Pakistan: Over 4.535 mln tons wheat available for local consumption

Published Mar 22, 2024

Tridge summary

As of mid-March 2024, the country's wheat stocks are over 4.535 million metric tons, enough to meet local needs and maintain market balance. The stocks are expected to last until new crops arrive, aiding in price stabilization. The government has also promoted wheat importation by the private sector, with 2.855 million metric tons imported to date. Wheat cultivation during the current Rabi season has exceeded expectations, with over 22.81 million acres of land sown, surpassing the target by 102.67%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The wheat stocks of the country by the middle of the current month (March) 2024 were recorded at over 4.535 million metric tons, which is sufficient to tackle the local dietary needs. Besides these reserves were enough for keeping the strategic stocks as well as maintaining supply and demand at the smooth level in local markets till the arrival of new crops as well as to ensure the price stabilization of the commodity, said Imtiaz Ahmad Gopang Food Security Commissioner of the Ministry of National Food Security and Research. Talking to APP on Thursday, he said that out of the total stocks, the carry forward of the grains was recorded at 1.610 million metric tons, whereas the government had procured about 5.998 million metric tons during last year’s wheat procurement drive. Meanwhile, the wheat reserves in Punjab province comprised over 2.405 million tons, Sindh has 520,799 metric tons, whereas Khyber Pakhtunkhwa has 133,065 metric tons of grains that were enough to meet local ...

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