Pakistan : Flour Mills Association Warns of Further Price Increase
The Pakistan Flour Mills Association has warned of another surge in wheat and flour prices as Punjab’s restrictions on inter-provincial supply tighten availability. In one month, wheat rose from Rs 62 to Rs 96 per kg, while flour jumped to Rs 99. PFMA urged urgent imports or Sindh’s timely wheat release.
The Pakistan Flour Mills Association (PFMA) has cautioned that inflation-hit consumers may soon face another surge in wheat and flour prices unless the government ensures timely and sufficient supplies.
Junaid Aziz, Chairman of PFMA (Sindh Circle), said that domestic wheat and flour rates are steadily climbing, mainly due to supply restrictions imposed by Punjab on inter-provincial movement.
During the past month alone, wheat prices have spiked by Rs. 30 per kilogram, while flour prices have jumped by Rs. 25 per kilogram. On August 1, wheat was selling at Rs. 62 per kg, but by September 1 it had reached Rs 96 per kg. Similarly, wheat flour rose from Rs. 76 to Rs. 99 per kg, and Chakki flour from Rs. 100 to Rs. 120 per kg.
Currently, wheat in the local market costs Rs. 96 per kg, about Rs. 10 per kg higher than the global price of Rs. 85, Aziz highlighted. He warned that without an immediate government decision on wheat imports, prices would continue to climb.
“Some relief may come if the Sindh government releases wheat into the market next week,” he added.
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Source : Bloom Pakistan
