ISLAMABAD, July 23 (China Economic Net) - According to the data of Sensitive Price Index, sugar prices soared to Rs98-110 per kg in major cities of Pakistan in fiscal year 2021 as compared to Rs78-85 in the preceding year. Thus consumers have to pay Rs20-25 more.
Touching upon why the sugar prices increased, Iskandar Khan, Central President of Pakistan Sugar Mills Association, said “when mills buy expensive cane from the middleman, automatically sugar prices rise. So later it’s found that the recovery of sugar cane will be reduced this season. In the present price of sugar, 80% is the price of sugarcane.”