Pakistan Steps Up Imports of Farm Goods to Curb Soaring Prices
- Plans to buy up to 2.6 million tons wheat, 300,000 tons sugar
- Crops affected by heavy rains and pest attacks, minister says
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Pakistan is on a global shopping spree for agricultural goods, such as wheat and sugar, to control soaring prices and even willing to pay higher prices to achieve the goal, the farm minister said.
Food inflation surged almost 13% in August as crops in several areas have been destroyed due to heavy rains, pest attacks and locust invasions. Prime Minister Imran Khan’s government is under pressure to bring down prices of essential goods, with the country planning to import huge volumes in the coming months.