Sugar prices in Pakistan have increased by Rs. 10 to Rs. 15 per kilogram. Speculators and hoarders have been active since the start of the week. Their actions have caused a noticeable rise in sugar rates.
Large retailers are now selling sugar for Rs. 130 to Rs. 135 per kilogram. The ex-mill rate has also jumped to Rs. 115 to Rs. 125. Small retailers, however, are charging even higher prices. They are selling sugar for Rs. 140 to Rs. 150 per kilogram. This marks a Rs. 20 hike in some areas.
Future Prices Expected to Climb Further
Dealers predict more price hikes in the coming months. In December, the wholesale price is expected to reach Rs. 128 per kilogram. By January, it could climb to Rs. 133 per kilogram.
Speculative Trading Adds to Woes
Experts warn that speculative trading will further inflate prices. Reports suggest a possible Rs. 8 increase in January due to future trade deals.
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Impact on Consumers
Consumers are bearing the brunt of these price hikes. Many are struggling to afford basic necessities. The sudden increase in sugar prices has raised concerns about food inflation.
Government Response Awaited
Authorities have not yet announced measures to control the rising sugar prices. Analysts believe strict action against hoarders and speculators is necessary. Consumers are urging the government to intervene immediately.
Economic Pressures Intensify
The sugar price hike adds to Pakistan’s ongoing economic challenges. Inflation continues to burden households. Rising food costs are putting additional strain on low-income families.
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