Wheat Crisis [Facts n Figures]

I remember once posting something about wheat crisis in the eyes of javaid chaudary. Now this lady from Islamabad Metroblogging has come up with right figures and facts. She has written it superbly.

In September 2007, then-PM Shaukat Aziz announced that the government would
import 1 million tons of wheat, stating that this action was necessary to
"maintain a reasonable buffer stock for the future." (Whereas, of course, at the
time we didn't even have an unreasonable buffer stock for the present.)
Now,
if you've actually been reading this article and not just skimming through it as
I would, you know that global wheat prices at this time were sky-high. So the
export price for Pakistani wheat during the April-May export window was
approximately $225-232 per ton - and for December 2007 delivery, the import
price of wheat from Australia and Russia was $380-400 per ton, exclusive of
transportation.
Therefore, we imported wheat at prices 70% higher than the
prices we exported them at.

Read the whole article ... HOW TO START AN AATA CRISIS