Pakistan

Pakistan Market Monitor Report - February 2020

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HIGHLIGHTS

  • In January 2020, the average retail price of wheat more than slightly increased by 9.9% and the price of wheat flour increased slightly by 5.8% from December 2019; the price of rice Irri-6 increased by 0.3% while rice Basmati decreased negligibly by 0.4% in January 2020 when compared to the previous month;

  • Headline inflation based on the Consumer Price Index (CPI) increased in January 2020 by 1.97% over December 2019 and increased by 14.56% over January 2019;

  • The prices of staple cereals and most of non-cereal food commodities in January 2020 experienced negligible to slight fluctuations, with few exceptions when compared to the previous month’s prices;

  • In January 2020, the average ToT slightly decreased by 5.4% from previous month;

  • In February 2020, the total global wheat production for 2019/20 is projected at 763.95 million MT, indicating a decrease of 0.44 million MT compared to the projection made in January 2020.