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Sugar production in November 2020 stood at 458,435 tonnes after the start of sugarcane crushing which further swelled to 1.423m tonnes during December 2020. File
KARACHI: Sugar is being retailed at Rs105-110 per kg in Karachi against Rs95-100 last week, while consumers in Lahore are paying Rs93-100 against Rs85-90 per kg.
Similarly, in Quetta the sweetener is available at Rs105-106 per kg as compared to Rs95-97 last week.
Karachi Retail Grocers Group (KRGG) General Secretary Farid Qureishi said the wholesale rate of sugar is Rs97 per kg. But Karachi Wholesalers Grocers Association (KWGA) Anis Majeed said the wholesale rate is Rs94 per kg and retailers are minting money by charging Rs105-110 per kg.
Businessmen demand GI tag for Pakistani products
Products which secure GI tag get better prices in international market
PBC said authorities should allow exporters to acquire tangible and intangible assets abroad for accelerating the growth of exports. PHOTO: REUTERS
KARACHI:
The business community has stressed that similar to Basmati rice, Pakistan needs to apply for geographical indication (GI) tag for other products as well to protect and promote locally produced goods that are popular in the international market.
Recently, Pakistan applied for GI tag to the Intellectual Property Organisation (IPO) after a conflict erupted when the European Union displayed India’s request for GI tag for basmati rice on its website. Basmati is aromatic rice grown in India and Pakistan.
By MEGAN DURISIN AND YULIYA FEDORINOVA | Bloomberg | Published: January 30, 2021 Dmitry Bravkov is the kind of farmer that makes Vladimir Putin proud. The Russian president regularly touts his country s rise to the top of the world s agricultural exporters as another sign of its global power. But after 14 years of running a dairy and grain farm 300 miles southwest of Moscow, Bravkov has suddenly found himself on the wrong end of Kremlin policy. In three weeks, he ll get less for his wheat because of new tariffs and quotas designed to curb exports and drive domestic prices lower. With Putin s popularity barely back from record lows, the policy is an attempt to mollify a public battered by falling incomes and rising food costs. Protests demanding the release of jailed opposition leader Alexei Navalny now give Putin another reason to try to shore up support.