ISLAMABAD: Sufficient wheat and sugar stocks (as on December 2, 2012) of over 7.1 million tones and 1.26 million tones respectively available with the government reserves for domestic consumption.
The wheat and sugar stocks during corresponding period of last year were recorded at 7.891 million tones and 0.775 million tones respectively, official sources said.
The marketing year of wheat starts from May and continue till April and up to beginning of December 2012, about 7.1 million tones of wheat stock was available in the government stores.
The sources informed that as on December 2012, Punjab possessed total wheat stock of 3.369 million tones, while it had 4.495 million wheat stock during same period of last year.
Similarly Sindh, Khyber Pakhtunkhwa and Balochistan have 1.014, 0.348 and 0.165 million tones respectively of wheat stock against 1.044, 0.285 and 0.125 million tones during corresponding period of last year.
Pakistan Agricultural Storage and Services Corporation (PASSCO) possessed about 2.206 million tones against 1.942 million tones during last year, the sources added.
Elaborating on sugar stock in the country, the sources informed that the provinces retain 0.953 million tones (as on December 6, 2012) as against 0.65 million tones of sugar on December 8, 2011.
Similarly, Trading Corporation of Pakistan (TCP) possessed sugar stock of about 0.307 million tones whereas during corresponding period of last year the TCP had stock of 0.125 million tones.
According to the sources the country was in comfortable position in terms of wheat and sugar production and consumption due to bumper crops achieved during last years.
They informed during the year 2010-11 about 25.21 million tones wheat was produced while in 2011-12 the total output of the wheat was recorded at 24 million tones and in 2011-12 it was recorded at 23.34 million tones.
Up to May 1, 2012 about 3.51 million tones of wheat carry forward stock was available in addition to about 23.34 million tones of current year's production, which mounted the local out put to over 27 million tones against the domestic consumption of 25 million tones, the sources added.
The current wheat marketing year is likely to end with 2 million tones of wheat surplus which enables the country to export the commodity and fetch foreign exchange for the country.
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