Pakistan: Grain and Feed Update
Pakistan’s did not renew the 2018 subsidy on wheat exports, announced earlier this year ($159 per metric ton), that expired on June 30. Pakistan exported about 500,000 tons of wheat during the current marketing year (May 2018/April 2019), excluding Afghanistan. Pakistan’s rice production forecast for MY 2018/19 is unchanged at 7.4 MMT. Pakistan has exported 3.4 MMT of rice during the current marketing year (MY17/18), and exports are expected to reach at 4.3 MMT by the conclusion of the marketing year. FAS Islamabad forecasts no changes in the PSD estimates for both wheat and rice.
Pakistan: Grain and Feed Update