Area harvested is almost at par with last year at an estimated 8.7 million hectares. The Government of Pakistan (GOP) raised the procurement price for the current year’s crop from Rs1050 per 40 kg ($292/ton) to Rs1200 per 40 Kg ($312/ton).
MY 2013/2014 wheat exports are estimated at 900,000 tons, assuming a favorable harvest and higher international prices.
In MY 2012/13, trade sources report that, apart from customary shipments to Afghanistan, there have not been any significant exports of Pakistani wheat since January 2013.
Consequently, Pakistan’s MY 2012/2013 wheat exports are adjusted downwards to 800,000 tons.
MY 2013/14 rice production is forecast at 6.2 million tons, three percent higher than last year’s crop.
Rice exports in MY 2013/14 will remain unchanged from MY 2012/13 at 3.2 million tons as competition from thirdcountries will remain high.
MY 2012/2013 rice production is lowered 13 percent to 6.0 million tons, due to greater-than-expected flood damage in Sindh and Baluchistan.
In MY 2012/13 exports are lowered 15 percent from 3.8 to 3.2 million tons due to the decrease in basmati production, strong competition from white rice exporting countries, and distortions in the export chain due to electricity and gas shortages. MY 2011/12 production is adjusted downwards to 6.2 million tons.
