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Flour price to come down by Rs7 per kg from today
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‘Mini budgets’ taking their toll on public
July 5, 2021
Islamabad The monthly budget of the people has been dented heavily due to rising inflation as prices of all kitchen items have witnessed a sharp rise in the open market. The hike in rates of petroleum products, the second time in a month has started taking its toll on the lives of the common man who has to bear its brunt in the shape of rising prices of all kitchen items and transportation.
According to Pakistan Statistic Bureau (PSB), since July 1, 2021 prices of tomato witnessed a rise by Rs13.9, onion Rs5.39, garlic Rs7.80, LPG cylinder Rs51.24, ghee Rs2.50, petrol Rs1.99, diesel Rs1.37, Daal Moong by 3.45 per cent, chicken meat by 3.01 per cent, banana by 2.42 per cent, Daal Mash by 1.30 per cent, Atta by 1.05 per cent, Daal Masoor by 0.79 per cent, Daal Chana by 0.44 per cent, sugar by 0.04 per cent and prices of dry wood also rose by 0.43 per cent.
LAHORE: As decided, the millers stopped grinding of wheat on Thursday, suspended flour supplies to the market and promised to continue strike for Friday (today) as well – an act that could create a gap of over 70,000 tonnes in the supply chain.
According to the millers, their units roughly grind 20,000 tonnes in Punjab and another 15,000 tonnes in the rest of Pakistan. The market may not feel the pinch immediately as the supply contains enough quantity to sustain demand for two to three days.
“However, the pressure would start building up by Monday,” warns a miller from the city.
The mills, he said, stopped wheat washing on Wednesday and did not grind anything on Thursday. Both days would cost the market around 70,000 tonnes. Then there is Sunday a day after, which means deficit of another 35,000 tonnes. Cumulatively, over 100,000 tonnes of supply gap would be created in next four days that would start biting the market at the beginning of the next week, he warns.