Pakistan, May 27 -- The National Assembly has been told that the National Wheat Policy 2026-30 has been finalised in consultation with the provinces and will be placed before the cabinet before the 2026-27 budget, but the announcement lands in a market where confidence has already been damaged by weak execution and a procurement transition that left farmers exposed at the worst possible moment.

Punjab's latest move to demand stock declarations from traders within two weeks shows the extent of official anxiety over crop size, public reserves and future flour prices. Reports of lower production, weak government stocks and accelerated private buying have created exactly the conditions in which traders, mills and farmers begin acting on expe...