Karachi: Wheat hoarding and profiteering has reached its peak, the wholesale worth of 50 kg sack of wheat within the open market has elevated from Rs. 3400 to Rs. 4500.
The worth of 50 kg wheat has elevated by Rs. 1100 available in the market, flour mill homeowners have additional elevated the worth of high quality flour, quantity two and a half flour has elevated from Rs. 2100 to Rs. 2400, the worth of flour quantity two has elevated by Rs. 1100 in two months. ]
According to Farid Qureshi, General Secretary, Retail Grocers Group, if flour is on the market to shopkeepers at Rs 48 from flour mills, it’s being offered at Rs 55 per kg at retail stage. Flour mills have elevated 50 kms and tremendous high quality flour from Rs 2,300 to Rs 2,700. Half quantity flour has been elevated from Rs 42 to Rs 48. In the retail market, half quantity flour has gone as much as Rs 55 per kg. The mill homeowners have additionally elevated the worth of flour by Rs 5 to Rs 65 per kg. Preparations have been made to extend the worth of high quality flour and flour available in the market by Rs. 6 per kg.
It ought to be famous that the businesses have elevated the worth of 10 kg of branded flour to Rs. 560. Farid Qureshi stated that the worth of flour will improve farther from Monday. The Chief Minister ought to take motion.
Flour mill homeowners say Sindh authorities shouldn’t be offering them wheat whereas residents say it has turn into tough to purchase flour after sugar, greens, milk, poultry, fruits, pulses, provincial and federal authorities inflation If you possibly can't management it, why are you in authorities?