The government’s decision to import 750,000 tonnes of wheat through the Trading Corporation of Pakistan (TCP) is unlikely to reduce wheat prices significantly. However, industry stakeholders believe the move could help prevent further increases in wheat and flour prices.
This week, the TCP opened a tender for wheat imports, attracting nine international companies. Offers for 656,000 tonnes were received, with prices ranging from $348.83 to $369.95 per tonne.
Millers Expect Price Stability
Millers and traders said the imported wheat would help stabilize the market rather than trigger a major price decline. A miller noted that wheat prices in the open market have remained steady at Rs. 12,500 per 100kg bag since the government initiated import efforts.
According to market experts, flour prices are unlikely to rise sharply after the imported wheat arrives. Nevertheless, they do not expect a substantial reduction in prices because the import volume remains limited compared to national demand.
Karachi Retail Grocers Association General Secretary Farid Qureishi said many consumers have reduced their flour purchases due to rising living costs. He explained that people who previously bought 5kg flour bags now often purchase only 2kg in loose quantities to manage household expenses.
Consumers Face Growing Financial Pressure
Karachi Wholesalers Grocers Association Chairman Rauf Ibrahim said the imported quantity would have little impact considering the country grinds around 70,000 tonnes of wheat daily. He warned that wheat demand could increase further during the winter season.
Ibrahim added that many families are cutting flour consumption because of high utility bills, fuel prices, and education expenses. He described this trend as a concerning sign for low-income households.
Meanwhile, Cereal Association of Pakistan Chairman Muzammil Rauf Chappal said the imports would likely keep wheat prices relatively stable. However, he agreed that the shipment would not bring any notable decline in market rates.
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