wheat crisis;  Hoarders mobilized, cut sales to mills by 50 percent

The crisis has arisen due to the delay in the approval of the official wheat release policy, Asim Raza. Photo: File

Lahore: Due to the extraordinary delay in the approval of the official wheat release policy by the caretaker cabinet, a wheat crisis has arisen in Punjab.

During the last one week, the price of wheat increased by Rs 500 per maund while the price of a 20 kg bag of flour increased by Rs 200. The shortfall in wheat requirement and availability reached 50%.

Also read: There are 69 lakh 34 thousand tons of wheat stock in the country

Caretaker Chief Minister Mohsin Naqvi had announced that on our request Flour Mills Association has reduced the price of a bag of flour by Rs. After this statement of the Chief Minister, the prices of private wheat and flour in the open market decreased significantly.

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