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A Pakistani business leader says surplus wheat stocks held by provinces and the federal government have reached a record 9 million tonnes, with half stored in the open. He says exports remain uneconomic because international prices are about half of local prices.
He calls for a new export policy and reduced wheat acreage.
Large unsold domestic stocks and weak export economics signal ample wheat supply in South Asia, which is bearish for regional wheat prices. Any policy shift toward exports could eventually add to world supply.
mettisglobal.newsMG News9 oct 2017Tras 122 eventos bajista de política pasados, Trigo (SRW) se movió una mediana de -0,3 % en 5 sesiones (44% al alza; mitad central entre -1,9 % y +1,2 %), y +0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
