Sugar is becoming expensive in the country once again, according to a report, its ex-mill price has been increased from Rs 115 to Rs 125 per kg in the last 20 days, while small shopkeepers are selling sugar at Rs 140 per kg instead of Rs 125. Sugar dealers have rightly warned that the situation could become serious if the government does not take the matter seriously. In fact, the sugar industry, being exceptionally profitable, has been the focus of special interest of the country’s ruling circles for a long time. To achieve maximum financial benefits, these long-handed owners of sugar mills use various tactics under a concerted strategy and thus earn illegal profits from millions of their countrymen, most of whom can hardly manage even two meals a day. It is incomprehensible that the price of sugar should increase during the crushing season.
Artificial shortages are being created by spreading rumors of sugar exports and production of 600,000 to 700,000 tons less than last year, while sugar had already started becoming expensive even before export permission was granted. It should be noted that the Economic Coordination Committee, in its meeting chaired by the Federal Finance Minister on October 11, had approved the export of 500,000 tons of sugar, explaining in its announcement that there were so many surplus reserves of sugar in the country that there was no fear of shortage. According to provincial statistics, 2 million tons of sugar reserves were available in the country as of September 30 and the consumption in October and November was estimated at 900,000 tons. The committee’s announcement warned that export permission would be withdrawn if sugar prices increase. Therefore, in order to maintain the fixed price of sugar in the interest of the common man, further exports should be stopped immediately and necessary disciplinary action should be taken against those spreading misleading rumors.
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