Sugar prices dip by Rs 13 per kg in Pakistan

In a welcome move, the Utility Stores Corporation (USC) has reduced the price of sugar across Pakistan by 13 rupees per kilogram, bringing the new price down to 140 rupees per kilogram.

This change is effective immediately, providing relief to consumers who were previously paying 153 rupees per kilogram at Utility Stores. The price cut is a result of the corporation’s successful negotiation with sugar mill owners, who agreed to reduce the price by 17 rupees per kilogram.

The USC had purchased 12,000 metric tons of sugar at 137 rupees per kilogram, but additional costs brought the total price to around 152 rupees per kilogram. Fortunately, the corporation has passed on the savings to consumers, ensuring they benefit from the reduced price.

This development comes on the heels of Punjab Chief Minister Maryam Nawaz Sharif’s forecast of a significant boost in wheat and rice production. She predicts a 30% increase in wheat output and a substantial rise in rice exports, expected to reach $5 billion this year.

To further enhance agricultural productivity, the government is promoting off-season cultivation of crops like tomatoes and onions. Farmers will also receive subsidized seeds, machinery, and expert guidance to support their efforts.

Pakistan’s agricultural sector is poised for growth, with potential increases in wheat and rice production. The government’s initiatives aim to ensure food security and stability in the market, ultimately benefiting consumers nationwide.