Pakistan government boosts wheat procurement

14.07.2017

The government of Pakistan procured 6.3 million tonnes of wheat from its recent harvest, lower than the 7.05-million-tonne target but still the largest procurement in at least five years, according to USDA GAIN report. Producers who receive the procurement price of USD 310 per tonne are among the better compensated wheat growers in the world.

With opening government stocks of 4.5 million tonnes on May 1, the government has 10.8 million tonnes at the start of the local marketing year. “The government shields producers from imports with a tariff of 60% on imports," the USDA said. While the government only procures about a quarter of the crop, the high procurement price supports the pricing of wheat that is marketed commercially.


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