ISLAMABAD – The first-ever consignment of wheat imported from Russia reached Sindh’s capital on Saturday, raising hopes that the ongoing flour crisis in Pakistan would ease in the coming days.
The development is likely to improve the possibility of a reduction in flour prices, as Pakistan facing issues related to agriculture in the aftermath of last year’s flood.
On Saturday, the first shipment of wheat from Moscow arrived in Karachi with 1,000 tons of the commodity.
The shipment is said to be the first wheat shipment ordered from Russia by the private sector and was purchased at $279.50 per metric ton.
The price of basic commodities in the local market is likely to go down with the arrival of the shipment, the sources said. The wheat imported from Russia will be sold to flour mills at Rs92 per kg, they added.
A significant reduction is expected in the price of flour sold to the common consumer in the market, the sources said.
