Despite importing sugar and wheat, prices of the routinely consumed commodities are not falling in Pakistan, presenting another challenge to the government, which has been struggling to control inflation. Wheat was priced at around Rs660 per 10kg bag while whole grain wheat was available at Rs730 per 10 kg. Had the government not allowed import of sugar by the private sector, the crisis could have worsened, the association chairman said. Import of the commodity failed to yield desired results because of a rise in international prices of sugar, he pointed out. When importers approached the international market for wheat, prices had risen to $280 per ton from $219 earlier, he said.

Source: The Express Tribune October 11, 2020 04:18 UTC