Pakistan ships corn at record pace
Pakistan is experiencing a record year for corn exports, which are projected to reach 1.5 million tons in 2023/24. A bumper crop and lower domestic demand have resulted in a surplus, according to the USDA. Vietnam, Malaysia and Sri Lanka are the main export destinations.
The devaluation of the rupee has contributed to competitive prices. However, USDA notes that exports have begun to slow because most of the low moisture spring crop stocks have already been exported and the remaining grain is not as high quality.
Read also
China sharply resumes US soybean imports after four-week pause
Black Sea wheat exports fall by more than half versus five-year average
Google launches large-scale methane reduction project on Brazilian rice fields
Jordan makes no barley purchase in 120 thsd ton tender
Tunisia overtakes Turkey to become world’s second-largest olive oil producer
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon