Pakistan Wheat Prices Soar to 29-Month High Amid Domestic Supply Crunch

Pakistan's national average wheat price has reached a 29-month high on August 6, 2026, due to constrained local availability of wheat and shortages across markets. According to Topline Securities, this sharp increase reflects the domestic supply constraints.

The federal government is considering importing 1 million tons of wheat to ease the supply gap. Higher wheat prices are expected to benefit farmers through better returns on their crops, potentially boosting spending and economic activity in rural areas.

However, consumers may face increased costs for flour and other wheat-based food products if prices remain elevated. Wheat is one of the largest components of Pakistan's food basket and carries significant weight in the country's inflation index.