Islamabad: The ex-factory price of sugar in Sindh and Punjab has suddenly increased by 4 rupees per kilogram. The wholesale sugar price in Karachi is now 76 rupees instead of 72 grams.
According to industry insiders, due to the new crushing season and improved supply, the ex-factory price of sugar dropped to below 70 rupees per kilogram last week, but it is understandable that sugar prices in Sindh and Punjab have increased by 4 rupees per kilogram. Monday.
The ex-factory price of sugar in Sindh and Punjab is close to 74 rupees per kilogram, which is attributed to the fact that the sugar price in the Karachi wholesale market has risen to 76 rupees.
Experts say that the possible reason for the price increase in Punjab may be the increase in fog in the province, which may have affected the supply, but in Sindh, the sudden increase in prices is not justified.
What is worrying is that if sugar prices continue to rise at the wholesale level, retailers may also increase sugar prices from the current 80 rupees.