Wheat exports from Pakistan surge by 512.3pc during FY 2016-17

During the period from July-June, 2016-17, sugar exports from the country grew by 21.90pc.

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Image Credits: APP

Islamabad: As many as 3,676 metric tons of wheat worth US$ 967,000 was exported during last financial year (2016-17) as compared to exports last year.

Wheat exports from the country during 12 months of financial year, 2016-17 registered 512.3 percent increase as against the exports of 2015-16, according to data compiled by the Pakistan Bureau of Statistics.

Wheat exports from the country during financial year 2015-16 were recorded at 450 metric tons valuing US$ 158,000, whereas no quantity of wheat was exported in month of June 2017.

During the period from July-June, 2016-17, sugar exports from the country grew by 21.90 percent and it was recorded at 307,862 metric tons as compared to exports of 293,451 metric tons of same period last year.

The country earned US$ 161.253 million by exporting the surplus sugar in 12 months of last financial year as against the earning of US$ 76.677 million of same period last year, it added.

Meanwhile, about 22,927 metric tons of spices worth US$ 84.22 million were exported during the period under review as compared to exports of 19,746 metric tons of spices valuing US$ 76.677 million of same period last year.

During last financial year, exports of oil seeds nuts and kernal grew by 56.83 percent as compared to same period of year 2015-16, it added. About 36,525 metric tons of oil seed, nuts and kernals worth US$ 47.287 billion exported during last year as compared to exports of 20,938 metric tons worth US$ 30.152 million of same period last year.