The government of Sindh fixed flour prices at Rupees 65 per kg in the province. The announcement was made by Sindh Information Minister Sharjeel Memon.
In a Press conference, He said the retail price of a 10-kilogram flour bag has been fixed at Rs650 while one kg flour will be available at Rupees 65 in the retail market. The mill price of flour will be Rupees 64 per kg and Rupees 640 for the 10kg.
As you know Devastating Floods & Rains damage more than 1.6 million tonnes of wheat stock
Heavy rains & floods have damaged around 1.6 million tonnes of wheat stock, stored in government warehouses in the Larkana division. As per details, the Sindh government failed in saving wheat stock during the recent rains and about 600,000 tonnes of wheat stock, stored inside warehouses and ten lacs of wheat lying in the open sky in the Larkana district were completely damaged.
Due to damage to the wheat stock, Sindh Government feared that the flour price will raise up to Rs200 per kg in the near future, which is currently being sold at Rs120 per kg.
Meanwhile, the hoarding of wheat is also underway after the Sindh government fixed the Rs4,000 wheat support price.
Already in the market wheat & flour Prices raise up to Rs 120 per kg. The raise in the flour Prices is just due to the heavy rains & floods that have destroyed the wheat farms & also affected the stored wheat in wear houses.
Keeping this all in view Federal Government agrees to Export wheat from Russia so the Sindh Government has fixed the flour prices as the wheat price will going to fall in the coming days.