Pakistan's corn exports hit record

Published 2024년 2월 2일

Tridge summary

Pakistan is expected to hit a record high in corn exports, reaching 1.5 million tonnes in 2023/24, as per USDA's prediction. This surge is attributed to a surplus from a successful harvest and decreased domestic demand. The primary export markets are Vietnam, Malaysia, and Sri Lanka, with the rupee's devaluation making prices more competitive. However, a slowdown in exports is anticipated as the majority of the high-quality, low-moisture spring crop has already been exported.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pakistan is experiencing a record year for corn exports, which are forecast to reach 1.5 million tonnes in 2023/24. A bountiful harvest and lower domestic demand led to the surplus, the USDA said. The main export destinations are Vietnam, Malaysia and Sri Lanka. The devaluation of the rupee has contributed to competitive prices. However, USDA notes that exports have begun to ...
Source: Zol

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