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Pakistani Defence Forum > Social Interaction > Economy Related Forum
platinum786
SINGAPORE: Pakistan, looking to export wheat for the first time in more than two years, is confident it will sell some of its surplus grain to India.

A revival in commodities trade between the two neighbours got a boost last year after Pakistan opened its door for Indian sugar for the first time in many years. And now with Pakistan gearing up to harvest a larger wheat crop than last year, Islamabad is hopeful that it might succeed in striking export sales to India, which is looking to import the grain for the first time in six years to rein in its domestic prices. “We will have exportable surplus this year and India is in need of wheat. We will also bid for it,” Fahim Akhtar Khan, managing director for the state-run Pakistan Agricultural Storage and Services Corporation Ltd, told Reuters in an interview.

The views of Khan found support from traders and analysts who said that India might consider buying from several countries. reuters

http://www.dailytimes.com.pk/default.asp?p...24-5-2006_pg7_9


If we had proper irrigation and modern farming methods we could make most of Sindh and Punjab and Balouchistan, even large parts of NWFP ariable land and have huge amounts of wheat to export, to China, a massive massive market!
umiqum
Exporting wheat will be driving domestic prices up. TCP will probably export the surplus to keep farmers' profit margin higher.
faz101
yes and at the same time it will mean that the pakistanis who do this deal will make a killing due to the high prices they'll get for the wheat in India. Not that bad a deal. helps both sides, especially us.
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