Wheat price soars to Rs5,100 per 40kg in Lahore

LAHORE: The price for a 40kg wheat bag has soared to Rs5,100 in Lahore, ARY News reported on Tuesday quoting dealers.

Per 40kg wheat being is being sold at Rs5,100 in Lahore against the government’s fixed rate of Rs3,900. The flour mills association leader said the government’s rate is not being implemented in the market.

Due to the increase in the wheat price, the rate of 20kg flour bag has jumped to Rs2,750 against the govt’s rate of Rs2,316.

The Flour millers said they cannot sell the wheat at the lower rates after getting the wheat at an exorbitant rate from the open market.

Last month, the officials of the Punjab Food Department foiled an attempt to smuggle wheat and flour to Afghanistan.

Over 70 containers loaded with wheat and flour were being smuggled to Afghanistan from Rawalpindi Motorway.

District food authority officials said 46 containers loaded with wheat and 16 containers of flour were seized during checking.

The wheat and flour were being smuggled from Punjab to Afghanistan. The containers were sealed while 16 people were booked. It may be noted that there is a ban on the transportation of wheat from the province.