Pakistani importers cancel some wheat import deals: trade

HAMBURG: Private importers in Pakistan have cancelled some wheat import contracts during the past few days because local demand was not as strong as previously expected, European traders said on Thursday.

The volume cancelled was unclear. One trader said three shipments were involved, totalling about 150,000 tonnes from various regions.

"The cancellations took place in the last 12 days," a trader said. "I think demand in the local economy has not been as firm as forecast."

Pakistani importers made a series of wheat import purchases this summer following a disappointing local harvest.

Traders said they did not expect major new Pakistani wheat purchases until January 2015.