Sugar prices in Karachi have dropped significantly in the past week, with wholesale rates falling by Rs10 to Rs174 per kilogram. Retail prices range between Rs180 and Rs185 per kilogram in the city.
However, the sugar situation in Punjab is more complicated. The province is facing an ongoing sugar crisis, triggered by disputes among sugar mills, wholesalers, and brokers over the newly set official prices.
Read more: Deal falls flat as sugar prices stay high
The federal government has set the price of sugar at Rs165 per kilogram for mills and Rs173 for retail sales, but these prices have not been accepted by sugar dealers, who claim that mills are selling sugar at Rs176 per kilogram.
As a result, sugar suppliers in Punjab have suspended deliveries, causing the price to rise to Rs 200 per kilogram in some areas. Dealers have warned that the sugar supply will remain halted unless mills comply with the official prices set by the government.
