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Wheat, flour prices show declining trend
The wholesale and retail prices of wheat and flour in the domestic market have fallen following the withdrawal of a ban on wheat movement by Punjab and release of wheat in the open market by traders.

An 80-kilogram bag, which was available at Rs 1,080 two weeks ago, has now come down to Rs 1,020, resulting in a decline of Rs 1 per kilogram at the retail level.

The price of fine flour has declined to Rs 16 per kg from Rs 17 per kg while chakki flour has also decreased to Rs 16 per kg from Rs 18 per kg a few days ago. A 100-kg bag of wheat is now priced at Rs 1100, with a fall of Rs 50, from Rs 1150 almost a week back.

The price of flour had increased to Rs 1,200 per 80-kilogram bag in the wholesale markets by the end of November while wheat was available for Rs 1,400 per 100-kg bag in the open market.

The fall in prices of wheat and flour is largely attributed to the withdrawal of restrictions on inter-province wheat movement by Punjab, due to which their prices had remained on the higher side from May to November last year.

The lifting of ban also prompted the traders to release their hoarded wheat, because they feared losses in failing to do so, as the wheat from Punjab has started arriving in Sindh and it is available in abundant quantity in the open market.

Had they not released the wheat in the market they could face losses because more wheat would be available in the market in the coming days, as government has announced it would import more wheat, traders said.

“The prices of flour have declined due to enhancement of the wheat quota to flour mills by the provincial government, and greater availability of wheat in the market,” said Anees Majeed, an advisor to Karachi Wholesale Grocers Association. “The prices of flour are expected to decline further in the coming days due to these two factors.”

But flour millers are still not content with their quotas and they say that they have to purchase more wheat from open market available at higher prices while the government has also enhanced the price at which it is supplying wheat to them.

“The Sindh government is supplying 62,000 tons to flour mills of Karachi every month, against their total requirement of 125,000 tons,” said Malik Naeem, former vice chairman of the Pakistan Flour Mills Association, Sindh Zone.

“If the government enhances its quota to mills, the flour prices could come further down.”
MGR Archive 9.1.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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