Sugar starts upward trend ahead of Ramazan as mafia active

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With the holy month of Ramazan approaching, the sugar price has started adopting upward trend while the mafia has also started the blame game, as the millers say the stockists have started to hoard the white sweetener while the dealers are of the view that soon after the government allowed export, price of the highly consumed item in domestic market jumped by Rs7 per kilogram.



They said that following the federal budget announcement, the price of sugar witnessed an increase of Rs2.50 to Rs3 per kg in wholesale market reaching Rs54 per kg as compared to Rs51 per kg earlier.

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