{"id":46535,"date":"2024-08-28T12:10:33","date_gmt":"2024-08-28T07:10:33","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=46535"},"modified":"2024-08-28T12:10:33","modified_gmt":"2024-08-28T07:10:33","slug":"govt-cracks-down-on-sugar-mills-amid-price-hike-concerns","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/govt-cracks-down-on-sugar-mills-amid-price-hike-concerns\/","title":{"rendered":"Govt cracks down on sugar mills amid price hike concerns"},"content":{"rendered":"<p>ISLAMABAD: The federal government has granted the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/federal-minister-ahsan-iqbals-mobile-phone-stolen-in-sheikhupura\/\">Ministry of Industries and Production (MoI&amp;P)<\/a> the authority to take swift action against sugar mills if there is a substantial surge in wholesale sugar prices.<\/p>\n<p>This decision follows a meeting of the <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/did-fiverr-disable-accounts-of-pakistani-freelancers-details-inside\/\">Sugar Advisory Board (SAB)<\/a>, chaired by the Federal Minister for Industries and Production, where data on sugar stocks for the 2023-24 crushing season was reviewed.<\/p>\n<p>As of August 15, 2024, the country&#8217;s sugar stock stood at 2.773 million metric tonnes, with total consumption reaching 4.797 million MT over the past 8.5 months.<\/p>\n<p>Based on projected consumption patterns, stakeholders anticipate an additional 1.974 million MT of sugar will be consumed in the remaining 3.5 months of the current season.<\/p>\n<p>Considering the expected consumption, exports, and carryover, the Sugar Advisory Board estimates a surplus of 0.704 million MT of sugar, exceeding the country&#8217;s one-month consumption.<\/p>\n<p>Even with an additional export of 0.100 million MT, the opening inventory for the next season is projected to be 0.604 million MT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The federal government has granted the Ministry of Industries and Production (MoI&amp;P) the authority to take swift action against sugar mills if there is a substantial surge in wholesale sugar prices. This decision follows a meeting of the Sugar Advisory Board (SAB), chaired by the Federal Minister for Industries and Production, where data on [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":44955,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[20945,20430,20946],"class_list":["post-46535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-ministry-of-industries-and-production-moip","tag-sugar-advisory-board-sab","tag-sugar-mills"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/46535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=46535"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/46535\/revisions"}],"predecessor-version":[{"id":46536,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/46535\/revisions\/46536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/44955"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=46535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=46535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=46535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}