The price of sugar has hit the Rs. 200 per kg fence in many cities across the country with the Ministry of National Food Security & Research blaming smuggling, hoarding, and market manipulation for the price boost.
In Peshawar, sugar is available for anywhere between Rs 195 to Rs 205 per kg. In Punjab sugar is being sold lowest price compared to other provinces sugar is being sold at Rs. 170 to 190 per kg. In some other big cities, sugar is being sold for around Rs 180 kg.
According to fact, In some cities, Balochistan’s Noshki sugar is being sold at as high as Rs 220 per Kg. Quetta, Kohlu, and Washuk, sugar is being sold for Rs 200 per kg,
The price of sugar has increased by over 80 percent in the last four months. Despite the rising price of sugar, the country was exporting sugar with exports standing at 5,542 metric tonnes in July. However, there will be no further exports of sugar now as the ban on the export of sugar has been in place since August 10.
It is relevant to mention here that in its recent meeting, the Economic Coordination Committee (ECC) of the Cabinet directed the Ministry of National Food Security & Research to coordinate with all the relevant tools and sources to check the smuggling and hoarding of sugar. Furthermore, the ECC also asked the ministry to provide the latest stock, availability, and prices of wheat immediately.