Consumers are facing severe price shocks in flour rates all over the country. — Reuters/File
KARACHI: Amid massive imports of wheat and new crops of the current season, consumers are facing severe price shocks in flour rates all over the country.
In Punjab, 20 kg flour bag prices reached Rs1,030 from Rs860 a couple of days ago due to a halt in supply of subsidised wheat to the flour mills. Taking cue from Punjab millers, flour mill owners in Sindh have also followed suit.
The price of Sindh’s new wheat crop has soared to Rs5,500 per 100 kg bag in the open market which was Rs4,800-5,000 when it started arriving in mid-March. As a result, flour millers have increased the rate of flour No.2.5 to 61.50, up by Rs7 per kg in the last one week followed by same increase made in fine and super fine flour to Rs65 per kg, respectively.