Pakistan: Stockpiling crackdown slashes wheat price by Rs800 per maund- Salma Butt
Punjab’s Chief Minister’s Special Assistant for Price Control, Salma Butt, announced that a crackdown on hoarders has reduced wheat prices by Rs800 per maund. She confirmed Punjab has 250,000 tonnes of declared wheat stock, enough until the next harvest, and dismissed flood-related price hike claims, blaming artificial shortages and profiteering.
Punjab’s Chief Minister Special Assistant for Price Control Salma Butt said on Sunday that a strict crackdown on hoarders has led to a sharp decline of Rs800 per maund in wheat prices. According to a private news channel, she assured that Punjab faces no wheat shortage, with stocks sufficient until the next harvest. “We currently have 250,000 tonnes of declared wheat stock, which is enough to meet the province’s needs,” she said. Salma Butt dismissed claims linking floods to price hikes, stressing that artificial shortages and profiteering were behind the surge. She added that 250,000 tonnes of hoarded wheat had already been seized during the drive. “Following CM’s directives, wheat prices have dropped, and as the deadline ends, actions against hoarders will intensify further,” she said.
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Source : Ukr Agro Consult
