Agriculture
- Essential Kitchen Items Become Dearer Ahead Of Eid
Prices of all essential kitchen items have been increased significantly ahead of Eidul Azha, reveals a survey conducted by Business Recorder here on Saturday. Retailers and wholesalers from different markets of the twin cities of Rawalpindi/Islamabad...
- Fruits Become Costlier During Ramazan
July 15, 2013 Skyrocketing prices of fruits in wholesale and retail markets have pushing the buyers beyond their purchasing power, as registering an hike of 50 to 70 percent in all varieties fruits during the first week of the holy month of Ramazan. With...
- Prices Of Food Items Soar Phenomenally
July 14, 2013 WAQAR LILLAH With the advent of holy month of Ramazan, skyrocketing increase was witnessed in the prices of perishable and non- perishable food items last week as compared to the preceding week, reveals a survey conducted by Business...
- Flour Price May Go Up By Rs 20-25 Per 20kg Bag
Friday, July-12-2013 The flour millers are all set to increase wheat flour price by Rs 20 to 25 per 20-kg bag, market sources said. According to the sources, during the last six months, the commodity's price has been increased by Rs 150 per 20-kg...
- Vegetables, Fruits Prices On Rise In Retail Market
June 20, 2013 N H ZUBERI Vegetables and fruits prices have started climbing as retailers feared that onion and tomato may become dearer in coming days. They said that consumption of onion, green chili, tomato, potato and fruits increased and alleged that...
Agriculture
Prices of black tea varieties surge by Rs 50-100 per kg
The prices of black tea surged between Rs 50 and Rs 100 per kilogram on the back of the government's decision to withdraw the relaxation of 11 percent sales tax on imports, market sources told Business Recorder on Tuesday.
"The government has withdrawn its pervious decision of (charging) 5 percent sales tax on black tea imports, reverting back to the standard rate of 16 percent which has badly hit the tea prices in the local market," blenders and importers told this correspondent.
"The government has withdrawn its pervious decision of (charging) 5 percent sales tax on black tea imports, reverting back to the standard rate of 16 percent which has badly hit the tea prices in the local market," blenders and importers told this correspondent.
On June 2 last year, the government had reduced sales taxes on tea imports to discourage smuggling, improving the quantum of legal imports. However, this facility has been withdrawn only after eight months. Tea consumers did not get any relief even after the government reduced the incidence of sales tax rates and industry sources anticipated the prices to rise further in the days ahead. Market players also cited the devaluation of Pakistani rupee against US dollar as a major factor affecting tea prices in the local markets.
Previously, the wholesale price of 'Danedar' (BP-1) tea variety was Rs 540 per kg, which is now being sold at Rs 580 per kg. Its retail prices, sources said, was Rs 565 per kg. Similarly, the price of Leaf (PF-1) tea variety was Rs 565 per kg in retail markets against its previous price of Rs 520/kg.
The wholesale price of the same variety was 550 per kg, which is now being sold at Rs 560 per kg. Sources said that the price of Melenia (BP-1) brand of Indonesian black tea also witnessed a steep rise. It increased by Rs 140 per kg. Its previous wholesale price was Rs 240, and it was now being sold at Rs 380 per kg.
Retailers said that the share of low-quality Indonesian tea in the local market ranged between 30 and 40 percent. Similarly, the share of low-quality tea from Rwanda (Melandi, PF-1) was 10 percent, while its prices soared by as much as Rs 85 per kg, rising from Rs 305 per kg to Rs 390.
Previously, the wholesale price of 'Danedar' (BP-1) tea variety was Rs 540 per kg, which is now being sold at Rs 580 per kg. Its retail prices, sources said, was Rs 565 per kg. Similarly, the price of Leaf (PF-1) tea variety was Rs 565 per kg in retail markets against its previous price of Rs 520/kg.
The wholesale price of the same variety was 550 per kg, which is now being sold at Rs 560 per kg. Sources said that the price of Melenia (BP-1) brand of Indonesian black tea also witnessed a steep rise. It increased by Rs 140 per kg. Its previous wholesale price was Rs 240, and it was now being sold at Rs 380 per kg.
Retailers said that the share of low-quality Indonesian tea in the local market ranged between 30 and 40 percent. Similarly, the share of low-quality tea from Rwanda (Melandi, PF-1) was 10 percent, while its prices soared by as much as Rs 85 per kg, rising from Rs 305 per kg to Rs 390.
Source: 
- Essential Kitchen Items Become Dearer Ahead Of Eid
Prices of all essential kitchen items have been increased significantly ahead of Eidul Azha, reveals a survey conducted by Business Recorder here on Saturday. Retailers and wholesalers from different markets of the twin cities of Rawalpindi/Islamabad...
- Fruits Become Costlier During Ramazan
July 15, 2013 Skyrocketing prices of fruits in wholesale and retail markets have pushing the buyers beyond their purchasing power, as registering an hike of 50 to 70 percent in all varieties fruits during the first week of the holy month of Ramazan. With...
- Prices Of Food Items Soar Phenomenally
July 14, 2013 WAQAR LILLAH With the advent of holy month of Ramazan, skyrocketing increase was witnessed in the prices of perishable and non- perishable food items last week as compared to the preceding week, reveals a survey conducted by Business...
- Flour Price May Go Up By Rs 20-25 Per 20kg Bag
Friday, July-12-2013 The flour millers are all set to increase wheat flour price by Rs 20 to 25 per 20-kg bag, market sources said. According to the sources, during the last six months, the commodity's price has been increased by Rs 150 per 20-kg...
- Vegetables, Fruits Prices On Rise In Retail Market
June 20, 2013 N H ZUBERI Vegetables and fruits prices have started climbing as retailers feared that onion and tomato may become dearer in coming days. They said that consumption of onion, green chili, tomato, potato and fruits increased and alleged that...