KARACHI: Despite the announcement of Deputy Prime Minister Ishaq Dar’s firm, consumers continue to pay more for sugar that a few days ago, sweet prices should not exceed Rs 16 per kilogram.
The average national price of sugar in different cities was raising between Rs 164-180 per kg.
Raov Ibrahim, president of the Karachi Wholesalers Grocers Association (KWGA), reminded that after Prime Minister Shahbaz Sharif on March 15, the spit rate of sugar fell from 15kg per kilogram in Karachi. However, retailers did not approve the impact of falling Rs 10 per kg and continued cash on high demand during Ramadan.
The government has failed to ensure that consumers can buy sugar for Rs 130 per kilogram. Mr Rauf remarked that no serious crackdown has been launched against the Millers, and only retailers have to face music.
Since other government ministers have held talks with sugar millions, the wholesale rates of sugar have returned to a kilogram per kilogram, they want to investigate the cost of sugar production.
On Friday, a spokesman for the Pakistan Sugar Mills Association (Punjab Zone) said that under secret consideration, some constituencies create constant misunderstandings and link sugar prices to its exports.
“Prices hikes are not attributed to exports. At the end of September 2024, the industry had two years surplus sugar production in the pipeline (about 1.2 1.2 million tonnes of tonnes of Rs 250 billion), which was not allowed by banks at a rate of fifty at the interest rate of 15 pc, if the government was not allowed.”
He said exports have been allowed to verify the additional stock after a lot of delays and by several government sources.
In addition, in June 2024, the government agreed that the season, which was crushed 2023-24 during the export period, will be increased to 2023-24 and the previous mill rate of sugar born in the Kerryover over. The spokesman said that the cost of sugar production, which is mainly dependent on sugarcane prices, is different in each crushing season.
In this season, he claimed that the farmers had historically achieved high sugarcane rates, which is up to Rs 750 per month, which has provided them with the possibility of stability and better sugarcane crops in the agriculture sector in the coming years. Therefore, it is fully biased and blasphemous to link sugar prices to its exports at a particular location for the future.
He added that sugar prices have been increased by affecting market forces through media campaigns through media campaigns by storage and curious traders to make inappropriate profits.
For the past several years, the Sugar Industry has been requesting the government to set free cost auditors to confirm the cost of sugar production so that it can be made more reliable and acceptable for all stakeholders.
The sugar industry has also urged the government to adopt a two -level method for separate sugar prices as the trade sector uses 80pc sugar and 20PC by domestic consumers. The trading sector is fully unorganized and exempt from controlling any cost. The sugar industry will encourage the government to devise a supporting procedure for domestic consumers.
Dawn, appeared on March 22, 2025
