Pakistan ships corn at record pace

Published 2024년 2월 2일

Tridge summary

Pakistan is expected to hit a record high in corn exports, with projections reaching 1.5 million tons in 2023/24. This surge is attributed to a surplus from a bumper crop and decreased domestic demand. The primary export destinations include Vietnam, Malaysia, and Sri Lanka. The rupee's devaluation has resulted in competitive pricing, although exports are slowing down due to the depletion of the high-quality, low moisture spring crop stocks.
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 projected to reach 1.5 million tons in 2023/24. A bumper crop and lower domestic demand have resulted in a surplus, according to the USDA. Vietnam, Malaysia and Sri Lanka are the main export destinations. The devaluation of the rupee has contributed to competitive prices. However, USDA notes that exports have begun to slow because most ...

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