News Updates MEDITERRANEAN AND MIDDLE EAST COMMENTS The Pakistani government is very seriously considering the possibility of reducing the 6 percent import tax on wheat. Expectations are that about 500,000 MT of wheat will have to be imported in the next three months to cover the crop shortfall, and local experts indicate that there seems to be a good chance that the import tax could be lifted for at least three months. It is expected that up to 1 MMT of wheat will be imported, but the immediate need is for 500,000 MT. Critics in Pakistan are claiming that some of the shortfall is being caused by regional governments holding wheat stocks in case they are needed to avoid any shortage, rather than releasing them to the market.The 20...
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