LAHORE: Wheat flour prices have seen a significant drop in Punjab due to decreasing wheat prices in the open market.Â
As per details, flour mills have reduced the price of the 20kg bag by Rs200, marking the second cut in eight days as earlier the price was decreased by Rs80.
The price of 20kg flour bags of various brands now ranges between Rs2,400 to Rs2,565. The price in the open market has fallen below the government rates as it had fixed the price of a 20kg bag at Rs2,790.
The development comes after wheat prices saw a significant decline in the open market. It is expected that the support price for the new wheat yield will be fixed at Rs 3,500 per mound.
Furthermore, the government has made the screening of every flour bag foolproof to maintain the quality. The recent decrease in flour prices comes as a welcome respite for individuals who have been severely impacted by the country’s persistent inflationary trends.
