Pakistan Weekly Market Monitor Report - September 2020 - Pakistan

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Pakistan Weekly Market Monitor Report - September 2020

Format

Situation Report

Source

Posted

18 Sep 2020

Originally published

18 Sep 2020

HIGHLIGHTS

In August 2020, the average retail prices for wheat and wheat flour increased by 6.6% and 1.4%, respectively, while the prices of rice Irri-6 and rice Basmati increased by 0.6% and 0.7%, respectively, when compared to the previous month;
Headline inflation based on the Consumer Price Index (CPI) increased in August 2020 by 0.63% over July 2020 and increased by 8.21% over August 2019;
The prices of staple cereals and non-cereal food commodities in August 2020 experienced negligible to slight fluctuations, except for sugar which experienced a significant price increase and live chicken which had a significant price decrease when compared to the previous month’s prices;
In August 2020, the average ToT slightly decreased by 1.3% from the previous month;
In September 2020, the total global wheat production for 2020/21 is projected at 770.49 million MT, indicating an increase of 4.46 million MT compared to the projection made in August 2020.