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Future trade in sugar beyond 15 days banned - Newspaper

LAHORE: Apparently in a bid to streamline sugar supplies in the province, the Punjab cane commissioner has cancelled all forward buying deals beyond 15 days. In a letter to all deputy commissioners in the province on Thursday, Cane Commissioner Muhammad Zaman Wattoo asked them to ensure that there is no future buying/selling other than permitted in the Punjab Sugar (chain-supply) Management Order 2021 is done in their respective districts. The letter explains that the order allows an individual dealer or wholesaler to strike a future trade deal for 15 days, while this period for an industrial consumer is three months. The purchase/sale agreements beyond these periods by the mills are also prohibited, it adds.

Sugar, flour missing from retail shops in Lahore - Pakistan

Retailers say that they were having intermittent and limited wheat flour supplies for the last four weeks before Ramazan but the supplies totally dried up at the advent of the month of fasting. File LAHORE: Sugar and wheat flour have gone missing from the shelves of the most of retail shops in the provincial metropolis as the government is focusing on maintaining supplies to its Sasta Ramazan bazaars. Retailers say that they were having intermittent and limited wheat flour supplies for the last four weeks before Ramazan but the supplies totally dried up at the advent of the month of fasting.

Punjab lifts 4,000 tons sugar; millers agree to Rs80/kg price

Punjab lifts 4,000 tons sugar; millers agree to Rs80/kg price Business April 10, 2021 LAHORE: Punjab government reiterated its resolve of selling sugar to registered dealers at the set rate of Rs80/kg as per the law and managed to lift 4,000 tons till Friday afternoon despite the reluctance of millers. Cane Commissioner Punjab Muhammad Zaman Wattoo told The News that no mill would be allowed to create bottlenecks in sugar supply to the market on flimsy grounds. “There is no such condition of NTN and sales tax registration for dealers,” he said. The commissioner further said that they managed to lift 4,000 tons of sugar till Friday afternoon despite the reluctance of millers.

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