date:Aug 02, 2013
at output is expected to rise this year from last, but will still be below demand, leaving the world with the lowest wheat stocks since 2008/09.
In Pakistan's financial centre of Karachi, wheat prices have jumped to $340-$350 a tonne from the around $300-$310 a tonne typical at this time of year.
Pakistan is likely to source the bulk of its supplies from the Black Sea due to lower prices, traders said, adding that the country has already booked some 250,000 tonnes for arrival later this month.