Two tons of roti became difficult: 7-8 percent increase in flour prices in a fortnight

In the difficult situation of inflation, even two tins of roti is becoming difficult for the poor and middle class. The prices of wheat flour have gone up by 7-8 per cent in the last fortnight as the price of wheat has gone up. Flour mill owners are also facing problems due to the continuous […]
 


Two tons of roti became difficult: 7-8 percent increase in flour prices in a fortnight

In the difficult situation of inflation, even two tins of roti is becoming difficult for the poor and middle class. The prices of wheat flour have gone up by 7-8 per cent in the last fortnight as the price of wheat has gone up.

Flour mill owners are also facing problems due to the continuous increase in the prices of wheat flour. He has requested the government to sell the quantity of wheat in the open market from its buffer stock.

“We have never seen such a rise in prices before,” said a flour mill owner. The only option left with the government to check rising prices is to announce sale in the open market, which will force the hoarders of wheat to dump the goods in the market.

According to millers across the country, there has been a sharp jump in prices in the last two weeks. During the last 10-15 days, the price of wheat flour has increased by Rs 2.5 to Rs 3 in Mumbai, taking the price of flour to Rs 26 per kg. A wheat exporter from North India said that the price of wheat in Kandla rose by Rs 2 per kg to Rs. 25 per kg.

Food Corporation of India’s wheat procurement fell by 56 per cent to 187.9 lakh tonnes till July 31, from 433.4 lakh tonnes in the year-ago period. This year the production was reduced due to extreme heat during the main phase of crop growth. Of course, the government said that there is sufficient quantity of wheat in the country to meet the local requirement.

There is a big difference between government figures and business forecasts. The availability of wheat in the open market is decreasing day by day. Due to this shortage, bulk procurement of quality wheat is difficult.

Another reason mill owners are concerned is that the new local crop is still seven months away. Price hikes and supply shortfalls seen in July usually occur after October-November.