Pakistan : Wheat price significantly drops as new crop reaches market
Wheat prices in Punjab dropped by Rs400 to Rs2,460 per 40kg as new crops from Sindh entered the market, with further declines expected when Punjab’s harvest begins. Flour prices also fell by Rs100 per 20kg bag. Meanwhile, farmers face uncertainty as the government has yet to announce support prices, reportedly due to IMF conditions.
Wheat price has significantly dropped in Punjab following the new crop reached the market from Sindh, media reported on Saturday.
As per the report, the price of 40 kilograms of wheat dipped by Rs400 to Rs2,460 from Rs2,865 in recent days. The price saw a decrease after the new wheat crop from Sindh reached the market, while in next mont,h the new crop from Punjab will also hit the market.
As per the report, the development directly impacted the flour prices in market where price of 20-kg bag was decreased by Rs100, with new price hovering between Rs1,450 to Rs1,500. The prices are expected to see further decline as the wheat grown in Punjab is set to enter the market in coming days.
The price of wheat in the province’s grain markets is expected to be between Rs2,200 and Rs2,300 per 40kg.
Meanwhile, farmers in Pakistan are facing uncertainty as the government has not announced official prices for the wheat as harvesting season 2025 has begun, leaving them upset about selling of their crop.
The farmers have asked the government to announce the support prices for this year so they can sell their wheat crops and meet their expenses.
They have expressed fear of losses if the government does not issue the prices, saying: “It would be impossible for them to meet the expenses”.
Previously, the federal and provincial governments announced the wheat support prices to facilitate the farmers. However, the process has been stopped due to a condition imposed by the International Monetary Fund (IMF).
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Source : NEWS
