Consignment of imported wheat arrives at Karachi port

KARACHI: Around 51,000 metric tonnes of imported wheat arrived at Karachi Port on Wednesday, according to the Karachi Port Trust (KPT). “The geared vessel MV GOKOVA M, carrying a declared manifest of 51,000 metric tonnes of wheat, was allocated Berths 16 and 17 and arrived at Karachi Port at 1225 hours on Oct 28,” the press release said. It added that another geared vessel, MV GREAT RAINBOW, carrying 599,000 metric tonnes of wheat, was expected to arrive on Nov 3. “Together, the two vessels represent a declared wheat cargo volume of over 110,000 metric tonnes,” the KPT said, highlighting the port’s capacity to facilitate bulk commodity handling through Karachi Gateway Terminal Multipurpose Limited (KGTML) and support the smooth flow of essential imports.

“The KPT is facilitating the handling of bulk wheat cargo at KGTML, reinforcing Karachi Port’s role in supporting the country’s essential commodity imports and ensuring efficient cargo operations,” the press release said. On Monday, Food Security Minister Rana Tanveer Hussain announced that the government would maintain strategic wheat reserves of up to six million tonnes. He asserted that there would be no shortage of wheat in Pakistan this year as adequate arrangements were in place to meet the national requirements. He further stated that arrangements could be made to import up to 550,000 metric tonnes of wheat in accordance with provincial requirements and demand. Expressing concern over recent fluctuations in wheat prices , Hussain described the prevailing price hike as artificial and manipulated by certain market elements. He maintained that sufficient wheat stocks were available in the country and expressed confidence that prices would return to normal within the next few days. The food security minister…