Punjab witnesses sharp drop in wheat prices
Business
This decrease in prices comes as a positive development for consumers
LAHORE (Web Desk) - Wheat prices in Punjab have experienced a notable decline, dropping by Rs300 per maund.
Contrary to expectations of an increase in open market rates, local wheat prices have unexpectedly fallen.
Prior to a nationwide strike called by the Flour Mills Association, local wheat was being sold by mill owners in northern and central Punjab at Rs3,400 per 40-kg.
However, by July 15, the open market rates for wheat had dipped below Rs3,100 per 40-kg, providing a welcomed relief to millions across Punjab.
This decrease in prices comes as a positive development for consumers who heavily rely on wheat products, potentially easing financial pressures amid prevailing economic challenges.
