After flour, ghee and oil crisis, mill owners sounded the alarm

 The owners of the mills said that millions of tons of palm oil could not be cleared due to non-provision of dollars by the government, state bank and private banks. It’s done.

KARACHI: Ghee mill owners have said that the prices of ghee and oil will increase before the month of Ramadan. Ghee mill owners say that there are more than 3 lakh tons of edible oil and ghee raw material at the ports, but the bank Requests for opening of LCs and retirement of documents are being rejected.

Ghee and cooking oil factories are running out of stock due to non-availability of raw materials, the owners said.

Amjad Rashid, former chairman of Pakistan Banaspati Association, said that the price of palm oil has decreased in the international market, but due to the incompetence of the government, the price of ghee and oil has continued to rise in the local markets.

He said that the prices of ghee and oil have increased by 50 rupees per kg during a week, and if palm oil is not cleared immediately from the ports, the prices of ghee and edible oil may increase by 30 to 40 rupees. There is fear.

Sheikh Amjad Rashid said that the price of edible oil raw material in the international market is 1,500 dollars per ton, due to LCs not being cleared, the price of ghee oil in the local market has reached 1,400 dollars per ton. It’s done.

Sheikh Amjad Rasheed said that the government can now get edible oil on loan from Indonesia and Malaysia like Saudi Arabia model.

He further said that he wrote several letters to the government, Ministry of Commerce, Governor State Bank to solve the problem, the government is not serious, they did not respond. And there will be treasure.

Wheat imported from Russia arrives at Karachi

The main group of wheat imported from Russia by the occupant government showed up in Karachi on Monday.

Service of Food Security authorities reported that two boats showed up in the city and that one more 450,000 tons of wheat from Russia would arrive at Pakistan through Gwadar.

A sum of 7.5 million tons of wheat is being imported at the public authority level and by Walk 30 all the wheat shipments from Russia will have arrived at the country.

In the mean time, ships conveying imported wheat from different nations likewise arrived at Karachi port. Up until this point, 350,000 tons of wheat has shown up at the Karachi port.

As of later, Pakistan’s flour emergency has escalated because of the terrible financial circumstance, lack of unfamiliar trade and annihilation of wheat crops in the floods. Individuals are remaining in lengthy lines to purchase particular packs of flour.

The cost of flour arrived at Rs130 per kg, fine flour was accessible for Rs150 and Chakki flour was selling at a cost of Rs160 per kg. Then again, the 10kg flour sack given by the national government at the utility stores, which costs Rs650, and the modest flour pack by the Sindh government, which costs Rs650 likewise vanished from the market.

Additionally, because of the significant expense of wheat and the lack of gas, the cost of roti has gone up to Rs25.

Executive of Pakistan Flour Plants Affiliation Sindh Locale, Chauhdari Amir said, the country’s wheat saves are diminishing. “The public authority is giving just 30% of the wheat share. We are purchasing 70% of wheat from the open market”.

He said that the cost of a 100kg sack of wheat has expanded to Rs12,500.

The day to day utilization of wheat in Karachi alone is 9,000 tons.