Ministry of National Food Security and Research has so far issued 288 wheat import permits to private sector importers for ensuring adequate and timely imports of the commodity in order to keep smooth demand and supply of grains and flour across the country
ISLAMABAD, (UrduPoint / Pakistan Point News – 20th Jul, 2020 ) :Ministry of National food Security and Research has so far issued 288 wheat import permits to private sector importers for ensuring adequate and timely imports of the commodity in order to keep smooth demand and supply of grains and flour across the country.
The import permits were issued in compliance of the decision of Economic Coordination Committee (ECC) of the Cabinet, whereas Department of Plant Protection has issued these permits for the import of wheat in two phases, said Food Security Commissioner in the Ministry of National Food Security and Research Dr Imtiaz Ahmed Gopang.
Talking to APP here on Monday, he said that for phase -I (out of 500,000 tons) Department of Plant Protection has issued import permits to 122 importers of the private sector for the quantity of 499,500 tons of wheat.
Meanwhile, for phase -II (out of 1,000,000 tons) it has issued import permits to166 importers of the private sector for the quantity of 514,346 tons, he added.
It has been informed by the importers that first shipment carrying about 66,000 tons of wheat will arrive in August, 2020 and second shipment of 70,000 tons is expected to be arrived in September, 2020, he added.
Highlighting the pricing trend of the commodity in international markets, Food Security Commissioner said that price of Black Sea Wheat was estimated at US$ 235 per ton including freight charges of US$ 30 per ton.
Giving the details of local wheat stocks, Dr Imtiaz said that about 26.059 million tons of wheat available for local consummation, adding that this year wheat output was estimated at 25.457 million tons with carry forward stocks of 0.602 million tons.
Meanwhile , Khyber Pakhtunkhwa has lifted about 55,218 tons of wheat from PASSCO’s stock by July 19, 2020 since their signing of Memorandum of Understanding with Pakistan Agriculture Storage and Service Corporation (PASSCO), he added.
He said that all the provinces were cooperating with each other to ensure smooth supply of the commodity in the country.