Summary In retail, sugar was sold for Rs 53 per Kilogram in December 2015
KARACHI (Dunya News) – Sugar has seen Rs 5 hike in the last two weeks in the Sindh metropolis.
In the last week, sugar price is increased by Rs 2 in wholesale while by the same in retail markets taking the total to Rs 56 per Kilogram (Kg) and Rs 6 per Kg.
According to the wholesalers, sugar supply is much lesser than its demand leading to hiked price.
In December 2015, fresh stocks in the market had resulted in sugar price cut by Rs 2.
Crushing of sugarcane was started in the province without any price set by the government for the farmers.
Sugar dealers had said that they were purchasing sugarcane yields from farmers on basis of deferred payments.
In retail, sugar was sold for Rs 53 per Kilogram in December 2015.
In Punjab, the government has set Rs 180 per 40 Kilograms of sugarcane.
