Highlights

• Average wheat grain retail prices were on decreasing since July-2011 and continued until the reporting month (May 2012). It is mainly due to decrease of wheat price on the regional markets (Pakistan and Kazakhstan). On the international market continues decreasing trend of wheat price started from October 2011 till April 2012. Recent decrease in wheat price is also due to normal trend of export from main export countries and good precipitation which will hopefully result in good harvest this year.

• Following the Wheat grain price trend, Wheat flour average price is also on decreasing since July-2011. It decreased by 2.5% during May 2012, but still 33% above pre-food price crisis (Jan-Oct 2007). All cereals together are 34.2% higher than the pre-crisis level.