Pakistan’s corn exports witnessed a significant reduction this month, declining to 14,000 MT, compared with 30,000 MT exported last month. The average export price ranged between USD 255–275/MT. From July to October, total corn exports have reached to 270,000 MT, sharply lower than 435,000 MT exported during the same period last year. This month Sri Lanka remained the primary destination, followed by Afghanistan.
The major factor behind the reduced export activity is poor export parity. Heavy floods this year severely damaged Pakistan’s corn crop, leading to a sizable drop in production and pushing domestic prices upward. As a result, local exporters have been unable to meet international price levels, which restricted their participation despite steady demand.
However during October, Pakistan exported approximately 450,000 day-old chicks, mainly to Afghanistan. The export opportunity emerged due to a sharp decline in domestic DOC demand, which had caused prices to crash from PKR 200 per chick to PKR 25.
However, with the onset of winter, seasonal demand for DOC has strengthened once again, prompting a recovery in local prices back to around PKR 85 per chick. The rebound reflects improved placements by poultry farmers anticipating stronger consumption during colder months.
