The Ministry of Commerce has advised the Ministry of National Food Security and Research that they should not import additional wheat during the span of March-April 2021.
As per the shared details, according to the commerce ministry, any additional arrival of imported wheat in March-April 2021, when local wheat would be available in Pakistan, should be avoided as it would create an imbalance with support price and discourage local farmers.
The MoC stated that decisions in the matter may be taken after detailed consideration of the supply and demand position, the number of local crops, and price differential.
According to sources, the government has approximated the arrival of 2.15 million metric tonnes of wheat by March-April 2021, which is already sufficient and does not allow accommodating additional demand.
“Additional wheat may tentatively arrive by April 2021 at the earliest (if all goes well), when indigenous wheat shall also be available in the market and provincial governments would be buying it at the support price. Therefore, there is a possibility that recipient agencies would refuse the imported wheat in April-May 2021, as recently happened in the case of procurement/import of sugar,” a source privy to the development said.
The ECC, in its meeting held on Wednesday, had delayed the plan to import additional wheat till the next meeting after input from the commerce ministry.
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