As Ramazan nears, sugar prices in Pakistan have surged to Rs 170 per kg in major cities, driven by rising demand and speculation. Retailers fear prices could reach Rs 200/kg if the trend continues.
The Pakistan Sugar Mills Association (PSMA) attributes price fluctuations to market forces and warns of hoarding and speculation. Meanwhile, the government has set up Ramazan bazaars offering sugar at a subsidized Rs 130/kg to provide relief.
Despite these efforts, market manipulation continues to challenge consumers, highlighting the need for stricter price controls and monitoring.
