Wheat flour prices in Punjab and Islamabad Capital Territory (ICT) have increased again after the shortage of wheat and increased demand.
Post eid holidays, Punjab mill owners have complained that the government has stopped supply of the wheat, due to which, they are purchasing wheat from the open market at a higher price, hence this increment.
Punjab Flourmill Association (PFA) Vice Chairman Haji Muhammad Saeed told ‘The News’ that the government is not providing them wheat.
Here is what Flourmill Association (PFA) Vice Chairman Haji Muhammad Saeed had to say about the recent wheat crisis:
We are purchasing wheat from the open market on skyrocketing prices. We are purchasing 40-kilogram wheat at Rs. 1800 from the open market against Rs. 1400 from the government. How we could sell a 20-kilogram bag flour at an ex-mill price of Rs783.
According to him, the farmers have refused to sell wheat to the government.
The situation on the ground is that in several cities of Punjab, a 20-kilogram flour bag is being sold at Rs. 1000 against the previous rate of Rs. 805 in retail shops for some days.
Unlike old practices, the provincial government has failed to fix an ex-mill price of flour which has allowed mill owners to sell the commodity as per their wishes.
Resultantly, the price of a 20-kg flour bag has increased by up to Rs. 200 in several cities. The commodity is now being sold at Rs. 1000 against Rs. 800. Resultantly, the price of a 20-kg flour bag has increased by up to Rs. 200 in several cities. The commodity is now being sold at Rs. 1000 against
Similarly, Rs. 1300 have hiked on a sack of 80-kg. The fine flour sack of 80 kilograms is available at Rs. 4800 against Rs. 3500.