Wheat, Rice cheaper in Pakistan compared to India, Sri Lanka
ISLAMABAD, Sep 20, 2011: The rates of wheat, rice, chicken and garlic are lower in Pakistan as compared to India, Bangladesh and also Sri Lanka. The National Price Monitoring Committee has stated that the food prices have been low as compared to the other nations in the region.
Moreover, the panel is planning to import items of daily use from neighbouring nations due to the extensive damage to the crops in rain and flood affected areas of Sindh province, where more than six-million acres of land have been inundated and almost seven-million people have been affected.
The sugarcane crops in Sindh had been damaged and this also one of the reason why the panel had called for a decision to import sugar for the strategic reserves.
It has been found that wheat, flour, rice, gram, mutton, beef, chicken, onion and garlic in Pakistan have been cheaper as compared to India, Bangaldesh, Sri Lanka and also Afghanistan.
Meanwhile, food inflation has relaxed a four-week low but it has been high at 9.47% for the week ended September 3. Although there has been a marginal fall in inflation, it may not ease pressure on the Reserve Bank of India (RBI), which is witnessing a tough time controlling inflation.
Courtesy: SME News