Sugar Price Fixed at Rs165 Per KG After Government-Industry Talks

The Ministry of National Food Security & Research has declared that the ex-mill price of sugar is now set at Rs165 per kilogram. This decision follows fruitful discussions between the government and representatives from the sugar sector.

The government has instructed all provincial administrations to make sure sugar is retailed in accordance with the revised pricing structure.

“Each provincial government must guarantee the accessibility of affordable sugar for the general populace,” the ministry stated.

This announcement is made in the wake of the Trading Corporation of Pakistan (TCP), a state agency, launching an international invitation to tender for the procurement and importation of between 300,000 and 500,000 metric tons of refined white sugar.

The deadline for submitting price quotations is July 18. Earlier, on July 8, the government of Pakistan sanctioned proposals to import 500,000 tons of sugar with the aim of stabilizing domestic prices.

Market observers have noted a substantial increase in retail sugar prices across the country since the beginning of the year.

The sugar is being sourced from various countries and must be bagged, with minimum offers of 25,000 tons being considered.

According to traders, the TCP retains the discretion to adjust the purchase volume above or below the tendered amounts. Shipments are expected to be arranged in multiple consignments, commencing loading in August.