Matters settled in Food Department and Flour Mills Association. The 30-day deadlock between the government and the flourmills has ended. According to sources, the government accepted the recommendations of the Flour Mills Association. It was agreed to increase the official price of wheat. The price will be increased from Rs. 1400 per man to Rs. 1475 or Rs. 1500 per man.
With a grinding charge of Rs. 100 from the mills, wheat will be Rs. 1575 to 1600 per man. The ex-mill rate for a 20 kg bag of flour will be Rs 805 to Rs 850 and the retail price will be Rs 875. The price per kilowatt will increase from Rs 3 to Rs 3.5. If the execution price of wheat falls below Rs 1,600, the private sector will not be able to import wheat.
According to sources, the recommendations of the Flour Mills Association will be reviewed to give the same wheat quota across Punjab. The committee constituted by the Punjab Chief Minister will send a summary of the execution price of wheat to the Cabinet Committee on July 2.
The execution price of wheat will be fixed after the opinion of the cabinet committee. In 4 days, important announcements will be made about the execution prices of wheat and flour prices.
In the next two to three months, a subsidy of Rs 36 billion on government wheat quota will be approved. The supply of wheat at the rate of Rs. 1800 per man will be ensured per district. The target of 900,000 tonnes of wheat will be achieved in three months by adopting a uniform policy.
It should be noted that after the increase in petrol prices, the increase in the price of flour will be another inflation bomb on the people.
Extracted from City42 News