Why is Pakistan facing a wheat crisis again? - News Summed Up

Why is Pakistan facing a wheat crisis again?


The ban on wheat exports to Afghanistan was lifted again in October, though the ban on wheat flour was still in place. All of this ended with wheat prices skyrocketing, which triggered a committees formation to probe the reasons for the crisis. The estimated shortage increased from a million metric tonnes (MMT) in June to 1.5 MMT in July. A considerably high international wheat price stirred reluctance in the private sector to import more than 0.5 MMT. As a result, the Trading Corporation of Pakistan (TCP) was tasked to bridge the wheat import gap in August.


Source: The Express Tribune October 16, 2020 11:04 UTC



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