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Pakistan wheat price surge and import efforts

Updated 4 times since CLSTR started tracking revisions of this situation.

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2026-10-17 02:12 UTC → 2026-10-24 05:25 UTC · added removed

Pakistan is experiencing a surge in wheat and flour prices, driven by wheat deregulation, the removal of support prices, and alleged hoarding. In Karachi, wholesale wheat prices rose from Rs90 to Rs132 per kilogram over a four-month period, while 50kg flour bags reached as high as Rs8,000 in certain regions. Flour millers have reported operational difficulties, noting they must purchase expensive wheat while being forced to sell flour at government-fixed rates. To address domestic demand, which is estimated at 31 million tonnes against an annual production of 30 million tonnes, the Trading Corporation of Pakistan (TCP) initiated a tender to import wheat. The TCP has received bids for 185,000 metric tons from various international trading houses, including Bunge, Olam, Ameropa, and Agrocorp. Prices for Bunge reportedly offered approximately 60,000 tons at the tender have lowest price of roughly $339.36 per metric ton, while other bids ranged from approximately $339.36 $341.88 to $343.74 per metric ton, cost and freight included. ton. Recent developments show prices rising significantly in Punjab, where open market wheat prices increased by 600 rupees per maund—from 4,700 to 5,300 rupees—within maund within a single week. Flour mill sources attribute this to a reduction in the government’s release of official wheat stocks; while demand in Punjab is between 15,000 and 20,000 tons, mills are reportedly receiving only 3,500 tons. Consequently, a 15kg bag of flour is now retailing for approximately Rs. 2,300. By the week ending October 8, 2026, Pakistan’s short-term inflation reached 11.97% year-on-year, driven largely by rising food, energy, and transportation costs. The Pakistan Bureau of Statistics reported that wheat flour prices saw a significant weekly increase of 5.69%. By mid-October 2026, while the annual inflation rate saw a slight decrease of 0.04 percent, falling to 11.38 percent after nine consecutive weeks of increases. However, percent, the price of flour continued to rise, increasing by 3.36 percent during rise. Looking toward the most recent week. Other essential commodities, such as chicken and various pulses, also saw 2027 crop season, Prime Minister Shehbaz Sharif has proposed a wheat price hikes, alongside increases in LPG of Rs4,500 per maund, a Rs1,000 increase from the previous year. The government aims to help farmers manage rising production costs and diesel costs. encourage domestic cultivation. However, the Markazi Kisan League warned that realizing this price depends on the government’s ability to implement a formal procurement plan to rebuild state reserves.

Versions

  1. 2026-10-24 05:25 UTC Pakistan wheat price surge and import efforts
  2. 2026-10-17 02:12 UTC Pakistan wheat price surge and import efforts
  3. 2026-10-10 03:19 UTC Pakistan wheat price surge and import efforts
  4. 2026-10-08 14:56 UTC Pakistan wheat price surge and import efforts
  5. 2026-09-28 19:42 UTC Pakistan wheat price surge and import efforts

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