Half of wholesale markets flouting govt sugar price cap
Business
April 20, 2021
LAHORE: Half of the main wholesale markets in the Punjab are openly flouting the sugar price cap set by the government, official data showed on Monday.
As much as Rs10 or more per kilogram of sugar is being charged at mandis of Rawalpindi, Gujranwala, Multan, Dera Ghazi Khan and Rahim Yar Khan if compared with notified wholesale price of Rs81-82 per kg, as per the data released by agriculture marketing services of the provincial government.
There are 10 main wholesale markets in the province.
The average wholesale prices range between Rs8,854 to 8,809 per 100 kg, which is Rs3 to 5 more than the notified price of Rs85 per kg.
Half of wholesale markets flouting govt sugar price cap
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Half of wholesale markets flouting govt sugar price cap
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LAHORE: Urging the government to allow maximum dealers to lift sugar from the mills, the Pakistan Sugar Mills Association (Punjab zone) laments that the provision stores are not being allowed to sell the sweetener at the market rates.
In a statement issued here on Friday, a spokesperson for the PSMA also challenges the cane commissioner’s assertions about sugar price saying the officer had not been consulted for the price issue. He says that under a court order the mills are providing 150,000 tonnes of sugar at a rate of Rs80 per kg for the lower-income group people. But the retail shops other than those that are supposed to sell the subsidised sugar are not being allowed to sell the commodity at the normal market rate, he says.