fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

Buy and Sell in CBD Punjab

Sugar prices to rise, say industry sources

LAHORE: The sugar prices are likely to increase, as the sugar mills have only four month stocks left and the production in the coming season will drop further, the industry sources told Daily Times Saturday.

They said the mills have only of 1.6 million tonnes of sugar stocks while the Trading Corporation of Pakistan (TCP) has 474,000 million tonnes of sugar.

The average consumption of the country is calculated at 450,000 tonnes per month. “Keeping in mind the month of Ramadhan, when the sugar consumption increases, the stocks are maximum for four months,” the sources said adding that the production of sugar will decline, as the sugarcane crop is very low.

Coordinator Farmers Association Pakistan, Idrees Khokhar said that the sugarcane production was estimated at least 20 to 30 percent less than previous year.

He said the major reason in decline was the treatment with the farmers, who declined their due price. The farmers were not paid the government announced support price of Rs 65-70 per maund in the previous year and the area of sugarcane cultivation also dropped. The price of sugar in international market was also calculated to be high because of low production.

Currently, the price of sugar in international market for August shipments is hovering at $396 per tonnes and freight $50 per tonnes thus the price in Pakistani rupees would be Rs 31,220 per tonnes and adding Rs 4,683 (15 percent sales tax), the price would become Rs 35,903 or Rs 36 per kg.

The prices of sugar would eventually come to at least Rs 38-40 per kg in September against current level of Rs 31-33 per kg. The industry stakeholders are calculating sugar production for 2008-09 at 3.5 million tonnes while in 2006-07 the sugar production was around 4.7 million tonnes.

Source: Daily Times

Sugar prices to rise, say industry sources
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

Sugar prices to rise, say industry sources
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®