The Pakistan Sugar Mills Association (PSMA) Punjab Zone has strongly refuted recent reports suggesting an increase in sugar prices, calling the claims “baseless.” According to a spokesperson from PSMA Punjab, speculations about rising sugar costs have no factual basis, and the ex-mill price of sugar remains well below Rs140 per kilogram.

Plenty of Surplus Sugar Stocks Available

The PSMA spokesperson also assured the public that there is no shortage of sugar in the country, stating that there are ample stocks available to meet the nation’s needs. “There is enough surplus sugar stock to ensure that the market remains stable,” the spokesperson emphasized, urging the government to take action against those spreading false rumors about a potential price hike.

Federal Minister Clarifies Sugar Price Situation

In a related development, Federal Minister for Industries and Production, Rana Tanveer Hussain, also addressed the reports of rising sugar prices, firmly denying the allegations. He confirmed that the ex-mill price of sugar continues to remain under Rs140 per kilogram, while the retail price is Rs130 per kilogram and the wholesale rate stands at Rs125 per kilogram.

Hussain reassured the public that the government is closely monitoring the sugar market to prevent price manipulation. “Sugar prices are being regularly monitored under the instructions of the Prime Minister,” he stated, adding that the media should exercise caution and avoid spreading misinformation.

Government’s Efforts to Control Sugar Prices

Minister Rana Tanveer Hussain reiterated that the government is taking effective steps to control sugar prices and ensure that consumers are not affected by artificial price hikes. He emphasized that the public should remain confident in the government’s ability to maintain price stability.

Conclusion

As the country faces ongoing speculation about sugar prices, the PSMA and government officials have worked together to clarify the situation and dispel rumors. With sufficient sugar stocks in place and a clear commitment to monitoring the market, both the PSMA and the government are confident that sugar prices will remain under control and accessible to the public.