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Govt contemplating importing cheaper wheat from Russia


The Economic Coordination Committee (ECC) on Friday determined to purchase wheat from Russia if they comply with the value of $390 per tonne, ARY News reported.

The ECC session led by Finance Minister Miftah Ismail determined to import wheat from Russia in the event that they agree upon a worth of $399.50 per tonne.

Ministry of National Food Security and Research submitted a summary on the availability of milling wheat from Russia on government-to-government (G2G) foundation.

The PM had fashioned a committee led by Special Assistant to the Prime Minister on Foreign Affairs Tariq Fatemi to barter with the Russian Embassy over the import of wheat.

The Russian delegation, of their assembly with the Minister for Commerce, supplied a decreased worth of $405 per tonne which was later dropped to $400 per tonne.

Also Read: Wheat costs tumble in world market after Russia Ukraine deal

 

The Ministry of National Food Security & Research on the suggestions of the Ministry of Commerce proposed a worth of $399.50 per tonne for the availability of 120,000 tonnes +/- 5 p.c MOLSO of milling wheat by G2G preparations for the consideration of the ECC of the Cabinet.



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