The prices of vegetables in Pakistan soared, while imported grains led to an increase in the trade deficit in September 2020.

Published 2020년 10월 7일

Tridge summary

Pakistan is experiencing a significant increase in the prices of essential foods such as tomatoes, onions, and ginger, with prices doubling or tripling in recent days. This price hike is attributed to the suspension of sales in neighboring countries, poor harvest in Balochistan, and high import costs. The country's trade deficit has also surged by 19.5% in September, reaching US$2.391 billion, primarily due to increased imports of grains and other products. The government is considering various measures to address these issues, including import restrictions and subsidies. The high profit margin between wholesale and retail prices is also drawing concern.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of tomatoes and onions in Pakistan have soared, and imported grains have led to a 19.5% increase in the trade deficit in September. According to Pakistani media reports, the prices of tomatoes and onions in the Karachi market in Pakistan have soared from 150 rupees and 50 rupees per kilogram to 200 rupees and 80 rupees, a new high. In addition, the price of ginger has soared to 600 rupees and even reached 700 rupees in some areas. Retailers said that the suspension of sales of tomatoes and onions in Iran and Afghanistan in the previous week led to further price increases. In addition, the poor harvest of onions and tomatoes in Balochistan has exacerbated the shortage of these vegetables. On October 1, the price of tomatoes in Karachi market has been raised to 168 rupees and the price of onions to 73 rupees per kilogram previously. They are 93 rupees and 43 rupees respectively. A month ago, the official prices of tomatoes and onions were 58 rupees and 41 rupees ...

Source: Lvguo