MirBadshah
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First Time After 1950s: Wheat Export To India To Restart This Week, India is reportedly facing acute shortage of wheat
KARACHI (April 11 2007): After a long gap of almost half a century, Pakistan will be exporting wheat to India from this week. The Indian traders have approached Pakistan's wheat exporters, as India is reportedly facing acute shortage of wheat, of nearly 5 million tons, traders here told Business Recorder on Tuesday.
"We were approached by some Indian traders in March. They said they wanted to purchase Pakistani wheat, which is being offered at an attractive price, as far as quality is concerned," said a trader.
He said that India is currently facing at least 5 million tons wheat shortage and this wide gap has to be filled through imports. He said that after discussion with Indian importers, a deal of 3,000 tons wheat export to India was finalised, after almost 50 years' gap, as last time when Pakistan had exported wheat to India was in mid-1950s.
Later, a virus, namely 'Karnal Bhand' became a major hurdle in wheat import or exports between the two neighbouring countries. However, now, after 1950s, wheat export to India will be resumed as the first shipment of the commodity would sail to India in the second week of April, he said.
Wheat export deal with Indian importer has been finalised by a Karachi based exporter at the average rate of $218 fob per ton. The wheat would be exported via sea, in containers, which would be loaded from Karachi port and Bin Qasim port and would reach two different ports of India Kandla, he added.
Around 125 containers of wheat would be shipped to India during next one week and first shipment of 45 containers would sail in next two or three days, which would reached India within 24 hours.
India imported around 6 million tons wheat last year, and in the current year it is expected to import more than 5 million tons wheat, as shortfall in wheat production has been forecast there. "This would not be first and the last deal with India, and we are expecting more export orders from there," he said.
He said that indentors have received dozens of wheat import inquiries from Indian buyers and are trying to finalise deals with Pakistani traders. Before Indian wheat export order, Pakistan's exporters had finalised wheat export deals at the price of $215-220 per ton, mainly from Indonesia, Malaysia and Vietnam, in addition to a huge consignment of 0.125 million tons from Dubai, he said.
http://www.brecorder.com/index.php?id=5492...m=&supDate=
KARACHI (April 11 2007): After a long gap of almost half a century, Pakistan will be exporting wheat to India from this week. The Indian traders have approached Pakistan's wheat exporters, as India is reportedly facing acute shortage of wheat, of nearly 5 million tons, traders here told Business Recorder on Tuesday.
"We were approached by some Indian traders in March. They said they wanted to purchase Pakistani wheat, which is being offered at an attractive price, as far as quality is concerned," said a trader.
He said that India is currently facing at least 5 million tons wheat shortage and this wide gap has to be filled through imports. He said that after discussion with Indian importers, a deal of 3,000 tons wheat export to India was finalised, after almost 50 years' gap, as last time when Pakistan had exported wheat to India was in mid-1950s.
Later, a virus, namely 'Karnal Bhand' became a major hurdle in wheat import or exports between the two neighbouring countries. However, now, after 1950s, wheat export to India will be resumed as the first shipment of the commodity would sail to India in the second week of April, he said.
Wheat export deal with Indian importer has been finalised by a Karachi based exporter at the average rate of $218 fob per ton. The wheat would be exported via sea, in containers, which would be loaded from Karachi port and Bin Qasim port and would reach two different ports of India Kandla, he added.
Around 125 containers of wheat would be shipped to India during next one week and first shipment of 45 containers would sail in next two or three days, which would reached India within 24 hours.
India imported around 6 million tons wheat last year, and in the current year it is expected to import more than 5 million tons wheat, as shortfall in wheat production has been forecast there. "This would not be first and the last deal with India, and we are expecting more export orders from there," he said.
He said that indentors have received dozens of wheat import inquiries from Indian buyers and are trying to finalise deals with Pakistani traders. Before Indian wheat export order, Pakistan's exporters had finalised wheat export deals at the price of $215-220 per ton, mainly from Indonesia, Malaysia and Vietnam, in addition to a huge consignment of 0.125 million tons from Dubai, he said.
http://www.brecorder.com/index.php?id=5492...m=&supDate=