Everyday ‘bread’ is getting expensive in India too, this month there was a huge jump in the prices of wheat, the government’s statement came! – Flour rate high in Pakistan now wheat disappeared from Indian mandis prices reached at record high tutc

Everyday 'bread' is getting expensive in India too, this month there was a huge jump in the prices of wheat, the government's statement came! - Flour rate high in Pakistan now wheat disappeared from Indian mandis prices reached at record high tutc

The shortage of wheat in Pakistan, which is facing its biggest economic crisis, has made people’s problems dire. Flour prices have increased so much in the country that roti is disappearing from the plate. There is a hue and cry for every sack of flour. Meanwhile, wheat prices are skyrocketing in India as well and it is disappearing from the mandis.

People craving bread in Pakistan
Let us first talk about Pakistan which is facing wheat shortage. Let us tell you that inflation in the country has reached close to 25 percent and people are looking for food and drink. Flour has become the biggest problem. The videos and pictures of the neighboring country are coming out on social media. By looking at them, the situation can be gauged very well. It is being seen in these that how people are yearning for each sack in the country and are forced to fight.

The price of flour is Rs 150 per kg.
Talk about the price of flour in Pakistan, there is a death-to-death war for bread in the country. Amid rising inflation rate (Pakistan Inflation), wheat crisis has created an atmosphere like flour emergency. According to an earlier report, the daily consumption of wheat in Islamabad is 38,000 bags of 20 kg each, but 21,000 bags are being supplied from the 40 flour mills operating here. The price of flour (Pakistan Flour Price) has crossed Rs 150 per kg. Flour has run out at the shops and where flour is being supplied from trucks, people are seen standing in long queues and at some places chasing the trucks loaded with flour. In some places people are even ready to kill each other for a sack of flour.

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Wheat prices skyrocket in India
While there is a hue and cry for flour in the neighboring country of Pakistan, on the other hand, the shortage of wheat is increasing in India as well. The effect of this is that the prices of wheat are reaching the sky and with the increase in the prices, its stock is getting exhausted from the mandis. In other words, wheat is disappearing from the mandis. If the dealers and farmers are to be believed, the delay in release of additional stock by the government for supply and lack of last year’s produce have pushed the prices to new record levels in the domestic market.

The price reached above the fixed MSP
In India, the second largest producer of wheat in the world, its price remains above the MSP fixed by the government. Its price has reached close to Rs 3,200 per quintal in Delhi and Uttar Pradesh. Explain that the MSP for wheat for 2023 was fixed at Rs 2,125 per quintal. Significantly, the export of wheat was banned in May 2022 last year.

The government is also serious about the rising prices of wheat. It was said on behalf of the government that it will take appropriate steps soon to reduce the price. Decision on OMSS of wheat is likely to be taken soon. However, in the meantime, the government is also claiming that there is sufficient stock of wheat in the country.

Monday (23 January 2023) Wheat Price (NCDEX)

Market price Rs per quintal Indore 2,950 Kanpur 3177 Rajkot 2800 Delhi 3164 Kota 2875

prices are increasing every day
The price of wheat has reached Rs 29,500 a tonne in the mandis of Indore. Only in the month of January, a growth of 7 percent has been recorded. Whereas in the last one year, an increase of about 37 percent has been seen in the prices. Suddenly the price of wheat in Delhi increased by 2 percent on Monday. Due to which the price reached Rs 31,500 per ton. With this increase in wholesale, the price of wheat in the retail market jumped by 5 to 6 percent. This is also affecting the biscuit company.

Stock decline month on month
Central government officials say that there is no need to worry about the wheat stock. The central government reviews weekly wheat production and stocks. According to the central government data, till January 24, 2023, there is a total of 17.1 million tonnes of wheat stock in the government godowns, compared to 1900 million tonnes in December last month. The buffer standard of the central government is fixed at 1.38 crore tonnes.