Robust Commodity Sales Thanks to Accelerated Flood Relief – Business
KARACHI: Heavy monsoon rains and subsequent flooding have opened up new selling opportunities for commodity traders as political parties, non-governmental organizations (NGOs), high-net-worth individuals and traders strive to raise rations for flood victims.
Commodities such as pulses, rice, sugar, tea, wheat flour, milk powder, etc. are now in high demand. Other relief items also include medicine, soap, mosquito nets, pillows, water coolers, six-liter water bottles and slippers, while toffees and cookies are sent for the children. .
At a time when the prices of almost all commodities except sugar have become beyond the reach of many people, wholesalers have offered paltry discounts to various political parties and NGOs on lifting large quantities.
A number of traders at the Dandia Bazaar wholesale center have extended their opening hours due to the huge demand for groceries.
Private sector more active than government in saving flood-affected people from starvation
A commodity trader said people were each lifting five kilograms of flour and rice; three kg of sugar; two kg each of chickpeas and moong; 250 grams each of tea and milk powder; two kg of ghee; a packet of salt and 250 grams of soap at the price of Rs 3,660 for a ration bag.
“In this difficult time, this is an ideal ration pack so far for flood victims,” he said, adding that the pack above is enough for five to seven members of the family for at least 15 days. According to the tariff he quoted, the food quality seems to be average rather than high due to price issues.
“The floods have increased the demand by 25% for various essential food items,” said Rauf Ibrahim, chairman of the Karachi Wholesalers Grocers Association (KWGA). Dawnadding that traders are offering a 5-10% discount on heavy lifting of commodity stocks.
The KWGA chief said the additional demand came at a time when the cost of living for many people had already reached an alarming level due to soaring food prices and utility bills.
However, he said individuals and the private sector are more active than the provincial and federal governments in saving flood-affected people from starvation.
“I cannot predict how long the relief efforts of people from various walks of life will continue to ensure a steady supply of food for victims residing in makeshift settlements or on the roadsides,” he said, fearing that these efforts can only last for the next two years. three months.
He believes that the provincial and federal governments must take responsibility for providing special care to flood victims who will need at least one or two years to recover and return to normal life.
Mr Ibrahim said the price of Rice 386 is now Rs 100-125 per kg from Rs 60-70 in January 2022, while the price of Basmati Kernel is now Rs 320 from Rs 180 per kg. Basmati (broken) now carries prices of Rs140-170 from Rs110-130 per kg.
The price of masur, moong, mash and gram is now quoted at Rs320-360, Rs230-280, Rs380-420 and Rs240-300 per kg from Rs210-240, Rs180-220, Rs260-300 and Rs160-200 per kg in January.
Posted in Dawn, September 11, 2022