Skip to main content

Sindh millers slash flour prices by Rs7 per kg

Image
By Admin
Sindh millers slash flour prices by Rs7 per kg
Millers on Thursday reduced prices of various varieties of flour by Rs7 per kg prior to release of Sindh government’s wheat to millers followed by drop in price of imported and locally-produced wheat.

Pakistan Flour Mills Association Sindh Zone Chairman Chaudhry Mohammad Yousuf said the price of flour no. 2.5 has been slashed to Rs52 from Rs59 per kg followed by drop of Rs7 in fine and super fine flour (maida) to Rs64 per kg. The price of 10kg bag of flour no. 2.5 has been fixed at Rs525 as compared to Rs595.

However, in March, on the arrival of wheat crop from Sindh, the price of flour no. 2.5 in the province was Rs42-43 per kg while fine and super fine flour variety was Rs45-46.

He said the flour prices had been reduced to provide relief to masses as the Sindh government is likely to start wheat supply to millers from Monday at an issue price of Rs3,637 per 100kg bag.

Yousuf said millers had received challans from the Sindh government on Oct 19 which was submitted to the State Bank of Pakistan. Millers would need to go to Naushehro Feroze and Nawabshah for lifting wheat from government go downs and would also bear transportation cost of Rs100 per 100kg bag.

He said the Sindh government had earlier planned to provide 85,000 tonnes of wheat between Oct 16 to Oct 31 to millers in the province but the decision has been delayed. The province had procured 1.235 million tonnes from growers this season.

He said flour price would be fixed after mills start getting supplies of wheat from the government from Monday.

The price of imported wheat, he said, has fallen to Rs5,070 per 100 kg bag — including transportation charges from the port — from Rs5,500 prevailing in first week of October while the price of locally-produced wheat has dropped to Rs5,200 from Rs5,700 per 100kg bag in the open market.

Cereal Association of Pakistan Chairman Muzammil Chappal said after import of 431,594 tonnes of wheat from Ukraine in August-September by private sector, another 300,000 tonnes of wheat is expected to arrive in October including one ship of Russian wheat, while the Trading Corporation of Pakistan (TCP) had also imported 180,000 tonnes this month.

The government had fixed wheat import target of 1.5m tonnes each by the private sector and TCP. He was of the view that wheat imports had help arrest further increase in flour prices.

Labels:

Comments

Post a Comment

Popular posts from this blog

Army chief assures business community of ‘complete support’ for economic uplift

By Admin
Chief of Army Staff Gen Qamar Javed Bajwa on Wednesday assured the business community of the army’s “complete support” for the economic uplift of the country. He made this assurance during a meeting with businessmen who called on him at the General Headquarters today, according to a statement by the military’s media affairs wing. A delegation of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the army chief discussed the “evolving regional economic environment” as well as the FPCCI’s role in the development of commercial and industrial hubs in Pakistan, the Inter-Services Public Relations (ISPR) said. During the meeting, Gen Bajwa appreciated the role of the business community in the economic uplift of the country and affirmed all-out support of the army in this regard. The delegation, meanwhile, acknowledged the Pakistan Army’s role and sacrifices in the provision of a "secure enabling environment" for economic prosperity in the country, acco...
Post a Comment
Read more

3rd U-19 Women T20: South Africa beat Pakistan by 52 runs

By
In the third T20 of the five-match series in Karachi, South Africa Under-19 women's team defeated Pakistan Under-19 women's team by 52 runs tonight. Batting first, South Africa Under-19 women's team scored 158 runs for the loss of six wickets in allotted 20 overs. In reply, Pakistan Under-19 women's team were all out for 106 runs in 18 overs. South Africa lead the series 2-1.
Post a Comment
Read more

Military court case: SC rejects govt plea for constitution of full court bench

By
The Supreme Court of Pakistan has rejected a government plea to constitute a full court bench to decide the issue of civilian trials in military courts. The government had urged the court to set up a full court on the question. The was heard by a six-member larger bench headed by Chief Justice Umar Ata Bandial, which reserved its judgment on Tuesday. The bench ruled that judges were not available for the constitution of full court bench due to summer vacations. The bench includes Justice Ijazul Ahsan, Justice Muneeb Akhtar, Justice Yahya Afridi, Justice Mazahar Ali Akbar Naqvi and Justice Ayesha Malik. The Chief Justice of the Supreme Court remarked during the hearing yesterday (on Tuesday) that there should be an independent body to review whether the arrests were made on valid grounds or not. The attorney general of Pakistan submitted the details of 102 people who face military trials to the court. Justice Mazahir Naqvi said in his remarks why other accused in the same case ...
Post a Comment
Read more