Wheat prices 'surge' across Punjab, Islamabad

LAHORE: Wheat prices have surged sharply over the past ten days in Punjab and Islamabad, rising from Rs3,700 to Rs4,400 per maund, ARY News reported on Friday, citing market sources.

In several areas of Lahore, 10kg and 20kg flour bags have become scarce, traders said. The price of a 15kg flour bag in the city has increased from Rs1,500 to Rs1,750.

Wheat prices in Lahore have now reached up to Rs4,450 per maund, the sources said.

In Gujranwala and Gujrat, wheat is being sold at up toRs4,500 per maund, while prices in Rawalpindi have climbed as high as Rs4,800 per maund.

In Multan, the rate has reached Rs4,450 per maund, while wheat prices in Bahawalpur and Dera Ghazi Khan have risen to Rs4,400 per maund.

Meanwhile, wheat prices in Islamabad have also climbed to Rs4,400 per maund.

Commenting on the situation, Asim Raza, Central Chairman of the Flour Mills Association, said the price surge is being driven by a growing shortage of wheat.

He warned that wheat supplies are rapidly diminishing, adding that the rising cost of wheat is directly pushing flour prices even higher.