Wheat price lowest at $280/tonne in Pakistan

ISLAMABAD: Pakistan wheat price is the lowest of $ 280 per tonne compared with global markets to $ 329 a tonne, "said Commissioner Wheat Development in Food and the Ministry of Agriculture Shakeel Ahmad Khan.
Despite the devastating floods last year, we have enough food strategic reserves of wheat, rice, maize, pulses meet domestic needs, he said. He said the international commodity market were having a tendency to higher food prices due to rising oil prices.
"The rise in prices of natural phenomena PoL on the world market led to increased food prices in the country due to increased production and transportation costs."
Inflation was the main reason for rising prices and the higher value of the dollar against the rupee was also the reason he added. Prices of foodstuffs including vegetables, legumes are still at the lowest level compared with India, Afghanistan and Bangladesh, he added.
Pakistan produces an exportable surplus, such as wheat, rice, corn, other vegetables under crops, vegetables, fruits at reasonable prices. Despite difficult conditions due to flash flooding, harvesting of wheat is expected. the sugar cane production also registered significant increase, he said.

(Source: http://www.dailytimes.com.pk/default.asp?page=2011%5C03%5C25%5Cstory_25-3-2011_pg5_6)