{"id":64528,"date":"2025-02-04T12:35:08","date_gmt":"2025-02-04T07:35:08","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=64528"},"modified":"2025-02-04T12:35:08","modified_gmt":"2025-02-04T07:35:08","slug":"sugar-prices-receive-new-surge-in-karachi","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/sugar-prices-receive-new-surge-in-karachi\/","title":{"rendered":"Sugar prices receive new surge in Karachi"},"content":{"rendered":"

KARACHI: The price of sugar<\/a> has received a new hike of <\/span>Rs160 per kilogram in Karachi’s retail market,\u00a0<\/span>which<\/span>\u00a0<\/span>has led the\u00a0<\/span>traders at\u00a0<\/span>Jodia Wholesale Market to\u00a0<\/span>demand<\/span>\u00a0<\/span>that<\/span>\u00a0<\/span>the export of the commodity<\/span>\u00a0<\/span>be<\/span>\u00a0<\/span>banned.<\/span>\u00a0<\/span><\/p>\n

The<\/span>\u00a0<\/span>chairman of the Wholesale Grocers Association<\/a>,\u00a0<\/span>Rauf<\/span>\u00a0<\/span>Ibrahim, said that the\u00a0<\/span>prices\u00a0<\/span>of sugar\u00a0<\/span>in the wholesale market have\u00a0<\/span>shot<\/span>\u00a0<\/span>up\u00a0<\/span>to Rs150 per kilogram,\u00a0<\/span>and<\/span>\u00a0advance deals for March\u00a0<\/span>have<\/span>\u00a0<\/span>touched\u00a0<\/span>Rs152 per kilogram. <\/span><\/p>\n

Traders are\u00a0<\/span>accusing<\/span>\u00a0the hoarding mafia\u00a0<\/span>of<\/span> a\u00a0<\/span>hike<\/span>\u00a0<\/span>in<\/span>\u00a0<\/span>prices<\/span>\u00a0and\u00a0<\/span>are<\/span>\u00a0<\/span>warning<\/span>\u00a0<\/span>that prices may\u00a0<\/span>jump<\/span>\u00a0<\/span>during<\/span>\u00a0<\/span>Ramazan<\/span>. Pakistan’s monthly sugar consumption is around 550,000 tons, but during Ramazan, it\u00a0<\/span>goes<\/span>\u00a0<\/span>up\u00a0<\/span>to 1 million tons<\/span>. So<\/span>,\u00a0<\/span>again,<\/span>\u00a0<\/span>pressure on the market<\/span>\u00a0is mounting<\/span>.<\/span><\/p>\n

Since December, sugar prices have <\/span>surged<\/span>\u00a0by Rs26 per kilogram<\/span>.<\/span>\u00a0<\/span>Last year, profiteers\u00a0<\/span>had<\/span>\u00a0<\/span>taken\u00a0<\/span>rates\u00a0<\/span>to Rs180 per kilogram. Even at utility stores, sugar prices have\u00a0<\/span>increased<\/span>\u00a0by Rs5,\u00a0<\/span>to<\/span>\u00a0<\/span>Rs<\/span>\u00a0<\/span>145\u00a0<\/span>per kilogram<\/span>,<\/span>\u00a0<\/span>and\u00a0<\/span>traders are\u00a0<\/span>cautioning<\/span>\u00a0that\u00a0<\/span>unless<\/span>\u00a0the government\u00a0<\/span>acts<\/span>\u00a0<\/span>immediately<\/span>,\u00a0<\/span>the<\/span>\u00a0<\/span>price<\/span>\u00a0may\u00a0<\/span>get<\/span>\u00a0out of\u00a0<\/span>hand<\/span>\u00a0during Ramazan. <\/span><\/p>\n

The Pakistan Bureau of Statistics<\/a> (PBS) has reported that\u00a0<\/span>the retail\u00a0<\/span>sugar\u00a0<\/span>price<\/span>\u00a0<\/span>has<\/span>\u00a0<\/span>touched<\/span>\u00a0<\/span>Rs<\/span>\u00a0<\/span>160<\/span>\u00a0per kilogram in retail markets across Pakistan, with\u00a0<\/span>prices<\/span>\u00a0<\/span>peaking<\/span>\u00a0<\/span>at<\/span>\u00a0<\/span>major<\/span>\u00a0<\/span>cities<\/span>\u00a0<\/span>Islamabad, Rawalpindi,<\/span>\u00a0and Karachi.<\/p>\n

<\/span>According to\u00a0<\/span>the PBS data<\/span>,<\/span>\u00a0<\/span>sugar is being sold at\u00a0<\/span>different<\/span>\u00a0prices in different cities<\/span>.<\/span>\u00a0<\/span>The highest price\u00a0<\/span>is observed\u00a0<\/span>in Islamabad, Rawalpindi, and Karachi<\/span>\u00a0at Rs160 per kilogram<\/span>.\u00a0<\/span><\/p>\n

The<\/span>\u00a0<\/span>price<\/span>\u00a0<\/span>of<\/span>\u00a0<\/span>sugar<\/span>\u00a0<\/span>is<\/span>\u00a0<\/span>Rs155 per kilogram in\u00a0<\/span>Gujranwala, Sialkot, Khuzdar, and Quetta<\/span>.<\/span>\u00a0<\/span>However<\/span>,\u00a0<\/span>in Faisalabad, Sargodha, Multan, and Larkana, the price is Rs150 per kilogram.<\/span><\/p>\n

In Rawalpindi and Lahore, sugar\u00a0<\/span>was<\/span>\u00a0<\/span>available<\/span>\u00a0<\/span>at\u00a0<\/span>the price of\u00a0<\/span>Rs150 per kilogram<\/span>. Similarly<\/span>,\u00a0<\/span>in Sargodha, Multan, and Gujranwala,\u00a0<\/span>its<\/span>\u00a0price\u00a0<\/span>was<\/span>\u00a0<\/span>fixed at\u00a0<\/span>Rs145 per kilogram. <\/span><\/p>\n

The\u00a0<\/span>cost<\/span>\u00a0of sugar\u00a0<\/span>ranged<\/span>\u00a0<\/span>from<\/span>\u00a0<\/span>one<\/span>\u00a0<\/span>district<\/span>\u00a0<\/span>to<\/span>\u00a0<\/span>another where\u00a0<\/span>the lowest\u00a0<\/span>prices<\/span>\u00a0<\/span>were<\/span>\u00a0<\/span>observed<\/span>\u00a0<\/span>to be\u00a0<\/span>in Bahawalpur and Sukkur at Rs145 per kilogram.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: The price of sugar has received a new hike of Rs160 per kilogram in Karachi’s retail market,\u00a0which\u00a0has led the\u00a0traders at\u00a0Jodia Wholesale Market to\u00a0demand\u00a0that\u00a0the export of the commodity\u00a0be\u00a0banned.\u00a0 The\u00a0chairman of the Wholesale Grocers Association,\u00a0Rauf\u00a0Ibrahim, said that the\u00a0prices\u00a0of sugar\u00a0in the wholesale market have\u00a0shot\u00a0up\u00a0to Rs150 per kilogram,\u00a0and\u00a0advance deals for March\u00a0have\u00a0touched\u00a0Rs152 per kilogram. Traders are\u00a0accusing\u00a0the hoarding mafia\u00a0of a\u00a0hike\u00a0in\u00a0prices\u00a0and\u00a0are\u00a0warning\u00a0that […]<\/p>\n","protected":false},"author":9,"featured_media":52182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[22537,26291,26290],"class_list":["post-64528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-pakistan-bureau-of-statistics-pbs","tag-price-of-sugar-increased","tag-wholesale-grocers-association"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64528","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=64528"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64528\/revisions"}],"predecessor-version":[{"id":64530,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64528\/revisions\/64530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/52182"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=64528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=64528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=64528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}