After flour, pulses prices are rising in Pakistan

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Karachi, January 13 (IANS) Just as flour prices are about to fall, following a relentless upward trend seen in recent months, another staple kitchen item has started to become more expensive for people in Pakistan who have been badly battered by inflation.

Legume prices are rising, thanks to import shipments not being cleared at the port due to a delay in the approval of relevant documents by banks, Dawn reported.

Rauf Ibrahim, chairman of the Karachi Wholesalers Grocers Association (KWGA), said traders protested outside the state bank’s headquarters on Thursday over the non-clearance of more than 6,000 containers of legumes at the port over the past two months due to a shortage of dollars. and banks’ reluctance to approve import documents.

A commodities importer/exporter, Faisal Anis Majeed, told Dawn that the wholesale price of gram pulses had increased to PKR 205 per kg from PKR 180 on Jan 1, 2023 and PKR 170 on Dec 1, 2022.

The Masoor price reached 225 PKR from 205 PKR while it stood at 200 PKR in December.

In retail markets masoor, mung, mash and gram pulse rates have increased to 270-280 PKR, 250-300 PKR, 380-400 PKR and 230-260 per PKR kg from 210-240 PKR, 180-220 PKR, 260- 300 PKR and 160-200 PKR per kg in January 2022.

The sales price can increase further if legume containers are not cleared from the port.

Majeed regretted that from January 1, 2023, banks will no longer accept import documents, as well as payment of currently arrived cargo and other relevant documents, Dawn reported.

Pakistan consumes about 1.5 million tons of imported legumes annually.

He pointed out that stuck containers face heavy demurrage charges and detentions by shipping companies on a daily basis.

These additional costs will, of course, be passed on to end users, he added.

–IANS

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