Mumbai, 13 March (Commoditiescontrol): AS per Pakistan government officials, wheat production in Punjab is set to witness a significant blow during the current fiscal year 2022-23, amid negative impacts of climate change and crop substitution, sowing other crops than wheat for profitability.
He added that the wheat production is likely to remain around 26.7 million tonnes as against the envisaged wheat production target of 28.4 million tonnes.
Besides, there is a looming shortage of wheat in the next fiscal year, and the government will have to count on the import of wheat to meet the domestic requirements of staple food.
The import of wheat is going to witness an upsurge at a time when the country is facing the worst-ever dollar liquidity crunch.
"There will be no other option but to import 3-3.5 million tonnes of wheat for the next fiscal year to meet domestic and Afghanistan's requirements. This is more than the import target of 2.6 million tonnes of wheat for the current fiscal year," top official sources confirmed on Friday.
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