100kg wheat price hits record Rs13,100 in Hyderabad

Its price increased by Rs300 to Rs12,800 on Sunday and rose by another Rs300 on Monday to reach Rs13,100, described by traders as the highest-ever price recorded in the open market.Flour mills and chakki owners in Hyderabad are currently purchasing wheat from the open market as they have not been receiving wheat under the government quota.

The higher cost of wheat has already affected flour prices.

Chakki owners are selling flour at around Rs155 per kilogram at wholesale rates, while retailers and general stores are charging approximately Rs160 per kilogram.According to flour-chakki owners, if wheat prices are not brought under control, flour could reach Rs170 per kilogram in Hyderabad.The Sindh government has announced a policy for releasing wheat stocks stored in government warehouses, but the official price has yet to be determined.

The provincial cabinet had initially announced that the government wheat quota would be released on October 1.

However, the decision was later revised, and the release date was moved to October 20.Flour-chakki owners said the delay has created an opportunity for traders and hoarders to increase wheat prices in the open market.

They claimed the price has been rising almost daily, directly affecting consumers.They also said that the cost of producing one kilogram of flour at a chakki is around Rs35, while the deputy commissioner has approved only Rs24 as the cost component to be included in the price.Haji Muhammad Memon, president of the Flour Chakki Owners Social Welfare Association, told the Express that an artificial shortage of wheat had been created….

100kg wheat price hits record Rs13,100 in Hyderabad Our Correspondent | Updated 6 minutes ago | Staple food rate surges by Rs600 in just two days.

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