Get Out of Dodge!

From the Daily Times

ISLAMABAD: In neighboring countries prices of wheat are ranging from Rs750 to Rs 900 per 40 kg, which may result in increase of smuggling of Pakistani wheat to India, Afghanistan and the Central Asia Republics.

Owing to open trade policy and the new government rates (Rs625/40kg), the investors, hoarders and profiteers will purchase maximum quantity of wheat at higher rate, during current procurement season, to get windfall profit a later stage. Large quantity of wheat will also be utilised in poultry and cattle field in place of maize and broken rice, being cheaper in price, which will further aggravate the position.

Technorati Tags: wheat, famine

This entry was posted on Monday, March 31st, 2008 at 5:41 pm and is filed under Agriculture. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.