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Summary As the prices go down in the international market, prices of edible commodities go up in Pakistan.
When the government increases prices of petrol or edible commodities, it is justified by the increase in the international market but when the prices drop neither the government nor the traders lower their prices.According to the Federal Department of Statistics, in March, wheat prices were increase by one percent, rice and cooking oil by 2.5 percent, tea increased by six percent while the price of bananas increased were by nine percent.On the other hand, in the international market, wheat prices went down by nine percent, palm oil 8.5 percent, rice four percent and tea by 5.5 percent while bananas prices also went down by two percent. The price of sugar decreased in Pakistan by 1 percent compared to 11.5 percent in the international market.
