Pakistan floods and wheat ban drive poultry feed prices up

PKR 7,450 ($26.43) during the last 45 days, City41, a local news outlet, has revealed, citing local farmers. In August, Pakistan was hit by a flood that has already been recognised as the world’s deadliest since the 2020 South Asian floods and described as the worst in the country’s history. The flood has destroyed harvests, inundating millions of acres of farmland and damaging major crops like rice, cotton, and maize. In early September, the Punjab province, in response to the damage caused by the flooding, imposed a 30-day ban on the use of wheat in feed mills to ensure a consistent supply of wheat for human consumption, which faced a potential shortage due to a reduced harvest and increased prices. The decision has led to a significant supply disruption in the feed industry. At the time of the ban, feed mills in Punjab held around 104,184 tonnes of wheat. According to the Secretary of Price Control, these stocks were being earmarked for poultry feed. As a result of the ban, ...