Pakistan: Pakistan Announces Subsidy for Wheat Exports
The Government of Pakistan has approved an export subsidy to facilitate the export of 1.2 million tons of wheat from government-held stocks. The total subsidy budget is $60 million and covers a set subsidy of $55 per ton for wheat from Punjab and $45 per ton for wheat from Sindh. Given the high purchase price of wheat held in government stocks and the recent decline in global wheat prices, the prospects for additional exports appear dim at current subsidy levels.
Pakistan: Pakistan Announces Subsidy for Wheat Exports