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LAHORE: Wheat prices in the open market of provincial metropolis crashed on Tuesday after the provincial food department’s announcement of increasing the quota of wheat to the flour mills from 21,000 metric tons per day to 26,000 metric tons per day.

Sources in wheat trade said that the prices fell to Rs4200 per maund from Rs5400 per maund. The same situation was observed in other markets such as Faisalabad, Gujranwala, Sargodha, Dera Ghazi Khan, Bahawalpur and others as per the rates issued by the provincial agriculture department’s marketing wing today. Flour and fine traders are hoping that the fall in prices would bring down the prices of the commodity considerably soon.

A wheat trader in Baghbanpura area, Sheikh Abdur Rehman said that the prices in all the significant markets such as Haroonabad, Bahawalpur and others had come down to Rs4000 to Rs4200 per maund after the increase in quota from government godowns. He said that it was a big drop in a day in the wheat prices.

Copyright Business Recorder, 2023

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shahid.saleem paracha Jan 11, 2023 11:20pm
Very good decesion by punjab Govt it will provide some relief to mass's who were very upset due to regular increase in basic food commodity.
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shahid.saleem paracha Jan 11, 2023 11:44pm
Very good and timlly decesion taken by Punjab Govt.It will surelly provide some sort of relief to mass's of punjab who are suffering a lot due to sky roketing price hike almost in every basic food commodities specislly wheat floor.The mass's of all our country in a very upset situation due very lose controle on price hike.No body bothering in Tehsil to district to provinces to daily moniter the commodities prices.every saller on cart to shop has their own prices due to open market with out any check & balance.seeing this lose controle by concerned chore bazari is at its peak.stockist mafia is enjoying Godown are full of thousands of bags of badic food commodities . These stockest are putting extra price hike my making false shortageGovt should first of all crub this mafia and start a very acute operation through out the provices and up to grass root level Tehsils.Hoping govt will take strict operation against stockist mafia who holds basic commodities to raise the prices of concerned commodity they have horded .so to help the mass's who are in a very miserable condition first of all put an iron hand on this mafia with out losing a momeng for the relief of Mass's as this mafia is a basic contibuter of price hike and also check on retailers to sale on price list who violate give them lessionable punishment.They are looting by four hand chore bazari is at its peak .Pakistan zindabad
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Zulfiqar Ahmad Khan Jan 12, 2023 11:34am
Shameless govt have burdened the nation because of their nonsense approach.
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Muhammad javed iqbal Jan 13, 2023 07:28am
WHY GOPUNJAB MADE THIS DECISON AFTER CONSIDEABLE DELAY AS PRICES OF WHEAT WERE NOT INCREASED IN A DAY.
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