ISLAMABAD – Sugar prices in Pakistan have surged to nearly Rs180 per kg, jumping from Rs130 earlier this year, sparking fresh concern among consumers and raising questions about what’s fueling the hike.
According to official data, ex-mill prices are capped around Rs154, but retail markets are showing much higher rates—pointing to a mix of hoarding, cartel practices, and weak regulation.
What’s Causing the Spike?
Experts say powerful sugar millers and traders are manipulating supply by stockpiling sugar to create artificial shortages. These tactics drive prices up while regulators look the other way.
Despite past inquiries and policy suggestions, the government continues to rely on temporary solutions such as imports or Ramadan subsidies, rather than addressing the sector’s core issues.
What Needs to Change
Economists and analysts are urging the government to:
- Crack down on hoarding and cartel behavior
- Increase transparency in sugar pricing and inventory
- Reform sugar sector policies and subsidies
- Empower regulators to monitor and act quickly
Without these steps, Pakistan’s sugar market is likely to face repeat crises—leaving consumers to pay the price.
This story has been reported by PakTribune. All rights reserved.