Islamabad
Owing to strengthening domestic wheat stocks, prices of grains in local markets observed declining trend and prices of wheat and flour slashed down significantly, which was expected to further reduce during the days to come.
The prices of wheat witnessed Rs10 to Rs11 per kg reduction in port city Karachi as it went down from Rs 55 per kg to Rs 44 per kg, said Food Security Commissioner in Ministry of National Food Security and Research Dr Imtiaz Ahmad Gopang.
Talking to APP here on Friday he said that declining price trend of wheat in Karachi has a definite impact on the prices of the commodity in other markets all across the country as commodity supplied from this city to other cities for fulfilling the domestic consumptions.
Meanwhile, he said that Pakistan Bureau of Statistics (PBS) in its Consumer Price Index report for the week ended on December,3 2020 had also reported decline in wheat flour prices across 17 cities, which was mainly attributed to stability in domestic demand and supply.—APP
