Flour bags vanish again from local market
By Ashraf Javed October 4, 2008 LAHORE - Flour bags vanished from the local markets causing worst flour shortage in the City during Eid holidays with the government clueless how to improve flour supply, dealers said on Saturday.
The flour dealers said that the flour supply situation would not improve in the open market before Monday.
However, the flour millers said that at least 80,000 flour bags would be supplied in the Sunday bazaars today (Sunday) at Rs 420 per 20-kg.
The government on Friday increased the flour price from Rs 300 to Rs 420 per 20-kg bag and abolished the subsidy on staple food.
Market sources said that the flour millers had reduced the supply to the markets three days before Eid considering a considerable increase of Rs 120 in the price of 20-kg bag, as a result worst flour shortage hit the market. The Punjab government putting an end to Ramadan package on Friday announced new wheat issue price from Rs 545 to Rs 730 per 40kg.
Taking advantage of the situation, the flour dealers started selling only five-kg and 10-kg bags at the retail shops in the City at Rs 150 and Rs 275 respectively as no 20-kg bags are available in the market.
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