Sugar prices unlikely to go as low as last year, says Karachi Grocers Association
TLTP
ISLAMABAD
Prime Minister Imran Khan has congratulated his economic team for bringing sugar prices down through a multi-pronged strategy.
In a tweet on Saturday, the Prime Minister said that sugar is being sold at a national average of Rs81 per kilogram while it was at Rs102 per kilogram a month back.
His words were echoed by his team members as Federal Minister for Planning and Development Asad Umar and Federal Minister for Industries and Productions Hammad Azhar took to Twitter to hail the PTI government’s efforts to bring down the price.
Umar said when an attempt is made to change a corrupt system then those benefiting from it tend to resist but if the government is courageous then it succeeds in the end.
“The ex-mill and retail rates of sugar are down by approximately Rs30 per kg in the last one month,” wrote Hammad Azhar. “Competitive sugar import by [the] government, its supply at control rates and timely start of mills crushing season provided relief to both consumers and farmers.”
Meanwhile, Karachi Grocers Association general-secretary Fariq Qureshi said the sugar prices have gone down with the beginning of the crushing season and import of the commodity. He said the commodity was being sold at Rs72 in wholesale market and Rs78 in retail across Karachi. “The prices went from Rs52 to Rs102 and now its coming down,” he said.
The general secretary said during last year’s crushing season the wholesale price was Rs50 and retail was Rs52. He added that it was unlikely the price would go as low as last year.
