining supply and demand smooth in local markets to provide the essential commodity at reasonable prices.

Out of the total stocks, Punjab’s wheat reserves comprised more than 4.021 million tons, Sindh has 0.817 million tons, whereas Khyber Pakhtunkhwa (KP) has 0.227 million tons of grains that were enough to meet local consumption of flour and other byproducts during the season, said a statement released by the Ministry of National Food Security and Research.

Baluchistan’s Wheat Reserves

Balochistan has 0.089 million tons of wheat, whereas the wheat stock of Pakistan Agriculture Storage and Supplies Corporation (PASSCO) was registered at 1.78 million tons, it added.

The statement said that these reserves are poised to meet the country’s vital needs till May 2024, and after this period, the start of the new crop harvest season will see an increase in grain availability in local markets, further bolstering the carry-forward stocks.

Meanwhile, the government has supported and encouraged the private sector to import wheat as so far, nearly 700,000 tons of wheat have been imported, whereas an additional 1.2 million tons of wheat are to be imported in order to ensure smooth demand and supply till the arrival of new crop.

It is to be noted that due to the smooth supply of wheat, the commodity rate in local markets came down from 4,800 rupees per 40 kg to 4,300 rupees per 40 kg, adding that it is likely that the wheat price would further reduce and facilitate the common man in the country.

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