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Conditions for export of wheat by-products announced |
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May 3, 2010, 06:36:33 AM |
ISLAMABAD: The Ministry of Commerce (MoC) has announced the procedures and conditions required for export of wheat by-products (atta, maida and suji) with immediate effect. According to a MoC statement issued on Friday the export shall be limited to a cumulative ceiling of 200,000 metric tonnes (MT), and an individual exporter could export a minimum quantity of 50 MT and maximum of 500 MT per contract. The procedures further elaborate that the export shall be made after prior registration of export contract with Trade Development Authority of Pakistan (TDAP) and the export shall be allowed only in dollar terms. The MoC had allowed export of wheat by-products-atta, suji and maida through issuance of SRO 571 (i) 2009 keeping in view the federal cabinet\'s decision. Federal cabinet, after analysing the wheat stock of the country, had approved 0.2 million wheat by-products to Afghanistan to meet its food requirements. With the announcement of procedures and conditions required for export of wheat products the exporters of the country would be able to start the process of exports of wheat by-products. Earlier, the federal government had postponed the decision on allowing wheat exports from the country till mid-July when the final production estimates would be available. The initial production estimates available with the government suggest wheat production at 23.7 million tonnes for 2008-09 and expectations are there that these estimates will increase to 24.5 million tonnes to 25 million tonnes this year when the final estimates will be available. Some 22 million tonnes wheat is required for national consumption, 1 million tonne for maintaining strategic reserves and it is expected that some 2 million tonnes of wheat will be available for exports during 2009-10. |
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