ISLAMBAD, PAKISTAN — Pakistan will buy 200,000 tonnes of wheat from Russia as part of a plan to control inflation by increasing supplies, Bloomberg reported.
The Pakistani government is expected to sign an agreement with Moscow for the supply of grain on a government-to-government basis. Shipments from Russia are likely to arrive by December, the news agency said.
Russia’s agricultural agency said the country already has shipped 128,000 tonnes to Pakistan this season. This is the first wheat exports there since 2014, according to United Nations trade data.
Pakistan also plans to import 1.5 million tonnes of wheat through state-run Trading Corp. of Pakistan, while more than 1 million tons of the grain will be imported by the private sector, Bloomberg reported.