Sugar price rises

Pakistan News

Karachi: The retail cost of sugar swelled to Rs62-65 for every kg in front of Ashura from Rs56 for every kg a week ago on account of climbing cost in the wholesale market. The wholesale cost of sugar bounced to
Rs57.50 for every kg from Rs55-56 for every kg a week ago. The wholesale cost was Rs52-53 for every kg before Eidul Azha (in the second week of October). A wholesaler said that the business was confronting deficiency as stocks were exhausting. Sugar factories might begin stick pounding either from Nov 15 or Dec 1 rather than Nov 1, he said. Sugar request typically spikes in Muharram as it is utilized within getting ready different plates. As per Pakistan Bureau of Statistics, import of sugar throughout July-September 2013 stood at 3,316 tonnes ($1.4 million) contrasted and 1,458 tonnes ($1m) in the same period a year prior. Year-on-year fare of the thing tumbled to 60,925 tonnes ($29m) in the quarter from 96,034 tonnes ($53m).