March 24 2013
Aamir Shafaat Khan
KARACHI: Flour mills have started reducing prices in view of persistent fall in wheat rates in the open market after a robust new crop.
However, the cut does not reflect the sharp decline in the price of wheat.
At the retail level, flour varieties are generally selling at old rates despite a substantial fall in wheat prices.
Bread manufacturers too, who had raised prices in January this year citing hike in flour prices, are yet to announce a…
ISLAMABAD: The increase in prices of potatoes, wheat flour and fresh milk during the previous week has led to an increase in sensitive price index (SPI) mainly for the lowest income group.
The combined SPI for the week ending on Thursday (November 15, 2012), improved marginally by 0.06 percent as compared to the previous week, however the lowest income group earning up to Rs 8,000 per month, faced the wrath of weekly based inflation with an increase of 0.10 percent as compared to the…
August 29, 2012: Agriculture Forum Pakistan (AFP) Chairman Muhammad Ibrahim Mughal on Tuesday alleged that flour millers after fresh increase in flour prices will earn 35 percent profit by putting an additional load of Rs 34 billion on the urban population.
Reacting to the increase in flour prices here on Tuesday, Mughal during a chit chat with media claimed that the flour mills had bought wheat from the growers at Rs 25 per kilograms but would sell it at Rs 34 per kilogram to the masses.…
August 29, 2012: Pakistan Flour Mills Association (PFMA-Punjab Branch) on Tuesday announced increasing flour prices to Rs 34 per kilogram at the retail level from the previous Rs 31 per kilogram, citing the increase in wheat prices and diesel and electric tariff as the reason.
This is the second raise in the last two weeks as the Association earlier had announced a raise in flour prices before Eid when the prices of 20 kilograms bag was increased from Rs 585 to Rs 610 per bag because of the…