Sindh millers cut flour pirces by Rs10 per kg.

KARACHI -- After manipulating prices to a record peak in recent weeks, Sindh flour millers have brought down rates of various varieties by Rs10 per kg to show some mercy to consumers ahead of Ramazan.

The price of 50kg bag of flour no.2.5 has been reduced to Rs6,400 (Rs128 per kg) from Rs6,900. The rate of fine flour and maida has been cut to Rs6,500 per 50 kg bag (Rs130 per kg) from Rs7,000. Pakistan Flour Mills Association (PFMA), Sindh Zone, Chairman Chaudhry Aamir Abdullah said the prices had been reduced in a good faith after the Sindh Food Department officials during a meeting held on Friday assured growers and millers that wheat-loaded trucks arriving from the interior into Karachi would not be seized.

Millers complained that the food department officials forcefully impounded these trucks and unloaded wheat at government godowns in Landhi to achieve wheat procurement targets.

Another reason for the downward trend in prices was the start of wheat arrival from the new crop in the open market which had eased supply pressures leading to improved availability of wheat.

He said the food department officials listened to millers' grievances and promised to amicably resolve the issue. He anticipated that following a fruitful meeting it was expected that the wheat price may come down next week to Rs10,500 per 100kg bag from Rs12,000. Meanwhile, a miller said that Karachi...