Wheat, flour prices soar, expected to remain high till new crop arrives

Owing to the Russia-Ukraine war, global demand for wheat has increased sharply while production has been low, which has led to the spike in prices of the commodity.

Wheat, flour prices soar, expected to remain high till new crop arrives

In the past one month, prices of wheat and flour have soared by 5 per cent and 4 per cent, respectively, and commodity watchers expect them to remain high till the new crop arrives, which is bad news for the consumers of the two essential commodities.

In the past one year, wheat prices have gone up by 15 per cent, while flour prices have increased by 23 per cent, and with the new crop expected only in April 2023, the prices are expected to remain high, market watchers said.