Pakistan to Import Sugar to Stabilize Prices

The Pakistani government, through its food security ministry, announced plans on Tuesday to import 500,000 metric tons of sugar. This action aims to ensure price stability within the country.

According to a ministry statement, the federal cabinet has sanctioned the sugar import, which will be managed by the public sector.

This decision highlights Pakistan’s pattern of adjusting its sugar trade policy based on domestic supply. The nation alternates between exporting surplus stocks and importing to address shortages that cause price volatility.

Rising Sugar Prices Prompt Action

Market observers have noted a significant increase in retail sugar prices, which have risen to 200 rupees per kilogram, a sharp increase from 130 rupees in January.

Last year, the government had authorized the export of 250,000 tons of sugar, according to reports.