Pakistan's Wheat Import Decision May Not Lower Prices Amid Ongoing Shortage

The Pakistani government's decision to import 750,000 tonnes of wheat through the Trading Corporation of Pakistan (TCP) may not lead to a significant drop in wheat prices, according to millers and traders.

However, the move is expected to prevent any further escalation in prices. The TCP recently opened a tender for the import, which received offers totaling 656,000 tonnes from nine international companies, with prices ranging from $348.83 to $369.95 per tonne.

Muzammil Rauf Chappal, founder and chairman of the Cereal Association of Pakistan (CAP), emphasized that allowing private sector imports would increase supply, improve market availability, and help ease price pressures, ultimately providing relief to consumers.