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Punjab Shock: Wheat Bought Cheap, Stored Secretly

Lahore, Punjab: A troubling revelation has come to light amidst the ongoing discourse between political factions, farmers, and government authorities in Punjab. Reports unveil a scheme where wheat, procured from farmers at reduced rates, is clandestinely stocked in warehouses, potentially fueling the operations of a hoarding syndicate.

Punjab Shock: Wheat Bought Cheap, Stored Secretly

Sources indicate that certain entities, dubbed the “hoarding mafia,” are acquiring wheat from farmers at bargain prices, which is then stashed away in undisclosed locations. This hoarded wheat is anticipated to be released into the market after a few months, fetching substantially higher prices when sold to flour mills.

Over the past two years, such activities have been implicated in driving up the prices of flour, exacerbating the economic strain on consumers. Presently, farmers in the region are reportedly selling wheat for prices ranging from 3200 to 3300 rupees per maund. However, intermediaries are offloading this same wheat to flour mills at rates ranging from 3500 to 3600 rupees.

Despite a recent reduction in the cost of a 20-kilogram bag of flour by 600 rupees, the relief experienced by the public remains incomplete. Profiteering by wheat sellers persists, with a profit margin of 200 to 300 rupees per bag noted. In Lahore, consumers continue to face elevated prices, with a 20-kilogram bag of flour fetching between 2000 to 2100 rupees.

This alarming scenario not only exploits the toil of farmers but also exacerbates the financial burden on ordinary citizens. As stakeholders deliberate on potential interventions to curb such practices, the plight of both farmers and consumers remains a focal point in the ongoing discourse surrounding agricultural policies and market regulations.

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Authorities are urged to take swift and decisive action to address this issue and restore equity in the wheat market, safeguarding the interests of both producers and consumers alike.

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