pakistan wheat
Pakistani farmers harvest wheat in suburbs of Hyderabad, Pakistan on Wednesday, April 6, 2011. - Photo by AP.

ISLAMABAD: Pakistan is expected to produce at least 25 million tonnes of wheat in its 2010/11 crop, Finance Minister Hafiz Shaikh said on Friday, higher than the initial estimate.

“We are expecting that our wheat crop this year will cross 25 million tonnes,” he told reporters.

Industry officials had earlier feared the output would fall to 23.5 million tonnes against a target 25 million tonnes, after a decline in the area under wheat cultivation because of massive floods in 2010 and fertiliser shortages.

A food ministry official said good output was expected because of increased fertility in wheat-growing areas after the floods.

Pakistan produced a bumper crop of 23.8 million tonnes of wheat last year. The country consumes about 22 million tonnes a year. Harvesting of the 2010/11 crop is underway.

Asia's third-largest wheat producer, Pakistan resumed wheat exports in January for the first time in three years after the government lifted a ban in December.

The three-year ban was lifted when the 2009/10 crop and carryover from the previous stocks led to market surplus.

Traders earlier hoped to export up to three million tones of wheat this year, but the quantity may now exceed that following new wheat output estimates.

The country had already exported or contracted to sell about 1.5 million tonnes of wheat so far.


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Comments (2) (Closed)


sikandar ali
Apr 09, 2011 04:09pm
no matter how many millions tons we produce, the scarcity will remain in Pakistan. Since it is not only Pakistan who depends on the wheat produce in Pakistan, Afghanistan, Iran also buy it from Pakistan. It is lucrative price that compells traders, merchants, businessmen, bureaucrats, and politicians to deal with these countries before the demands at home are met. Alot of those people mentioned above are not easily convinced by price only, it is sometimes humanity, philanthropic idealism, brotherhood, neighbourhood, and Muslimhood are other four main attractive segments to consider. However, there are many who consider the home requirements first. I hope these many will use power and will controll the prices in Pakistan. Clearly there are few things they should make easily available and cheap for people of pakistan; such as, wheat flour, ordinary rice, pulses, vegetables, bananas and oranges, and oil and sugar. If they really want to earn from other things I welcome such approach, but please provide obove mentioned things cheaper. Some may think it is not possible, but I will ask a single question: Why the prices of cigarettes are cheap? Despite they are killler, cigarettes are easily and inexpensively available. On the other hand, the necessary things mentioned in above paragraph are not easily available and inexpensive. Clearly, they are good for people, so anything good for people will not be easy to obtain. Is this your answer? please the authority that runs the country should give the answer
Armagan
Apr 09, 2011 05:26pm
cigarettes are cheap because the manufacturers want to hook their fangs into new customers (the customers end up dying) so they need a regular fresh supply of customers. greater yields in Pakistan are needed to bring down prices of such essential commodities. The state has to balance the domestic prices with the pressing need to earn foreign exchange. So although painful its not an easy or simple decision to make.