Flour Mills Association Initiates Flour Price Reduction

In a noteworthy development, the price of a 20-kilogram flour bag has seen a substantial decrease in Punjab, bringing relief to consumers in the region. The new price for a 20kg flour bag has been set at Rs2,000, a significant drop from the previous price of Rs2,800. This price adjustment comes as a direct response to the declining wheat prices in the open market, as highlighted by Flour Mills Association Chairman Asim Raza.

Raza emphasized the need for the government to lift the inter-provincial ban on wheat sales to assist farmers in avoiding financial losses. The current market price for a 40kg bag of wheat stands at Rs3,200, notably lower than the government's support price of Rs3,900. This shift is anticipated to have positive implications for both consumers and farmers, providing them with tangible benefits.

The reduction in flour prices can be attributed to the decrease in wheat prices in the open market, prompting flour millers to adjust their prices accordingly. The Flour Mills Association has been advocating for policy changes to support farmers and ensure a fair market for both producers and consumers.

The recent drop in flour prices in Punjab signifies a positive development for the agricultural sector and consumers alike. By aligning market prices with the decreasing cost of wheat, stakeholders are hopeful for a more sustainable and equitable market environment moving forward.