According to the PFMA, the international market price of wheat is $160-170 per ton, while in the domestic market of Pakistan – $190 tonnes per tonne. It is noted that earlier the government of Pakistan refused to subsidize wheat, however, set the support price, thus ignoring a substantial price difference, which is of concern to the millers. So, from February 2017 refineries of the country began to suffer significant losses in the export of wheat.
"Currently, wheat in Pakistan is sold at higher prices than on the international market. Many millers forced to close due to financial crisis," - said the Chairman of the Pakistani Association of flour millers Anser Javed Chaudhry.
According to Chairman of the PFMA, the government of Pakistan has not paid the promised RS 4 billion flour milling company that made the processors of the country uncompetitive in the global market. In this regard, the millers demanded to increase the price of export products of processing of wheat ground transport from $120 to $159 per ton.
Photo: informator.media
Translated by service "Yandex.Translation"