Commodities
Pakistan's Wheat Prices Hit 29-Month High Amid Domestic Shortages
Pakistan's wheat prices have reached a 29-month high on August 6, 2026, due to tightening domestic supplies and market shortages. According to Topline Securities, the sharp increase in prices is a result of constrained local availability of wheat.
The higher prices are expected to improve farm incomes and support economic activity in rural areas. However, this also increases the likelihood of higher food inflation.
The federal government is considering importing 1 million tons of wheat to ease the supply gap. Wheat is a significant component of Pakistan's food basket and carries substantial weight in the country's inflation index.