A great increase in prices in Pakistan due to the Floods
Islamabad (Pakistan) – While more than one thousand individuals have died in the floods, affecting 70% of Pakistan, there is a loss of thousands of Rupees to the Government. This has given a tremendous hike in the prices. There is a huge rise in the prices of vegetables in Lahore. Tomatos are priced at 500 Pakistani Rupess per kilo. Onion is 300 rupees per kilo, while lemons are sold at rupees 400 per kilo. In Pakistan, the normal price used to be tomato Rs.80, Onion Rs.61, but the private retailers are selling vegetables at 5 times that price. The traders are justifying the hike in prices by saying that as they are purchasing from the wholesale market at a higher price they too have to increase their prices.
Amid massive surge in the prices of various vegetables and fruits in Lahore and other parts of Punjab province due to devastating floods, the Pakistan government may import tomato and onion from India, according to the market dealers here. “On Sunday, … https://t.co/50YyKENlgQ
— Business Standard (@bsindia) August 28, 2022
The floods in Sindh and Punjab have completely destroyed the sugarcane and cotton crops in the states, while marginally destroying the Kharif crop of onion, tomato, and chillies. About 20 Lakh tons of wheat stored in the warehouses of Sindh are spoilt. This has created a danger to the country’s food security.