The price of the 20kg bag has jumped to Rs 780 from Rs 720. The 40kg bag of fine quality wheat flour surged by Rs 1560 while sugar was selling 2700 per 50 kg instead of Rs 2550 although there is enough stock of sugar and flour are available in the area.
A Naanbai in the local market, said hoarders had again started buying huge quantity of wheat for storing it to earn unjust profits in the near future. The dealers and flour millers predict that after the increase in release prices, there would also be an increase in the wheat prices in the open market; therefore, most of them want to store the commodity before the price increased further, he added. Local residents complained that why at once these prices were go up and demanded of the government to take action against these price hike in the area.