Pakistan’s wheat production target likely to dip by 1.7 mln tons

Published 2023년 3월 14일

Tridge summary

Pakistan is likely to fall short of its wheat production target for the current fiscal year by 1.7 million tonnes, with production expected to reach around 26.7 million tonnes, compared to the targeted 28.4 million tonnes. This shortfall is largely due to the adverse effects of climate change and the shift towards more profitable crop cultivation in Punjab, the country's largest wheat-producing region. The upcoming months also bring the risk of heavy rains and potential heatwaves, which could further impact wheat production. As a result, the government is faced with the necessity to import 3-3.5 million tonnes of wheat for the next fiscal year to meet domestic and Afghan demand, a move that will strain the country's already challenging dollar liquidity situation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pakistan is likely to miss the wheat production target by 1.7 million tonnes for the current fiscal year, reported The News International. Wheat production is likely to remain around 26.7 million tonnes as against the envisaged wheat production target of 28.4 million tonnes. Officials said on Friday that wheat production in Punjab is set to witness a major blow during the current fiscal year 2022-23, amid negative impacts of climate change as well as crop substitution, sowing other crops than wheat for profitability, reported The News International. Besides, there is a looming shortage of wheat in the next fiscal year as well and the government will have to count on the import of wheat in order to meet the domestic requirements of staple food. The import of wheat is going to witness an upsurge at a time when the country is facing the worst-ever dollar liquidity crunch. “There will be no other option but to import 3-3.5 million tonnes of wheat for the next fiscal year in order to ...

Source: Hellenic Shipping News