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Government considering to import cheaper wheat from Russia

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Government considering to import cheaper wheat from Russia

The Economic Coordination Committee (ECC) on Friday decided to buy wheat from Russia if they agree to a price of $390 per tonne, ARY News reported.

The ECC session, led by Finance Minister Miftah Ismail, decided to import wheat from Russia if they agreed at a price of $399.50 a tonne.

The Ministry of National Food Security and Research presented a summary on the supply of milled wheat from Russia on a government-to-government (G2G) basis.

The PM had formed a committee led by Tariq Fatemi, Special Assistant to the Prime Minister on Foreign Affairs, to hold talks with the Russian Embassy on wheat imports.

The Russian delegation, in its meeting with the commerce minister, offered a reduced price of $405 a tonne which was later reduced to $400 a tonne.

read also, Wheat prices fall in world market after Russia-Ukraine deal

On the recommendations of the Ministry of Commerce, the Ministry of National Food Security and Research proposed a price of $399.50 per tonne for the supply of 120,000 tonnes +/- 5 per cent milled wheat through the G2G arrangement for consideration of the ECC of the Cabinet. ,

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, Government considering to import cheaper wheat from Russia

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