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Sugar prices fall by Rs10 in Karachi

Sugar prices in Karachi have dropped significantly in the past week, with wholesale rates falling by Rs 10 to Rs 174 per kilogram. Retail prices range between Rs 180 and Rs 185 per kilogram in the city. Read: Sugar, power and patronage However, the sugar situation in Punjab is more complicated. The province is facing an ongoing sugar crisis, triggered by disputes among sugar mills, wholesalers, and brokers over the newly set official prices. The federal government has set the price of sugar at Rs 165 per kilogram for mills and Rs 173 for retail sales, but these prices have not been accepted by sugar dealers, who claim that mills are selling sugar at Rs 176 per kilogram. Read more: Deal falls flat as sugar prices stay high As a result, sugar suppliers in Punjab have suspended deliveries, causing the price to rise to Rs 200 per kilogram in some areas. Also read: Govt signs fresh sugar export deal Dealers have warned that the sugar supply will remain halted unless mills comply with the official prices set by the government.

from Pakistan News, Latest News Pakistan, Pakistan Headline | The Express Tribune https://ift.tt/dBs67Qx
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