If wheat is imported from Russia, flour costs will drop to Rs. 110 per kg in Karachi and across the nation, a significant decrease from the existing Rs. 150 and higher per kg.
When briefing a group of journalists affiliated with the Council of Economic and Energy Journalists (CEEJ), Chaudhry Amir Abdullah, Chairman of the Pakistan Flour Millers Association (South Zone), made this assertion.
In comparison to local wheat rates in Karachi, which vary from Rs. 12,500 to Rs. 14,500 per tonne, he claimed that wheat imported from Russia costs close to Rs. 9,500 per tonne.
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Because Russian wheat is of greater quality than the Ukrainian wheat that we typically acquire, he said, “we can export flour to different countries through the import of Russian wheat.”
He clarified that flour might be exported to Canada, Europe, and the Middle East.
Flour Millers Strike in Karachi
He cautioned that the situation may worsen and that prices in Karachi could reach Rs. 200 per kg as a result of the out-of-control wheat prices in the southern region, particularly in Karachi.
According to Amir Abdullah, 30 out of 93 flour mills in Karachi have ceased operations due to the lack of wheat that was brought on by provincial policy.
He claimed that the government of Sindh was to blame for the developing flour issue because it forbade millers from purchasing grain from upper Sindh farms.
The government only provided 525,000 bags of wheat, or 10.5% of the 5 million bags it had promised to give by the middle of March. Only in Karachi is there a lack of wheat, according to the PFMA chairman.
