Flour prices raised by Rs14 per kg
KARACHI: Over the past three days, millers have raised the prices of various flour varieties by an average of Rs14 per kg. In the last week of September, they cut prices for various flour varieties by Rs3 per kg, but this failed to provide any price relief to consumers, as retailers kept the prices unchanged. Consumers continue to see price fluctuations in flour ahead of wheat imports, but the…
KARACHI: Millers have increased flour prices by an average of Rs14 per kg over the past three days. Last week, they lowered prices by Rs3 per kg, but retailers did not reduce prices, leaving consumers with ongoing price fluctuations. As wheat imports arrive in March to May, federal and provincial governments remain unresponsive, while millers have suspended supplies to orchestrate a price shock.
The new flour prices in Karachi, announced by millers, are Rs155 for flour No. 2.5, Rs167 for maida, and Rs170 for fine flour. Retailers blame millers for the price hike. Chakki flour, previously at Rs180-200 per kg, has risen to Rs210 per kg. Millers attribute the price surge to increased wheat rates in the open market, which have risen from Rs125-130 to Rs138 per kg.
The rise is not due to wheat imports, as they will arrive this month or in November. Flour price hikes have led to increased costs for roti makers, who have raised the price of naan, sheermal, and other bakery items. Tandoor owners warn that double shocks, rising flour prices and LPG costs, may cause further price increases. Retail flour prices now range from Rs180 to Rs210, compared to previous prices of Rs170-200 per kg.
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