-DAWN - Business; January 14, 2008

Published January 14, 2008
A MIXED price pattern was witnessed on the Karachi wholesale markets last week where prices of some essential items were quoted lower, while others maintained their upward drive on fresh buying by retailers.

While flour prices continued to be higher, wheat showed a modest fall of Rs25 per bag as supply position improved followed by release of a substantial quantity of the commodity from official stocks, dealers said.

Containing wheat prices well below its peak level signals that normalcy could be restored to this sector, which would have sympathetic impact on other essentials

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