The prime objective of provincial governments for maintaining buffer stocks is to keep flour price stable across the nation. The latest increase in flour price (quality number 2.5) came despite a drop in wheat price by Rs2-2.5 over the past two weeks, a dealer at Karachi’s Jodia Bazaar said. However, the government of Sindh was supplying locally grown wheat at Rs36.875 per kg to the flour mills, it was learnt. The delayed release of the commodity in the province caused flour prices to spiral upwards. Average price of imported wheat stands at Rs40 per kg, according to PBS.

Source: The Express Tribune November 29, 2020 03:33 UTC