In its dialect to stabilize and bring down the prices of sugar, the federal government has decided to import raw sugar (sugar).
Import of raw sugar, according to a press release issued by the government, will help reduce the prices of sugar and also increase future sugar production, as it can be refined and converted into sugar locally.
As a development, there has been a significant increase in the prices of sugar in the country in recent months, which has reached the nationwide average last month.
Since the week ended on November 28, 2024, sugar prices have increased by Rs 18.58 per kg, depicting an increase of 14.3%. A year ago, in February 2024, the average price was around Rs .144.47 per kg, with about Rs. There was an annual increase of Rs 6 per kg.
Continuous price growth matches the government’s decision to approve large -scale sugar exports.
Between June and October 2024, officials allowed exports of 750,000 metric tonnes in October, including a final approval of 500,000 metric tonnes.
There is a steady increase for supply barriers and export-operated demand of market analysts.
Despite the official value notifications, reports suggest that sugar is being sold at even higher rates in different cities, which accelerates financial pressure on consumers with lower and medium -income.
In Karachi, sugar is being sold in the retail market, which is at a price ranging from Rs 170 to Rs 180 per kg, the rate per kilogram in the wholesale market.
Meanwhile, the price of Quetta sugar in the retail market has experienced an increase of Rs. 15 per kg and is now being sold at Rs. 165 per kg per kg per kg per kg.
Market sources said that in the wholesale market, the commodity is Rs. It is being sold for Rs 175.
