Food prices increase ahead of Ramazan

Published June 18, 2015
Among other commodities, prices of fruits, vegetables,  sugar, pulses and rice also witnessed an increase. —APP/File
Among other commodities, prices of fruits, vegetables, sugar, pulses and rice also witnessed an increase. —APP/File

KARACHI: The price of gram flour (baisin) has touched new peak of Rs120 from Rs90-93 per kg last month owing to its rising demand ahead of Ramazan.

Among other commodities, prices of fruits, vegetables, sugar, pulses and rice also witnessed an increase.

The price list issued by the Commissioner of Karachi, which is effective from June 16-30, 2015, carries the gram flour retail price of Rs58 per kg.

Last month, gram pulse was available at Rs85 per kg which rose to Rs90 per kg in May and since then it maintains an upward trend.

Now gram pulse rate hovers between Rs100 and Rs110 per kg in various areas but the commissioner is forcing the retailers to sell it at Rs58 per kg.

Sugar price now ranges between Rs62 and Rs64 per kg as compared to Rs60 per kg last month. The current official rate of sugar is Rs61 per kg.

Kabuli channa white and black are priced at Rs100 and Rs120 per kg as compared to their control rate of Rs75 and Rs55 per kg, respectively. Last month these items were available below Rs100 per kg in retail.

Syrups and juices, which are widely used in Ramazan, are being sold in black, and consumers are paying Rs10 more on various brands.

Retailers said the companies have not increased prices but due to tight supply and high demand, wholesalers are demanding Rs1,760 for 12 bottles of Rooh-i-Afza (800ml) for the last three days as compared to Rs1,680. Jam-i-Shireen carton is available at Rs1,760 as compared to Rs1,700. As a result, 800ml bottle of Rooh-i-Afza and Jam-i-Shireen is being sold at Rs160 as compared to Rs150 a few days back.

Overcharging is also rampant on 1.5 litre bottles as wholesalers are selling six-bottle pack at Rs1,620 as compared to Rs1,520. Retailers are charging Rs280 for 1.5 litre bottle as compared to Rs270.

Pulses: Moong has further become costlier and is being sold at Rs180 per kg. Its official rate is Rs132.

The official rate of masoor is Rs109, but retailers are charging Rs140-150 per kg. Mash is selling for Rs180 per kg but its official rate is Rs132.

Traders have expedited pulses imports in view of demand and supply gap in some items.

According to figures of Pakistan Bureau of Statistics (PBS), import of overall pulses during July-April 2014-15 went up to 525,622 tonnes ($322 million) as compared to 390,742 tonnes ($240 million) in the same period of the last fiscal year.

The official rate of kernal basmati rice is Rs127 per kg but retailers are demanding over Rs140-150.

The official rates of various varieties of rice vary and there is a difference of Rs20 to 40 in their prices.

The price list has been issued with the consultation of Karachi Wholesalers Grocers Association, Jodia Bazaar Traders’ Association, Karachi Retail Grocers Group, Bureau of Supply and Prices, Consumers’ Associations and civil society, but a vast gap exists between official and market rates.

Retailers are of the view that if Karachi administration assures supply of items at officially fixed rates, they would have no problem in demanding official price from consumers.

Published in Dawn, June 18th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Afghan strikes
Updated 26 Dec, 2024

Afghan strikes

The military option has been employed by the govt apparently to signal its unhappiness over the state of affairs with Afghanistan.
Revamping tax policy
26 Dec, 2024

Revamping tax policy

THE tax bureaucracy appears to have convinced the government that it can boost revenues simply by taking harsher...
Betraying women voters
26 Dec, 2024

Betraying women voters

THE ECP’s recent pledge to eliminate the gender gap among voters falls flat in the face of troubling revelations...
Kurram ‘roadmap’
Updated 25 Dec, 2024

Kurram ‘roadmap’

The state must provide ironclad guarantees that the local population will be protected from all forms of terrorism.
Snooping state
25 Dec, 2024

Snooping state

THE state’s attempts to pry into citizens’ internet activities continue apace. The latest in this regard is a...
A welcome first step
25 Dec, 2024

A welcome first step

THE commencement of a dialogue between the PTI and the coalition parties occupying the treasury benches in ...