The price of private wheat reached Rs 4100 per maund in the open market of Punjab. Setting a new national record. “Inflation Storm – Wheat reached 4100 – Rupees per 40 Kg in the open Market”
The Food Department of Punjab has increased the daily wheat quota of 2400 tons. Yesterday in order to balance the supply of government flour according to the demand. And to prevent the wheat prices from increasing further.
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From today, instead of 18,600 tons. Flour mills will be supplied with 21,000 tons of wheat per day, which will increase the daily government flour supply by 96,000 bags.
Inflation Storm – Wheat reached 4100 – Rupees per 40 Kg in the open Market
Moreover, The imported wheat supplied by the federal government to the Punjab government started reaching the warehouses of the food department
. Of the 64 thousand tons of the first ship that arrived at Karachi port, 32 thousand tons have reached Punjab.
While the second ship coming from Russia with 64 thousand tons of wheat has also anchored at the port.
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Yesterday, the price of private wheat in Lahore was 4 thousand rupees per maund while in Rawalpindi, Islamabad it was 4100 rupees per maund. This is a new record of private wheat price in the country’s history.
Due to this huge increase, the private wheat reserves available in the open market have decreased significantly.
To deal with the situation, Secretary Food Nadir Chatta and Director Food Shuzab Saeed have increased the daily official quota of Flamlar Mills to 21,000 tons. Which is expecteds to stabilize the rising prices of private wheat.