Karachi flour prices rise sharply after wheat price hike
Key takeaways
- Chairman of the Flour Mills Association Junaid Aziz said the cost of fine and Grade 2.5 flour has risen by up to Rs13 per kg.
- Aziz linked the hike in flour prices directly to wheat, which climbed from Rs106 per kg to Rs118 per kg in the same period. “When wheat goes up, flour follows,” he said.
- He urged the government to move fast on imports. “Given the current situation, wheat will have to be imported.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize KARACHI, June 30: Flour prices have shot up across Karachi after a sharp jump in wheat rates over the past two weeks, with millers warning that the market needs immediate government intervention, ARY News reported.
Chairman of the Flour Mills Association Junaid Aziz said the cost of fine and Grade 2.5 flour has risen by up to Rs13 per kg. Grade 2.5 flour, which was selling at Rs119 per kg fifteen days ago, is now Rs132 per kg. Fine flour has crossed Rs140 per kg in the city.
Aziz linked the hike in flour prices directly to wheat, which climbed from Rs106 per kg to Rs118 per kg in the same period. “When wheat goes up, flour follows,” he said.