Pakistan Warned of Three Million-Ton Wheat Shortfall
Pakistan is bracing for a potential three million-ton wheat shortfall if the government fails to introduce a suitable support price for farmers, sparking concerns over the country's wheat production outlook.
The warning highlights growing challenges faced by farmers as they assess the profitability of cultivating wheat. Without adequate incentives, farmers may reduce wheat cultivation or shift towards alternative crops that offer better financial returns, potentially affecting national wheat production.
A significant decline in domestic wheat output could lead to increased imports to meet consumption requirements, putting additional pressure on foreign exchange reserves and exposing local food prices to international market fluctuations.