Wheat Crisis
1.6 million tonnes of stored Wheat were swept away by torrential monsoon rains in Sindh and another 300,000 tonnes in Punjab.
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According to news reports, the Sindh government failed in saving wheat stock due to unmanaged rainwater. Consequently, around 1.6 million tonnes of wheat stock, which was stored in government warehouses in the Larkana division got wasted.
On the other hand, 300,000 tonnes of stored wheat in the Rajanpur and Fazilpur districts of Punjab have also been swept away due to floods, leaving the province on the verge of a wheat flour crisis.
More than 90% of Pakistani households are wheat consumers. The recent floods have destroyed or damaged land that will directly impact wheat harvest this year.
Wheat prices have already surged by almost 30% in the past three weeks and they might hover around PKR 200/Kg in Pakistan in the coming days as predicted by the Chairman of Karachi Wholesalers Grocers Association (KWGA).
What is the price (national average) of a 20 Kg wheat flour bag right now? (scroll down to find out)
GRAPHIC OF THE DAY
Provincial Crop Reporting Services had estimated wheat production at the level of 26.9 million tonnes against the assigned target of 28.9 million tonnes, showing a shortfall of 6.9%. The total availability of wheat was estimated at the level of 28.7 million tonnes during the Food Year 2022-23 (back in March 2022) as compared to the national requirement of 30.8 million tonnes, leaving behind a net shortfall of 2.1 million tonnes
INSTAGRAM POST
Pakistan was facing a wheat shortage of about 2.1 million tonnes even before the floods. The price of a 20 Kg wheat flour bag has surged by 22.47% since last week — www.instagram.com
Weekly Data Watch (Commodities):
• Prices of Wheat (+22.4%), Chicken (+4.5%), and Potatoes (+1.4%) rose vs. last week
• Fall in prices of Tomatoes (-8.2%) and Daal Masoor (-0.99%) helped moderate inflation
View more
TWEET
🇵🇰 🌊 40 days post-flash flooding in Pakistan followed by one of the largest displacements in human history and losses worth USD 40 billion. Pakistan needs us more than ever!
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