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Sugar Prices Soar as Mills Halt Sales, Fear of Rs 250 per Kg
Sugar mills are hoarding stock to inflate prices, warns Wholesale Grocers Association chief. With the next harvest 9 months away, rates could hit Rs 250/kg! PM urged to act against the sugar mafia.
ND
by News Desk
2025-03-10
Sugar Prices Soar as Mills Halt Sales, Fear of Rs 250 per Kg

Despite an adequate supply of sugar, prices have surged due to mills refusing to sell in hopes of maximizing profits, according to Abdul Rauf Ibrahim, Chairman of the Wholesale Grocers Association.

Sugar Mills Hoarding Stock for Profits

Speaking to the media, Abdul Rauf Ibrahim highlighted the tactics of the sugar industry, stating:
🔹 No actual shortage – Mills have sugar but are deliberately holding back stock
🔹 Artificial price manipulation – Sugar was purchased from farmers at Rs 450 per 50 kg, yet now being sold at over Rs 13,000 per 50 kg
🔹 Cycle of export & import – First, mills export sugar, then later import the same product at higher rates
🔹 Future concerns – With the next sugar harvest still 9 months away, prices could skyrocket to Rs 250 per kg

Call for Government Action Against the Sugar Mafia

💬 "The Prime Minister must intervene immediately. Why aren't the authorities questioning the sugar mafia?" asked Ibrahim.

He further suggested:
✅ Sealing of sugar stock in warehouses to control artificial scarcity
✅ Strict monitoring to prevent mills from creating artificial shortages
✅ Action against hoarders driving up prices at the expense of the public

Impact on Ordinary Citizens

📉 Declining purchasing power – Families that previously bought 1 kg of sugar are now forced to buy only half due to high prices
📈 Cost of living skyrockets – Sugar price hikes affect all food and beverage industries, leading to overall inflation

With no intervention yet from the government, the public faces rising food prices amid economic uncertainty. Will the authorities act before sugar prices hit Rs 250 per kg?
Tagged:

inflation

PakistanEconomy

PriceHikes

SugarCrisis

SugarMafia
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