Islamabad:
The federal government has decided to set up booths all over the country to sell sugar to RS130 per year. Kg.
The decision was made during a meeting of the Sugar Advisory Board, led by the Federal Minister of Industries and Production Rana Tanveer Hussain.
The meeting attended by PSMA, provincial secretaries and sugarcane commissioners approved the establishment of stalls at the municipal level, which started three days before Ramazan until the 27th in Ramazan.
Sugar will be available in one and two-kilogram packages with a purchase limit of 5 kg per day. Person when presenting a national identity card.
Federal ministers and chief secretaries will supervise booths to ensure that consumers get sugar at an affordable price.
The meeting came when speculative trade in sugar has begun to push the prices of the sweetener up, even before the arrival of Ramazan and during the sugarcane season.
Sugar prices have registered an RS12 per Kg of rise during the last week in urban markets, as a 50kg bag with the product on the local market has reached RS7,400 after an increase of RS600.
According to the report, the price of sugar per Kg in the wholesale market increased from RS136 to RS148, while it is sold to RS150 per year. Kg of retailers.
Usually the speeds of the sweetener fall during the crushing season. But this season is the opposite and the rates are going up, even if the crushing season is in full swing.
In December 2024, the ex-Millatrate RS125 was Kg, but it has now jumped to RS140 to 143, says a spokesman for Sugar Dealers Association. He says the ex-mill award for February will be beaten to RS145.
He says that exports of sugar and artificial lack of the product are responsible for the price increase. He fears that if the situation is not controlled, there is a risk that the price of sugar will rise longer in the Ramazan month.
