Prices of kitchen items show mixed trend – Markets


ISLAMABAD: Prices of essential kitchen items showed a mixed trend, according to a weekly poll conducted here by Business Recorder on Saturday.

The survey observed a decreasing trend in the prices of vegetables, chicken, ghee/cooking oil and an increasing trend in the prices of cooked foods, wheat flour, fresh milk and yogurt, while the prices of branded spices, legumes, tea, and sugar remained stable.

Traders told this correspondent that vegetable prices, which experienced a record rise in July-August due to road and rail closures, are now stabilizing, but wheat flour prices are set to rise to record levels.

The survey observed a drop in chicken price from Rs 8,300 to Rs 8,200 per 40 kg in the wholesale market, which is retailing at Rs 270 per kg, while chicken meat price remained stable at Rs 400 per kg. Egg prices rose to 6,750 rupees from 6,650 rupees a carton, while eggs are retailing for 245 rupees a dozen.

Also Read :  Asia-Pacific markets fall as second day of G-20 is underway

Wheat flour prices saw an increase as the price of the best quality wheat flour in the wholesale market rose from Rs 1,600 per 15kg sack to Rs 1,620 per sack, retailing at Rs 1,650 per 15kg sack. The price of sacks of regular grade wheat flour rose from Rs 1,470 to Rs 1,580 per 15kg sack, which is retailing at Rs 1,600 per 15kg sack.

It has also been observed that retailers collect their own prices due to non-functioning price monitoring bodies. In addition, special price control judges have left people at the mercy of profiteers.

Also Read :  Business News: GF boutique hotel…EGF wage study & Netflix

People have complained that the wheat flour sponsored by the Punjab government is not available in the market after a significant increase in commodity prices. Merchants told this correspondent that the Punjab government has not yet started supplying them the subsidized wheat flour, adding that before the arrival of Pervez Elahi’s government, the Punjab government was supplying 25-50 sacks of subsidized wheat flour to retailers, but for a month the new administration has stopped deliveries, causing serious hardships for the poor people.

A shortage of wheat flour has also been observed in the outlets of the utility stores as the shops are unable to meet the demand following the Punjab government decision.

Also Read :  Buffett-backed digital bank Nubank to launch its own cryptocurrency

Sugar price remained unchanged at Rs4,100 which retails at Rs90-95 per kg.

Rice prices also remained unchanged as the best quality basmati rice is priced at Rs 11,200 per 50kg sack which retails at Rs 290 per kg; Regular grade Basmati rice is available at Rs 9,000 per 50kg sack which retails at Rs 245 per kg and broken Basmati rice price is stable at Rs 5,500 per 50kg sack which retails at 170 rupees per kg.

Copyright Business Recorder, 2022



Source link