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Pakistan Bans Wheat Imports from India, Israel, and Sanctioned Nations Amid Flour Price Surge

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Pakistan Bans Wheat Imports from India, Israel, and Sanctioned Nations Amid Flour Price Surge

(CTN News) – Pakistan has implemented a prohibition on the importation of wheat from India and Israel. Additionally, the item will not be imported from Cuba, Iran, Syria, North Korea, or the Ukraine territories under Russia’s control.

Pakistan has made it a requirement for international trading organizations that they refrain from supplying wheat that originates from India and Israel. Additionally, the wheat supply has been prohibited from countries subject to international sanctions. These countries include Cuba, Iran, North Korea, and Syria.

It has been stated in a document that wheat would not be purchased from the parts of Ukraine that are under the control of Russia, as well as from Crimea.

In the meantime, the moisture content of wheat in a tender for the purchase of 110,000 metric tons of the commodity has been set at 14.5%, and the presence of other items, including soil, will not exceed 1%. The tender is for the procurement of the commodity.

Between February 12 and February 12, wheat will begin arriving in Gwadar or at the Karachi port on two ships.

Wheat

The Trading Corporation of Pakistan (TCP) made a recent international offer to acquire and import 110,000 metric tons of wheat, as reported by European traders.

The 27th of December is the deadline for submitting price offers in response to this opportunity. One of the requirements is that the wheat must come from the most recent harvest.

It is requested that the shipment be made in 2024, with consignments of at least 50,000 tons, and that it be done in two separate periods between January 10 and January 17 and 22. Before the 12th of February in 2024, the wheat must have arrived in Pakistan.

One of the options available to the TCP is to purchase 10% more or 10% less than the tender volume. In order to address the issue of rising flour costs, traders believe that Pakistan, which is now experiencing financial difficulties, has a considerable import requirement.

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