Traders have bought about 2 million tonnes of domestic wheat for export, and shipments have already started, government officials and traders said on Tuesday. The central Punjab province, which grows most of the country's wheat, intends to export over 2 million tonnes from its surplus stocks.
It has already sold 1.4 million tonnes of that to local traders for export, provincial Food Minister Abdul Ghafoor said. A Karachi-based trader, Javed Thara, confirmed deals with the Punjab government and said traders had also bought some 600,000 tonnes from Sindh, the second-largest wheat producer. "Traders have signed export deals with foreign buyers for up to 700,000 tonnes, out of which some 40,000 tonnes have already been shipped out," Thara said.
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