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Pakistan

Pakistan has sold around 750,000 tonnes of wheat for export

DUBAI: Pakistan has sold around 750,000 tonnes of wheat ready for export with a price range of around $188 to $200 a
Published February 17, 2018 Updated February 17, 2018 08:46am

DUBAI: Pakistan has sold around 750,000 tonnes of wheat ready for export with a price range of around $188 to $200 a tonne, free-on-board, grain exporter Seatrade group said on Saturday.

"Some of the wheat is being sold as milling wheat and other as feed .... Some is going by road to Afghanistan," Tayub Rafiq Balagamwala, director of corporate affairs told an industry event in Dubai.

Pakistan has been hardly visible in wheat export markets in past years with its main sales going to Afghanistan.

A bumper crop last year and large stocks led the Pakistani government to introduce a new export subsidy scheme in January which has led to a series of large export sales in the past month.

Copyright Reuters, 2018

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