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The Government of Pakistan procured 5.0 million metric tons of wheat from the recently concluded harvest, well below the 6.2 million ton target.
Pakistan’s soon-to-be harvested 2015/16 wheat crop is forecast at 25.5 million tons, unchanged from the revised 2014/15 record production estimate.
A higher support price, adequate irrigation, and low cotton prices have combined to encourage farmers to plant their wheat in a timely manner for the upcoming 2014/15 Rabi (winter) season.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
For the fifth consecutive year, flooding is occurring in Pakistan as crops are ready for harvest.