{"id":225705,"date":"2021-11-06T07:52:42","date_gmt":"2021-11-06T02:52:42","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=225705"},"modified":"2021-11-06T07:52:42","modified_gmt":"2021-11-06T02:52:42","slug":"sugar-price-jumps-to-rs160-per-kg-on-market-rigging","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/sugar-price-jumps-to-rs160-per-kg-on-market-rigging\/","title":{"rendered":"Sugar price jumps to Rs160 per kg on market rigging"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nFormer President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said despite the claims of a record crop of sugarcane, the price of sugar has gone up to Rs160 per kg which is a deadly attack on the people.<br \/>\nThe sugar mills mafia has raised the price of sugar Rs55 per kg in one week, which is condemnable as it is fanning chaos, he said.<br \/>\nOn the one hand, claims are being made to control the price of sugar but on the other hand, the owners of sugar mills have been given permission to plunder the public which is an administrative collapse, he added.<br \/>\nIn a statement issued here, Shahid Rashid Butt said that the millers have intestinally broken the supply chain, rigged the market and spelled a price disaster ten days before the start of the crushing season which is unacceptable.<br \/>\nThe people will not accept the hike as the sugar mill owners continue to steal billions of rupees which has now reached Rs265 billion under the present government, he observed.<br \/>\nThe business leader said that the monthly consumption of sugar in Pakistan is 4.5 million tonnes and an increase of one rupee per kg in the price of sugar would benefit the sugar mills mafia to the tune of Rs5.25 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said despite the claims of a record crop of sugarcane, the price of sugar has gone up to Rs160 per kg which is a deadly attack on the people. The sugar mills mafia has raised the price of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-225705","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sugar price jumps to Rs160 per kg on market rigging<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/sugar-price-jumps-to-rs160-per-kg-on-market-rigging\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sugar price jumps to Rs160 per kg on market rigging\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Friday said despite the claims of a record crop of sugarcane, the price of sugar has gone up to Rs160 per kg which is a deadly attack on the people. 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