Ministry unravels sugar mills’ bid to jack up rates
Says early start of crushing season deliberate move by mills to sell sugar at high prices
PHOTO: REUTERS
ISLAMABAD:
The federal government has rejected the allegations levelled by the Pakistan Sugar Mills Association (PSMA), saying that based on the date provided there is no shortage of sugarcane and the crop is not being sold at Rs300 per 40 kilos as stated in a letter written to the prime minister a week ago.
“According to the bank receipt issued to the farmers, sugarcane was bought at an average price of Rs220 per 40 kilos,” the Ministry of Industries and Production stated in response to the PSMA letter.