ISLAMABAD (Reuters) - Pakistan may miss a target to export 3 million tonnes of wheat by mid-July after a decline in global prices slowed sales, traders said on Wednesday. Pakistan, Asia's third-largest wheat producer, resumed exports in January for the first time in three years after the government lifted a ban in December. The govt allowed the private sector to sell 3m tonnes overseas by July 15. Traders said they could miss the target by around 500,000 tonnes. "We are not getting good prices. The international prices have come down. Even they are lower than our cost," Javed Thara, a wheat exporter, told Reuters. "It seems impossible to achieve the target." Wheat futures on the Chicago Board of Trade have fallen nearly 20 percent since hitting a high for the year just short of $9 a bushel in February. The arrival of Black Sea wheat in July would further hamper Pakistan's exports, Thara said. "Exports for us would be difficult because our prices are not as competitive as their's," he said. Russia may export around 8 million tonnes of grain in July-September, although its exportable surplus is expected to be significantly higher, the head of Russia's main grain industry lobby said. Russia had banned wheat exports last year after a drought cut its harvest. Pakistan's 2010/11 season wheat crop output is 24.2 million tonnes while there is 3.2 million tonnes of carryover from the previous crop, according to the food ministry. The country's domestic consumption is around 22 million tonnes. Shakeel Ahmed Khan, who is in charge of wheat transactions at the food ministry, said more than 1.4 million tonnes have been exported this year. Trader Johar Ali Qandahari said no new contracts were being made due to the decline in prices. "Whatever is going overseas are old deals, not new ones," he said.