Cargill & Rizq Join Hands to Create a Hunger-Free Pakistan
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Cargill & Rizq Join Hands to Create a Hunger-Free Pakistan
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Skewed policies, poor storage facilities blamed for wild swings in food prices
Sun Online Desk
18th July, 2021 02:21:14 PM
The grower does not always make money when the prices of food items go up, said Sindh Abadgar Board senior vice president Mahmood Nawaz Shah here on Thursday.
Speaking at a seminar on food inflation at the Institute of Business Administration (IBA), Mr Shah blamed skewed policies and poor storage infrastructure for wild swings in retail food prices.
“Headlines appear only when the tomato price touches Rs200 per kg. But no one bats an eye when the same is sold at Rs5 per kg,” he said, noting that opening the imports of locally grown vegetables while banning their exports often results in a crash in their prices.